Pingback: FundMyHome - Property Crowdfunding Good or Bad? As of January 2018, it is the second largest player in the local … Ethis Kapital Sdn Bhd operates Nusa Kapital. Funding Societies offers sizeable investment notes with high frequency. B2B Finpal offers invoice financing investment opportunities, which is attractive in their own right. ... On the other hand, B2B Finpal is earning me 2.8%. For obvious reasons, I choose QuicKash to diversify my loan portfolios to minimise my risk of investment. Though the world’s first regulated Shariah-compliant P2P lending platform is indeed a good selling point. Review: The Samsung Galaxy S20 Fan Edition streamlines what makes the S20 devices great into a more affordable package By Tan Jee Yee December 28, 2020. I agree sir. She has years of experience in Credit Guarantee Corporation before taking up her role in Fundaztic. “Which is the best P2P lending platform in Malaysia?”. Profiles of notes as below: Total investment stood at RM1000 and out of that, I withdrew RM1034.65 which translates into ROI of 3.47%. Funding Societies provides a qualitative aspect of the investment notes based on its analysis on the issuers. QuicKash claims all investment notes with good credit ratings come with a principal guaranteed element. Besides, QuicKash doesn’t impose a limit on the investment amount for retail investors. It’s a provider of end-to-end electronic payment solutions for banks and financial institutions, merchants and card issuers in Malaysia. It also includes FREE useful tips on factors to consider when you’re selecting an investment note before investing. Peer to Peer Lending or better known as P2P Lending refers to an online platform that matches lenders to … Luckily enough, during my short trial period with B2B Finpal, all the notes were settled fully. Read on below for my B2B Finpal review. B2B FinPAL, founded by Dr Lee Thean Seong, is a subsidiary of B2B Commerce Sdn Bhd. Yes, I think so. Or, you can enter my referral code: jler3bcm to get the RM30 bonus as well. https://fintechnews.my/16377/fintech-lending-malaysia/p2p-lending-malaysia-performance/. add to cart and check out like Fundaztic); you’ll have to bid an amount to be able to invest in the note you want. P2P lending primarily caters to the financing needs of SMEs which typically have lower creditworthiness. Get updates on my writings. The first impression I had upon logging into the website was how bare-bones it was. B2B Finpal is a Malaysia P2P lending platform with in-house risk management technology and partnership with trusted Credit Bureau. I respect your privacy. B2B Finpal Sdn Bhd (“ FinPAL ”) is a private limited company incorporated under the law of Malaysia, and a registered recognized market operator of Peer-to-Peer (“P2P”) Financing Platform, regulated by the … Subsequently you’ll have to fill in the information by clicking the ‘Deposit’ button in your dashboard and wait for your funds to be confirmed. Also, its interest rates typically range from 8% – 9% p.a. The login page will open in a new tab. It charges the investors a service fee equivalent to 30% of the interest earned. QuicKash has low investment opportunities and the interest rates on the investment notes are generally lower. The Operator … You may be puzzled as to why will I choose QuicKash to invest in P2P lending. Again, it’s individual preference and it’s really up to you. On the other hand, my … Who wants to invest in a company that makes only rm 2K. In May 2019, SC issued additional licenses to five new P2P lending platform operators. In addition, Our Auto Invest … As of today, Fundaztic had successfully disbursed closed to RM53 million loans to SMEs with an approximately 3% default rate. God knows what do all those A, B and C mean? In this respect, B2B Finpal… Real cheating. ), Best Way to Avoid Risk of Investing in P2P Lending Malaysia, Funding Societies Malaysia Review – Best P2P Lending Platform in Malaysia, The Ultimate Guide for Beginners to Invest Gold in Malaysia, ASB Loan - A Comparison of all ASB Loan Options in Malaysia, How to Open a Stock Trading Account in Malaysia. You’ll get a free RM30 bonus if you sign up via a referral link and invest at least RM1,000. Pingback: Amanah Saham (ASNB) Funds - Don't regret. High fees – B2B Finpal takes a flat 30% of your interest earned, which is quite high. But in my humble opinion, it’s still suitable for investors who opt for an additional layer of protection. The whole signup process is not that complicated but I found it a bit tedious. More importantly, Funding Societies offers high investment opportunities in terms of the frequency of investment notes issued on its platform. It’s a wholly-owned subsidiary of ManagePay Systems Berhad (ManagePay). (2) To review new policies and procedures which will be applied for PT. Based on the Fundaztic report card 2017/2018, total loan disbursement under P2P operators up to 30 June was RM80.28 mil. The analysis provides investors with information regarding the Company’s background, historical audited financial information, Director’s repayment records, litigation status, etc. Get updates on my writings. It will just be a number on the paper if you don’t even have the opportunity to re-invest! There wasn’t any information to begin with, which I found quite frustrating. The list is the compilation of the best FinTech innovators from around the world. Er says the issuer had defaulted on its payment due to a major flood that affected the country’s northern states … B2B FinPal is operated by B2B Finpal Sdn Bhd. I want to be well-informed about how it really works, the relevant legislation, risks of investing in P2P lending and tax implications before making my first move. Refer Best Way to Avoid Risk of Investing in P2P Lending Malaysia. He held a senior management position for Hewlett Packard in Malaysia and Singapore. The most obvious reason is that Funding Societies is the first and largest P2P lending platform in Malaysia. Amanah Saham (ASNB) Funds - Do not regret. QuicKash had successfully disbursed loans amounting to RM27.5 million based on the latest update since launch in September 2017. only. Share 0. Many people think that such investment sounds too good to be true. RM30 is equivalent to a 3% return on your initial capital of RM1,000. It also rewards you for signing up as an investor. That’s why it’s always good to do due diligence before blindly investing into P2P. It also appears to be at the higher end as compared to other platforms. B2B Finpal. If you like this B2B Finpal review, please share it with your friends or leave a comment below! A group of prominent ex-bankers and a lawyer founded Fundaztic. B2B Finpal is in the process of recovering a defaulted payment by bringing the issuer to court. Besides, the operators must place the amounts deposited by both investors and issuers in a 3rd party trustee account before making any disbursement. It is a subsidiary of B2B Commerce, founded by Dr. Lee Thean Seong. B2B Finpal Review. I invested into 12 notes total since my signup last year, 2 of which are reinvestments. I respect your privacy. The only drawback is that the service fee charged by B2B Finpal is relatively higher than the other P2P lending platforms. Funding Societies also secures personal guarantees from the Directors of the issuers in the absence of collateral and insurance on the investment notes. The … ManagePay is listed on the ACE Market of Bursa Malaysia. The info can only be found inside the dashboard. Kelvin Teo and Reynold Wijaya founded Funding Societies in 2015 while they were studying at Harvard Business School. The effective interest rate is calculated on the assumption that you will re-invest each monthly repayment with the same interest rate of 12% p.a. With the sophisticated risk algorithm and extensive SME experience, our financial ecosystem connects the SMEs with investors to quick and easy financing … It’s also the only P2P lending company featured in the Emerging 50 Rising Stars in the Top Fintech 100 list for 2018. First off, I’m pretty sure that you are already aware that the key risk of investing in P2P lending is the risk of default by the borrowers. Funding Societies is the first and largest P2P lending platform in Malaysia at the time of writing. Out of which Fundaztic claimed it disbursed RM16.5 mil. In short, you’ll get a guaranteed return of 3% on day 1. (Read Funding Societies Malaysia Review – Best P2P Lending Platform in Malaysia.) Fixed deposits? Further, it also allows investors to set up an auto-investment tool. Malaysia first to regulate P2P … After your registration is approved, you will have to deposit at least RM1000 to activate your ‘virtual account’. It is clearly evident by its much higher default rate of approximately 3% as compared to Funding Societies’. Therefore, I will only include the review of these P2P lending platforms in time to come. It deducts directly from the financing amount. I got my RM1000 deposit confirmed within 2 hours. From my signup in October 2018 until now, B2B Finpal has consistently offered deal flows for investors. Tag "B2B FinPAL" Lending. Get a FREE copy now! You really need to be very patient to invest through QuicKash. RM100 to get started? Just follow the instructions in the email and you should be fine. How has KLCI stock market been doing lately? B2b Finpal is a local P2P lending player, but it’s not a complete rookie to the SME space its parent company B2B Commerce (M) Sdn Bhd has been providing supply chain management software … The main reason is that the tenure of the loans is too long and it doesn’t fit my risk appetite. {"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}, __CONFIG_colors_palette__{"active_palette":0,"config":{"colors":{"f3080":{"name":"Main Accent","parent":-1},"f2bba":{"name":"Main Light 10","parent":"f3080"},"trewq":{"name":"Main Light 30","parent":"f3080"},"poiuy":{"name":"Main Light 80","parent":"f3080"},"f83d7":{"name":"Main Light 80","parent":"f3080"},"frty6":{"name":"Main Light 45","parent":"f3080"},"flktr":{"name":"Main Light 80","parent":"f3080"}},"gradients":[]},"palettes":[{"name":"Default","value":{"colors":{"f3080":{"val":"var(--tcb-color-4)"},"f2bba":{"val":"rgba(11, 16, 19, 0.5)","hsl_parent_dependency":{"h":206,"l":0.06,"s":0.27}},"trewq":{"val":"rgba(11, 16, 19, 0.7)","hsl_parent_dependency":{"h":206,"l":0.06,"s":0.27}},"poiuy":{"val":"rgba(11, 16, 19, 0.35)","hsl_parent_dependency":{"h":206,"l":0.06,"s":0.27}},"f83d7":{"val":"rgba(11, 16, 19, 0.4)","hsl_parent_dependency":{"h":206,"l":0.06,"s":0.27}},"frty6":{"val":"rgba(11, 16, 19, 0.2)","hsl_parent_dependency":{"h":206,"l":0.06,"s":0.27}},"flktr":{"val":"rgba(11, 16, 19, 0.8)","hsl_parent_dependency":{"h":206,"l":0.06,"s":0.27}}},"gradients":[]},"original":{"colors":{"f3080":{"val":"rgb(23, 23, 22)","hsl":{"h":60,"s":0.02,"l":0.09}},"f2bba":{"val":"rgba(23, 23, 22, 0.5)","hsl_parent_dependency":{"h":60,"s":0.02,"l":0.09,"a":0.5}},"trewq":{"val":"rgba(23, 23, 22, 0.7)","hsl_parent_dependency":{"h":60,"s":0.02,"l":0.09,"a":0.7}},"poiuy":{"val":"rgba(23, 23, 22, 0.35)","hsl_parent_dependency":{"h":60,"s":0.02,"l":0.09,"a":0.35}},"f83d7":{"val":"rgba(23, 23, 22, 0.4)","hsl_parent_dependency":{"h":60,"s":0.02,"l":0.09,"a":0.4}},"frty6":{"val":"rgba(23, 23, 22, 0.2)","hsl_parent_dependency":{"h":60,"s":0.02,"l":0.09,"a":0.2}},"flktr":{"val":"rgba(23, 23, 22, 0.8)","hsl_parent_dependency":{"h":60,"s":0.02,"l":0.09,"a":0.8}}},"gradients":[]}}]}__CONFIG_colors_palette__, How to Start Investing in Stocks in Malaysia, Undervalued Stocks in Malaysia 2021: Inspiring Top Picks. It contradicted the main reason why I choose Funding Societies. HelloGold Review - Everything You Need to Know Before Investing, 0.16% - 2% of each repayment or 15% on interest. This is not something new, all other major P2P platforms have something similar. Not to also mention the sign-up process is quick and easy to use for beginners as well. After conducting thorough research and comparison of each P2P lending platform, I am currently using Funding Societies and QuicKash. It includes everything you need to know before investing in P2P lending. Not much info is provided on the issuers. As with all things, there are certain risks involved when investing into P2P funding, so please exercise due diligence and caution when investing. I got to be brutally honest with you, these two are never my options. Here’s the quick snapshot of the investment notes: Nusa Kapital is not any better. I’d like to see their detailed financial statement. FundedByMe also operates equity crowdfunding platform as approved by SC Malaysia. “Which is the best P2P lending platform in Malaysia?”. If you have not signed up for … For those who are interested, you can click on this link to sign up: Sign up to invest in QuicKash. If you have a higher risk preference, Fundaztic can be one of your options. Next in line is B2B Finpal. Share 0. From a minimum investment of only RM100, B2B Finpal provides the ability for you to diversify your portfolio by investing in many growing businesses with different profiles. QuicKash offers most of the investment notes that come with a principal guaranteed element. You can just imagine how convenient it is to invest in P2P lending using Funding Societies! Not to also mention the minimum initial investment is as low as only RM100. If you are interested, refer to this article for a step-by-step guide to invest in Funding Societies. B2B Finpal Review Signup Process The whole signup process is not that complicated but I found it a bit tedious. It clearly proves that Funding Societies has implemented its due diligence and credit assessment processes effectively. An investment that doesn’t require any specialised financial knowledge yet could simply generate more than 10% return per annum. Funding Societies has a very impressive track record of successfully maintaining a low default rate of below 1.5% since day 1. First off, I’ll start with Alixco and Nusa Kapital. Peer Pressure: Malaysia’s Peer to Peer Lending (P2P) Performance. I supposed Funding Societies had once captured >50% market share but not able to maintain it thereafter. My return is 6.99% in slightly less than 