Performance Reward System, vimigo, which announced a collaboration with pitchIN to provide sustainable funding avenues for Local SMEs is getting traction.
The campaign has gotten a tremendous response from potential investors since its launch a week ago. The projected total pledged by the potential investors is currently over RM 2 million.
Over the coming months, vimigo will be looking to reach out to more interested parties in an effort to achieve its fundraising goal.
“With the SMEs making up 97.2% of total business establishments in Malaysia, it is safe to say that competitiveness within this ecosystem is at an all-time high, according to a media release.
To give these promising enterprises an extra edge, the performance reward system, vimigo, introduces a performance reward system that emphasizes attracting the right employees and retaining these individuals through world-class incentives.
In conjunction with its recently established partnership with pitchIN, vimigo will be launching an Equity Crowdfunding (ECF) campaign, thus expanding its reach to further assist Malaysia’s SMEs in achieving sustainable growth.
Over the last two years, SMEs have been facing multiple challenges in securing adequate financial support while ensuring continuous positive cash flow for survival. Through its collaboration with pitchIN, vimigo will be looking to connect with a wider network of businesses nationwide, further ensuring that more businesses have access to its trusted solutions while opening up avenues for sustainable funding opportunities with ECF.
“We understand that in today’s economy, financial support, whether in the form of loans or securing investors, is not easy to obtain. With interest rates skyrocketing and the startup investment circuit becoming more and more competitive, we want to offer sustainable alternatives to our partners while providing them with our in-house solutions. vimigo’s collaboration with pitchIN is geared towards exposing our SME partners to the opportunities that ECF can bring and our upcoming ECF campaign via the platform is a testament to that credibility,” says Shane Mun, Founder of vimigo.
With its ECF campaign underway, vimigo aims to offer potential investors an opportunity to be a part of its growth journey in becoming a performance reward platform that will revolutionize workplace culture while improving productivity and enhancing flexibility and freedom for employees.
