Company Operating State*JohorKedahKelantanKuala LumpurLabuanMelakaNegeri SembilanPerakPerlisPulau PinangSabahSarawakSelangorTerengganu If the freight fees are not prescribed or clearly prescribed in the purchase order, ... peer-to-peer financing services through its subsidiary B2B FinPal Sdn Bhd as well as domestic logistics distribution services through Asia Commerce Logistics Sdn Bhd(ACL), its joint venture company with Hercules Logistics ShenZhen, China. Rates are based on B2B Bank Prime and are subject to change. Membership Fee (One Time) *All prices are inclusive of 6% SST THB 7800: Free : Sign Up ... featuring B2B Commerce’s new online platform B2B DaiGor (www.b2bdaigor.com), is expected to help SMEs reduce cost whilst minimising the hassle of cross-border transactions. All prospective Issuer will be required to pay a one-time non-refundable Registration Fee of RM250.00 to register itself into FinPAL’s P2P Platform. A representative will get in touch to personally guide you through the next step. B2B Finpal. PT B2B Finpal Indonesia (Operator) is a legal entity established under the Law of the Republic of Indonesia, which is regulated under the supervision of the Financial Services Authority. Processing fee at 1.5% if 90 to 120 days of financing, 2.0% if 150 days to 180 days of financing, Interest at 15.5% p.a. B) Annual Review Fee © 2018 B2B Finpal © 2018 B2B Finpal PT B2B Finpal Indonesia (Operator) is a legal entity established under the Law of the Republic of Indonesia, which is regulated under the supervision of the Financial Services Authority. The framework for The price indicated is for illustration purpose only. 3. It charges the investors a service fee equivalent to 30% of the interest earned. Disbursement at 90% of the Financing Amount, with the balance being retained as Reserve Amount for fees, interest and charges. Fees All three companies do not charge account opening fee. Er says the issuer had defaulted on its payment due to a major flood that affected the country’s northern states last year. The net return to investors after deducting fees ranges from 8.05% to 11.9% per annum. Remaining Reserve Amount after deducting the processing fee, interest and other relevant costs will be refunded to Issuer upon Issuer’s full settlement. Risk grading: Yes. Can sign-up via app. Funding Societies. to 18.0%p.a. All Rights Reserved. Fees: Member : RM199 Non-member : RM299 *HRDF Claimable for eligible SMEs. Get your application approved within 3 days. Though the investment opportunities are not as high as Funding Societies, B2B Finpal offers quite a fair number of investment notes. The net return to investors after deducting fees ranges from 8.05% to 11.9% per annum. Borrowers benefit from a streamlined application process, quick funding decisions and 24/7 access to the status of their loan. Though the investment opportunities are not as high as Funding Societies, B2B Finpal offers quite a fair number of investment notes. However, please note the platform fee (or the fee charged from repayment or sharing on interest received). Funding amount is between RM20,000 to RM200,000 with short repayment periods of between 3 months to 36 months with interest rates as low as 8% per annum. The processing fee is 3.75% upon disbursement. Tag "B2B FinPAL" Lending. B2B Finpal is in the process of recovering a defaulted payment by bringing the issuer to court. Wong says Funding Societies’ current default rate is below its long-term targeted rate of 3% to 5%. Disbursement at 90% of the Financing Amount, with the balance being retained as Reserve Amount for fees, interest and charges. The First China-ASEAN Online Trade Fair (11th-13th Sep 2020) ... One time Entrance Fees for all categories: RM 50 (ii) Subscription are structured as below: a) Life member RM2,000 one time Mobile app: Yes. Chicago's Minority and Women-owned Business (M/WBE) Procurement Program demonstrates the City's continued commitment to the success of minority- and women-owned businesses. Interest rate is ranged from 12.5%p.a. Fees; AlixCo: 2.59%: RM500: 0.35% -2% of repayment: B2B Finpal: 3.15%: RM1,000 initial deposit, RM100 per campaign: 30% of interest earned: CapitalBay P2P Financing platform: 0%: RM10,000: 10% to 30% of interest earned: Capsphere: 0%: RM200 initial deposit, RM50 per campaign: Up to 2% of monthly repayments: Cofundr : not stated: RM1,000 initial deposit, RM100 per campaign: For … (2) Default rate looks good on paper. The price indicated is for illustration purpose only. We won’t charge any fee if you decided to decline our offer. Funding Societies. Securities Commission Malaysia has regulated the interest rates on these platforms at between 5% to 18% and companies do not need to pledge collateral to get the funding. Fundaztic aims to drive access to financing so, even micro businesses and start-ups can apply. Any frauds shall be digitally recorded in the cyberspace and can be known to the society in the social media. “The issuer runs a fresh food business and it was