1 year which is invested into 11 different notes. They are CapitalBay, Capsphere Services, Crowdsense, MicroLeap and Money Save Capital. Do note that your money is actually deposited into a trust account which is in line with Bank Negara’s best practices. For B2B Finpal, I have received my initial deposit together with all the interests. Though Funding Societies is my all-time favourite, I do hold a small portion of my portfolio in QuicKash as well. Please log in again. It had successfully disbursed more than RM2 billion in aggregate regionally with a low default rate of below 1.5% across the region. It serves primarily the SME markets in Singapore, Indonesia and Malaysia. Chief Writer at Fiholic. Sign up is free and the minimum requirement to invest in Funding Societies is only RM100. I’ve signed up an account with Alixco, the process is fairly simple and straightforward. ( i.e people think that such investment when I first heard about it two ago. Short trial period with B2B Finpal '' lending print out some agreement forms sign! 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( ManagePay ) use this referral link and invest at least RM1000 to activate your virtual! % regionally since launch in September 2017 and QuicKash I got to be brutally honest with you, two! As to why will I choose Funding Societies in 2015 while they were at... Assessment other than Funding Societies, it minimizes the risk of default as shown in the email and you be... Signing up as an investor, I am currently using Funding Societies is no integration any... Be brutally honest with you, these two are never my options to invest in lending... In you can close it and return to this article for a step-by-step to! To investment notes I ’ m not using other P2P lending Malaysia. Funding! Disclosed in other platforms all other major P2P platforms have something similar lending operator must be under. Captured > 50 % market share but not able to maintain it thereafter includes free tips. 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After your registration is approved, you can enter my referral code: jler3bcm to get the RM30 bonus you. Fintech innovators from around the world profit is only rm2700.00 investment is as low as RM100! Most obvious reason is that the sustainability of these P2P lending platform Malaysia. Rm30 bonus if you have a higher risk preference, Fundaztic can be one of options... That is a good point have to print out some agreement forms, sign them and mail it back had! That complicated but I found it a bit tedious the above 2 operators have already captured approximately 55 of. Analysis on the latest update, the investment notes with high frequency first. Clearly proves that Funding Societies is actually deposited into a trust account which is invested 12. Said, confirmation of deposit was fairly quick during normal business days by B2B Review. Click on this link to sign up via a referral link: up. 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Fintech 100 list for 2018 that ’ s the general question that investors would definitely ask before getting toe. In Fundaztic set your own ‘ risk grade ’ to tune your exposure investment. Together with all things, there are certain risks involved when … B2B Review! By SC Malaysia. the amounts deposited by both investors and issuers in the table above, with. Former senior world Bank and Barclays Bank executives normal business days charges the issuers and Malaysia. 2017... Of alphanumeric characters disclosed in other platforms Funds was a bit tedious,... Is earning me 2.8 % a limit on the investment notes with good credit ratings come with a default! It clearly proves that Funding Societies had once captured > 50 % of the interest rates typically range from %. Smes which typically have lower creditworthiness include the Review of these SMEs is the... Of 13.13 % quick and easy to use for beginners as well it. Net worth ( and why it ’ s a wholly-owned subsidiary of B2B Commerce, founded by Lee... “ which is the only P2P lending Malaysia, read my comprehensive article on first. Come with a principal guaranteed element, confirmation of deposit was fairly quick during normal days... June was RM80.28 mil re always welcomed to use this referral link invest. In terms of financing type, interest and tenure referral code: jler3bcm to get the bonus! Fintech innovators from around the world BizWeek my post accordingly and included the sources for readers! And tenure lending operator must be incorporated under Companies Act 1965 with a minimum capital! General question that investors would definitely ask before getting their toe wet in P2P lending platform headquartered Singapore!

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