Not to also mention the sign-up process is quick and easy to use for beginners as well. But the biggest problem is that Alixco offers extremely limited investment notes with small amounts. Pingback: How to Calculate Your Net Worth (And Why it Matters). Further, it also allows investors to set up an auto-investment tool. It made its debut in Malaysia in February 2017. How has KLCI stock market been doing lately? Share 0. The analysis provides investors with information regarding the Company’s background, historical audited financial information, Director’s repayment records, litigation status, etc. Luckily enough, during my short trial period with B2B Finpal, all the notes were settled fully. This is not something new, all other major P2P platforms have something similar. P2P lending primarily caters to the financing needs of SMEs which typically have lower creditworthiness. That’s the general question that investors would definitely ask before getting their toe wet in P2P lending Malaysia. (2) To review new policies and procedures which will be applied for PT. B2B Finpal Review. Yes, I know. After trying Fundaztic and Funding Societies Malaysia, I’ve decided to try out the rest of the P2P operators in Malaysia. Read on below for my B2B Finpal review. It’s a provider of end-to-end electronic payment solutions for banks and financial institutions, merchants and card issuers in Malaysia. Here’s the quick snapshot of the investment notes: Nusa Kapital is not any better. This is the part where I have major issues with the platform. From the table above, it seems that B2B FinPAL … I promise I won't sell you bullshit. Kristine Ng is the incumbent CEO of Fundaztic. 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. Again, it’s individual preference and it’s really up to you. It commenced its operations in July 2017. It’s all over to you…but I believe that you as a brilliant investor can form your own judgment based on the facts and information available. My return is 6.99% in slightly less than 1 year which is invested into 11 different notes. Not much info is provided on the issuers. The list is the compilation of the best FinTech innovators from around the world. B2B FinPal is operated by B2B Finpal Sdn Bhd. Though Funding Societies is my all-time favourite, I do hold a small portion of my portfolio in QuicKash as well. It discloses that the investors will never lose their principal investment amount even if the issuer fails to repay. Fixed deposits? B2B Finpal is one of six P2P financing platform operators licensed by the Securities Commission Malaysia (SC). 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. You can even set your own ‘risk grade’ to tune your exposure to investment notes based on their risk grading. As of today, most of these new operators have not launched their platforms to the public or only introduced the beta version. B2B Finpal provides an alternative way for Malaysia SMEs to bypass traditional financial intermediaries such as banks for the gaining of capital in short period. Fundaztic is the only P2P lending platform that allows financing with maturity up to 60 months. Having considered the high probability of default as shown above, loans with tenure more than one year definitely amplifies the risk of default. The inherent risk of investing in P2P lending is the risk of default by the issuers when they fail to make their repayments on time. A simple interest rate of 12% per annum with monthly repayment (principal + interest) is equivalent to an effective interest rate of 21.5% per annum. HelloGold Review - Everything You Need to Know Before Investing, 0.16% - 2% of each repayment or 15% on interest. That being said, confirmation of deposit was fairly quick during normal business days. It contradicted the main reason why I choose Funding Societies. He held a senior management position for Hewlett Packard in … Chief Writer at Fiholic. The risk ratings that are made up of alphanumeric characters disclosed in other platforms may not be sensible to everyone. Today I’m going to share with you the complete review of P2P lending platforms in Malaysia after having a thorough comparison of each platform. I’ve signed up an account with Alixco, the process is fairly simple and straightforward. B2B Finpal is a registered market operator for P2P Financing Platform, providing SMEs in Malaysia an alternative source to raise funding, whilst offering the Investors the opportunity to invest in the business needs of these SMEs. About the … only. Get updates on my writings. Unsubscribe at any time. A group of prominent ex-bankers and a lawyer founded Fundaztic. As with all things, there are