affected as well. How did you find usFacebookGoogle SearchNewspaperWebinarSeminar/EventEmail NewsletterFriends or RelativesOthers. In May 2019, SC Malaysia announced additional licenses to 5 new peer-to-peer lending operators. The tenure of these notes ranges from one to four months, with simple interest rates of 11.5% to 17% per annum. I would like to apply for (may select more than 1)Invoice FinancingWorking Capital FinancingCovid-19 Relief Financing Fundaztic and B2B Finpal have default rates of 0.6% and less than 0.2% respectively. The net return to investors after deducting fees ranges from 8.05% to 11.9% per annum. Grow and achieve great success for your business with our collateral free invoice financing and Working Capital Financing. As an extension of our supply chain services, we are introducing B2B daiGor e-marketplace platform to this community to enable cross border trade between members from Malaysia, Indonesia, Thailand, Vietnam and Cambodia. Interest is calculated daily on the closing balance and paid monthly. However, the platform is on the verge of launching its new Covid-19 relief financing notes, which could have a tenure of up to 18 months. In the event of any delinquent and/or defaulted Issued Note(s), B2B Finpal may incur costs such as legal fees and collection charges in recovering the Issued Notes amount from the Issuer. Fundaztic. Funding Societies is earning me 4.8% without considering the additional revenue from referral fee. As of January 2018, it is the second largest player in the local P2P lending industry, holding approximately 25% market share. B2B FinPal – B2B Finpal Sdn Bhd. Date approved: November 2016. B2B Finpal. of Financing Amount for the tenure financed. That can look imposing for merchants. It has come to our attention that certain parties are claiming to be agents of B2B Finpal and are providing personal loan in collaboration with a bank. Funding amount is between RM20,000 to RM200,000 with short repayment periods of between 3 months to 36 months with interest rates as low as 8% per annum. of Outstanding Financing for each tenure period. But if it is a business transaction, PayPal can take a fee for sending funds to another PayPal account, upward of 3.75%. Peer to Peer Lending or better known as P2P Lending refers to an online platform that matches lenders to borrowers, the concept is widely believed to be introduced by Zopa and popularised by the likes of Lending Club. The First China-ASEAN Online Trade Fair (11th-13th Sep 2020) Official Website: guoao2020.com Currently, the outbreak and spread of COVID-19 around the world is affecting. How did you find usFacebookGoogle SearchNewspaperWebinarSeminar/EventEmail NewsletterFriends or RelativesOthers. The invoice financing notes offered by B2B Finpal have a minimum investment amount of RM1,000. “We are aiming for 5%. B2B Finpal is a Malaysia P2P lending platform with in-house risk management technology and partnership with trusted Credit Bureau. The average duration of B2B Finpal’s financing notes is 112 days (as at March), which means most of its notes do not meet the SC’s requirements. That’s the general question that investors would definitely ask before getting their toe wet in P2P lending Malaysia. Funding Societies has a low platform fee. Initial capital: RM1000 As of today, most of these new operators have yet to launch their platforms … Auto-invest function: Yes. Fundaztic aims to drive access to financing so, even micro businesses and start-ups can apply. Need help to recover from the pandemic? They are CapitalBay, Capsphere Services, Crowdsense, MicroLeap and Money Save Capital. We would like to inform you that this is a fraud attempt by certain malicious party. If you have not signed up for Funding Societies, please use the link or referral code below to sign up via website or app. B2B Finpal. 3. Peer-To-Peer (P2P) Financing or Peer-To-Peer (P2P) Lending is a way of lending money to individuals or businesses through online services that match lenders / investors and borrowers. B2B Finpal. It charges the investors a service fee equivalent to 30% of the interest earned. For working capital and business expansion, For cashflow needs attributable to pandemic situation. Small and medium enterprises (SMEs), most of which are facing a crunch in their cash flow following the Movement Control Order (MCO), are wondering if they should look at peer-to-peer funding as a possible solution. https://www.alixco.com/ B2B Finpal: RM1,000 to start an account: RM100 per campaign: At least 21 years old. B2B Finpal is a Malaysia P2P lending platform with in-house risk management technology and partnership with trusted Credit Bureau. B2B Finpal - P2P lending platform in Indonesia that offer P2P lending for MSMEs. Ng says Fundaztic has a higher targeted rate of 5% to 8%. Fees to receive funds out of PayPal to your bank account. 12,000 Southeast Asia FMCG players are already on our supply chain services platform with trade value of USD10 billion per annum. e.g. 