In May 2024 it was officially announced that Malaysia would launch the first social exchange late 2024 or beginning 2025. A social exchange functions as a platform where Social Enterprises and Non-Governmental Organisations can raise capital from impact investors and other funders while showcasing their social impact. By creating a marketplace specifically for socially impactful investments, a social exchange can address funding gaps, improve access to finance for Social Enterprises and Non-Governmental Organisations, and ultimately promote their growth and sustainability. However, in Malaysia crowdfunding already exists. Crowdfunding is a method of raising capital through the collective effort of friends, family, customers, and individual investors (or donors). This approach taps into the collective efforts of a large pool of individuals—primarily online via social media and forums—and leverages their networks for greater reach and exposure. This paper investigates the necessity of a social exchange, in light of the various existing alternative fund-raising methods in crowdfunding. This paper finds that a social exchange has to carve out its niche to be relevant in the arena of fundraising methods in Malaysia.