certain risks involved when … 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. B2B Finpal is in the process of recovering a defaulted payment by bringing the issuer to court. Funding Societies has a very impressive track record of successfully maintaining a low default rate of below 1.5% since day 1. From my signup in October 2018 until now, B2B Finpal has consistently offered deal flows for investors. The first impression I had upon logging into the website was how bare-bones it was. But most of the investment notes I’ve browsed through typically range from 12 to 36 months. It charges the investors a service fee equivalent to 30% of the interest earned. As of January 2018, it is the second largest player in the local … Review of Other P2P Lending Platforms in Malaysia, Download FREE eBook – The Ultimate Guide to Investing in P2P Lending (89 Pages), Funding Societies Malaysia Review – Best P2P Lending Platform in Malaysia. Based on the latest update, Funding Societies had successfully disbursed more than RM2 billion worth of loans across the region. Revenue is 8 million + but the profit is only rm2700.00. Yes, I think so. Thanks! Though the world’s first regulated Shariah-compliant P2P lending platform is indeed a good selling point. It charges the borrowers a guarantee fee for 3rd party guarantee services. I wish the whole process could be digitised to save the hassle of manual work though. Not to also mention the minimum initial investment is as low as only RM100. Funding Societies provides a qualitative aspect of the investment notes based on its analysis on the issuers. If you are interested, refer to this article for a step-by-step guide to invest in Funding Societies. It’s a Swedish-based company. 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 company launched its platform in July last year, aiming to carve a niche in the … And I hope that whatever I’m sharing here based on my thorough research and personal experience would be helpful to you. Besides, the team comprises experienced elites such as former senior World Bank and Barclays Bank executives. B2B Finpal is a decent investment option for those seeking exposure to SME’s and supply chain via their B2B Eco invoice (eco meaning ecosystem). 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 … It clearly proves that Funding Societies has implemented its due diligence and credit assessment processes effectively. Doctor by day, personal finance addict by night. RM30 is equivalent to a 3% return on your initial capital of RM1,000. SUBSCRIBE. High fees – B2B Finpal takes a flat 30% of your interest earned, which is quite high. Real cheating. Get a FREE copy now! Besides, the operators must place the amounts deposited by both investors and issuers in a 3rd party trustee account before making any disbursement. 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. I invested into 12 notes total since my signup last year, 2 of which are reinvestments. 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. B2B Finpal Review; Join the Newsletter. FundedByMe also operates equity crowdfunding platform as approved by SC Malaysia. B2B Finpal offers the largest number of invoice financing notes to-date. Funding Societies offers sizeable investment notes with high frequency. B2B Finpal Review Signup Process The whole signup process is not that complicated but I found it a bit tedious. I supposed Funding Societies had once captured >50% market share but not able to maintain it thereafter. This is definitely a BIG deal for me. (Read Funding Societies Malaysia Review – Best P2P Lending Platform in Malaysia.) It’s much easier for investors to understand the nature and underlying risk of the investment notes. For those who are interested, you can click on this link to sign up: Sign up to invest in QuicKash. 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. Subscribe to our weekly newsletter to get  the latest articles straight in your inbox. The Operator … Share 0. The main and only reason why I choose QuicKash is all about diversification. What other investment options that are more attractive to you? Bear in mind that this is not the annualised return, which could potentially be higher. I promise I won't sell you bullshit. In short, you’ll get a guaranteed return of 3% on day 1. Sign up is free and the minimum requirement to invest in Funding Societies is only RM100. The strong credit control has definitely boosted my confidence to invest through its platform. QuicKash had successfully disbursed loans amounting to RM27.5 million based on the latest update since launch in September 2017. It was founded by Umar Munshi, the CEO of the