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 for the past 17 years to SMEs. Securities Commission Malaysia has regulated the interest rates on these platforms at between 5% to 18% and companies do not need to pledge collateral to get the funding. Our vision is to be Malaysia's largest one-stop … Leverage on our Covid-19 Relief Financing. Latest Industry News & Activities Get updated with MCBEA’s recurring list of activities and news. Operator: Peoplender Sdn Bhd. The platform is aimed to help empower Malaysian SMEs by driving business growth beyond borders and boundaries through the adoption of ecommerce and digital marketing. Investors generate revenue from the remaining portion of the interest that borrowers pay on the loan. That can look imposing for merchants. Fees that may be charged include: A) Registration Fee. Our subscription fee is based on your transaction volume. Increase in demand? Required Financing Amount*less than RM50,000RM50,000 - RM75,000RM75,000 - RM150,000RM150,000 - RM1million After you have registered successfully, you will need to sign an agreement electronically via Docusign. The Operator functions as an intermediary that matches the funding needs of … B2B FinPAL, Ethis Kapital, FundedByMe Malaysia, ... as well as additional charges such as late fees. Visit us to learn more about our products! Peer Pressure: Malaysia’s Peer to Peer Lending (P2P) Performance. Phone: +603 7629 7333; Address: B2B Finpal, Unit T2-L9, Level 9, Tower 2 PJ 33 (Jaya 33) Jalan Semangat, Seksyen 13 46200 Petaling Jaya, Selangor The loans will be used to fund the working capital of two companies - an electronics business and an automobile parts distribution business. The only drawback is that the service fee charged by B2B Finpal is relatively higher than the other P2P lending platforms. Annual Subscription Fee. With the sophisticated risk algorithm and extensive SME experience, our financial ecosystem connects the SMEs with investors to quick and easy financing access for underserved SMEs. Contact Us. B2B Finpal. http://www.b2bfinpal.com/ Funding Societies: RM1,000 to start an account: RM100 per campaign Besides that, for P2P I invested into Funding Societies and B2B Finpal. It charges the investors a service fee equivalent to 30% of the interest earned. On the other hand, B2B Finpal is earning me 2.8%. B2B FinPal platform fee (sharing rate) is actually quite high. Small and medium enterprises (SMEs), most of which are facing a crunch in their cash flow following the Movement Control Order (MCO), are wondering if they should look at peer-to-peer funding as a possible solution. Operator: B2B Finpal Sdn Bhd. Disbursement from 87.5% (tenure more than 120 days) up to 90% (90-120 days tenure) of the Financing Amount, with the balance being retained as Reserve Amount for fees, interest and charges. The vibe in the office is casual and collaborative. Membership Fee (One Time) * Subject to prevailing Tax (whichever is applicable) MYR 1,000 / USD 250: Free : Sign Up: Sign Up For assistance please contact us at +603 – 7629 7300 / helpdesk@b2bdaigor.com. High fees – B2B Finpal takes a flat 30% of your interest earned, which is quite high. B2B Finpal. Processing fee at 1.5% if 90 to 120 days of financing, 2.0% if 150 days to 180 days of financing; Actual interest and fee offered to Borrower may vary depending on the risk grading assigned to the Borrower. Processing fee at 1.5% if 90 to 120 days of financing, 2.0% if 150 days to 180 days of financing. The invoice financing notes offered by B2B Finpal have a minimum investment amount of RM1,000. Let’s dive right in. Required Financing Amount*less than RM50,000RM50,000 - RM75,000RM75,000 - RM150,000RM150,000 - RM1million Finpal presents the first session of its new module, Simplifying Personal Finance. 4. We organize our own trade events for members to have face-to-face meet up with potential partners. “That may be a possible product for the secondary market,” says Chua. You can refer to this article that shows the comparison of all P2P lending platforms in Malaysia. Actual interest and fee offered to Issuer may vary depending on the risk grading assigned to the Issuer. Learn More ; More than just an online platform. B2B Finpal - P2P lending platform in Indonesia that offer P2P lending for MSMEs. You're exposed to a wide range of operations that don't only focus on your specific role, but the business as … Operator: B2B Finpal Sdn Bhd. Fingerprint sign-in: Yes. PayPal’s general rule of thumb is that for domestic personal transactions (between friends and family in the same country), there are no fees. If you keep rolling your principal back-to-back on each notes and the issuers pay back first 999 notes, but then default on the 1000th note. of Outstanding Financing for each tenure period. B2B Finpal is a P2P financing platform operator which facilitates our approved SMEs to seek financing via Notes issuance on our platform for our Investors’ investment consideration. 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