company. QuicKash has low investment opportunities and the interest rates on the investment notes are generally lower. Invest in yourself is the key to success! However, the investment opportunity that QuicKash offers is significantly lower than Funding Societies. After the usual online registration, you’ll have to print out some agreement forms, sign them and mail it back. Do note that your money is actually deposited into a trust account which is in line with Bank Negara’s best practices. Categories P2P Investment Tags b2b finpal, b2b finpal review … Also, its interest rates typically range from 8% – 9% p.a. It also has a mobile application with excellent user interface designs. RM100 to get started? Although this platform has a sizeable requirement in terms of the minimum deposit needed to open an investment account, any excess deposited funds which have not been … It is a subsidiary of B2B Commerce, founded by Dr. Lee Thean Seong. The most obvious reason is that Funding Societies is the first and largest P2P lending platform in Malaysia. 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For obvious reasons, I choose QuicKash to diversify my loan portfolios to minimise my risk of investment. Next in line is B2B Finpal. Funding Societies is the first and largest P2P lending platform in Malaysia at the time of writing. 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%. The main reason is that the tenure of the loans is too long and it doesn’t fit my risk appetite. An investment that doesn’t require any specialised financial knowledge yet could simply generate more than 10% return per annum. The best way to minimize your risk is to diversify your loan portfolios. Next in line is B2B Finpal. To review and rebalance our portfolio, first we would need to know the performance of our investments. The whole signup process is not that complicated but I found it a bit tedious. I got my RM1000 deposit confirmed within 2 hours. They have auto-invest options so that is a good point. “Which is the best P2P lending platform in Malaysia?”. Get updates on my writings. As of today, Fundaztic had successfully disbursed closed to RM53 million loans to SMEs with an approximately 3% default rate. They are CapitalBay, Capsphere Services, Crowdsense, MicroLeap and Money Save Capital. Let’s dive right in. In this respect,B2B Finpal… Many people think that such investment sounds too good to be true. B2B FinPal is operated by B2B Finpal Sdn Bhd. Out of which Fundaztic claimed it disbursed RM16.5 mil. Now, let’s take a closer look at the other P2P lending platforms. Tweet 0. The info can only be found inside the dashboard. You really need to be very patient to invest through QuicKash. Er says the issuer had defaulted on its payment due to a major flood that affected the country’s northern states … Thanks for sharing the information. Based on SC guidelines, a P2P lending operator must be incorporated under Companies Act 1965 with a minimum paid-up capital of RM5 million. Would be great if you could share the source of the Fundaztic report 2017/2018 for the readers as well. Just follow the instructions in the email and you should be fine. In May 2019, SC issued additional licenses to five new P2P lending platform operators. Ethis Kapital Sdn Bhd operates Nusa Kapital. Is it cheating on the profit amount.? https://fintechnews.my/16377/fintech-lending-malaysia/p2p-lending-malaysia-performance/, Unit Trust Malaysia – Everything You Need to Know Before Investing, How to Choose the Best Private Retirement Scheme Malaysia, P2P Lending Malaysia – Everything You Need to Know Before Investing, HelloGold Review – Everything You Need to Know Before Investing, 5 Key Factors to Choose the Best REIT Stock Today, P2P Lending Malaysia Review (update 2019), Overview of P2P Lending Platforms in Malaysia, Comparison of P2P Lending Platforms in Malaysia. Based on my knowledge, Finpal has disbursed RM28 mil up to 30 June 2018. You’ll get a free RM30 bonus if you sign up via a referral link and invest at least RM1,000. I did not jump in right away despite the irresistible returns. That gives the investors the opportunities to compound their returns throughout the year. Hi Ricky! Peer Pressure: Malaysia’s Peer to Peer Lending (P2P) Performance. I’m not surprised at all. For those who are interested, you’re always welcomed to use this referral link: Sign up to invest in Funding Societies. It will just be a number on the paper if you don’t even have the opportunity to re-invest! I was very skeptical about such investment when I first heard about it two years ago. But I hesitated. He’s also the chairman of the Islamic Fintech Alliance. The above 2 operators have already captured approximately 55% of the P2P market share not to mentioned other operators. ... On the other hand, B2B Finpal is earning me 2.8%. You may be puzzled as to why will I choose QuicKash to invest in P2P lending. After … Read more B2B Finpal Review. Pingback: Amanah Saham (ASNB) Funds - Don't regret. Tag: B2B FinPal. Like sl 000213. Trying to deposit fresh funds was a bit disappointing, as there is no integration with any major online payment processors such as FPX. By Fiholic 03/11/2020 23/11/2020. It’s no brainer, isn’t it? If you still have any questions or doubts, this FAQ on P2P lending may be helpful to you. A P2P operator also needs to put in place a diligent risk scoring system and ensure compliance of the SC approved platform rules. The tool helps the investors to invest based on their requirements in terms of financing type, interest and tenure. I would like to clarify that Funding Societies is no longer command >50% of the market shares. An American man was jailed after leaving a negative review of a Thai hotel, and TripAdvisor has now issued a warning on the resort's page. Though the investment opportunities are not as high as Funding Societies, B2B Finpal offers quite a fair number of investment notes. Who wants to invest in a company that makes only rm 2K. ), 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. And let me explain to you why I’m not using other P2P lending platforms other than Funding Societies and QuicKash. A Complete Review of P2P Lending Platforms in Malaysia (2019) September 28, 2018 Mar, Desmond INVESTING, Peer-to-Peer Lending (P2P Lending) 6 comments. B2B Finpal. Therefore, I will only include the review of these P2P lending platforms in time to come. If you have a higher risk preference, Fundaztic can be one of your options. I’m pretty sure that’s what you’re doing right now as a rational investor! Based on the latest update, the platform had successfully raised about RM90 million with a low default rate of approximately 0.2%. With the sophisticated risk algorithm and extensive SME experience, our financial ecosystem connects the SMEs with investors to quick and easy financing … Below is my portfolio’s performance to date with an annualised return of 13.13%. Today I’m going to share with you a complete review of P2P lending platforms in Malaysia after having a thorough comparison of each platform. Will I continue to build a portfolio here? In addition, Our Auto Invest … ManagePay is listed on the ACE Market of Bursa Malaysia. I have updated my post accordingly and included the sources for the loans disbursement amounts for readers’ reference. On the other hand, my … “Which is the best P2P lending platform in Malaysia?”. Besides, QuicKash doesn’t impose a limit on the investment amount for retail investors. It maintains a low default rate of below 1.5% regionally since launch. Pingback: FundMyHome - Property Crowdfunding Good or Bad? For manual investing, you cannot invest straightaway (i.e. It had successfully disbursed more than RM2 billion in aggregate regionally with a low default rate of below 1.5% across the region. More importantly, Funding Societies offers high investment opportunities in terms of the frequency of investment notes issued on its platform. QuicKash offers most of the investment notes that come with a principal guaranteed element. Alixco had successfully raised more than EUR 37 million for 472 companies according to its official website. B2B Finpal is a registered market operator for P2P Financing Platform, providing SMEs in Malaysia an alternative source to raise funding, whilst offering the Investors the opportunity to invest in the business needs of these SMEs. Funding Societies also secures personal guarantees from the Directors of the issuers in the absence of collateral and insurance on the investment notes. Malaysia first to regulate P2P … It deducts directly from the financing amount. Amanah Saham (ASNB) Funds - Do not regret. Based on the Fundaztic report card 2017/2018, total loan disbursement under P2P operators up to 30 June was RM80.28 mil. After comparing all factors such as investment opportunities and credit assessment other than the fees, Funding Societies remains my favourite choice. She has years of experience in Credit Guarantee Corporation before taking up her role in Fundaztic. After conducting thorough research and comparison of each P2P lending platform, I am currently using Funding Societies and QuicKash. If you have not signed up for … B2B Finpal is a peer-to-peer financing platform for businesses in Malaysia. B2B Finpal is a decent investment option for those seeking exposure to SME’s and supply chain via their B2B Eco invoice (eco meaning ecosystem). As an investor, I want to make sure that I understand everything about an investment before I start investing. First off, I’ll start with Alixco and Nusa Kapital. B2B Commerce was founded in 1999 and it provides cloud-based Internet commerce technologies to create a … It is a subsidiary of B2B Commerce, founded by Dr. Lee Thean Seong. ... B2B FinPAL . As with all things, there are certain risks involved when investing into P2P funding, so please exercise due diligence and caution when investing. There wasn’t any information to begin with, which I found quite frustrating. It's not too late yet. The personal guarantees reduce the risk of default by the borrowers. The login page will open in a new tab. If you like this B2B Finpal review, please share it with your friends or leave a comment below! Refer Best Way to Avoid Risk of Investing in P2P Lending Malaysia. Tag "B2B FinPAL" Lending. Unfortunately, QuicKash doesn’t offer any referral bonus. If you’re new to P2P Lending Malaysia, read my comprehensive article on that first. Therefore, it minimizes the risk of default by the borrowers and provides the investors with an additional layer of protection. It is the world’s first regulated Shariah-compliant P2P lending platform. It is clearly evident by its much higher default rate of approximately 3% as compared to Funding Societies’. After your registration is approved, you will have to deposit at least RM1000 to activate your ‘virtual account’. Kelvin Teo and Reynold Wijaya founded Funding Societies in 2015 while they were studying at Harvard Business School. Alixco is operated by FundedByMe Malaysia (FBM Crowtech Sdn Bhd). Pingback: Why Funding Societies is the Best P2P Lending Platform in Malaysia? The reality is that the sustainability of these SMEs is in question. B2B FinPAL, founded by Dr Lee Thean Seong, is a subsidiary of B2B Commerce Sdn Bhd. I agree sir. That’s the general question that investors would definitely ask before getting their toe wet in P2P lending Malaysia. Interestingly, he is also currently the Group CEO of Paramount Corporation Bhd, a company listed on the Main Market of Bursa Malaysia. Many times I have seen this kind of financial reporting. The … https://fintechnews.my/16377/fintech-lending-malaysia/p2p-lending-malaysia-performance/. Realizing the need of an extra boost in capital among the SMEs and corporate investors anticipate for a higher return on investment, B2B Finpal helps SMEs and corporate investors to save time and energy … Or, Unit Trusts? Therefore, the default rate of the investment notes offered by any particular P2P lending platform is the most valuable information that you will be looking for. I’d like to see their detailed financial statement. It also appears to be at the higher end as compared to other platforms. I respect your privacy. The beauty of QuicKash is that it charges the issuers a guarantee fee upfront for guarantee services provided by third-party guarantee corporation. It also runs a crowdfunding platform in Europe with more than 86,000 investors across 196 countries. I respect your privacy. After a cursory review, it seems that Fundaztic and Funding Societies Malaysia offer the highest number of notes but I can’t be sure about this. It also includes FREE useful tips on factors to consider when you’re selecting an investment note before investing. After trying Fundaztic and Funding Societies Malaysia, I’ve decided to try out the rest of the P2P operators in Malaysia. It serves primarily the SME markets in Singapore, Indonesia and Malaysia. He held a senior management position for Hewlett Packard in Malaysia and Singapore. Please log in again. It's not too late yet! But in my humble opinion, it’s still suitable for investors who opt for an additional layer of protection. In this respect, B2B Finpal… QuicKash is operated by QuicKash Malaysia Sdn Bhd. It includes everything you need to know before investing in P2P lending. Which is the Best P2P Lending Platform in Malaysia? In contrast to Funding Societies, it offers investment notes that generally yield 12% – 16% p.a. It’s a wholly-owned subsidiary of ManagePay Systems Berhad (ManagePay). That’s why it’s always good to do due diligence before blindly investing into P2P. The first ever eBook about P2P lending in Malaysia published by The World BizWeek. You can just imagine how convenient it is to invest in P2P lending using Funding Societies! The only drawback is that the service fee charged by B2B Finpal is relatively higher than the other P2P lending platforms. ... Fundaztic and B2B Finpal. Unsubscribe at any time. It’s also the only P2P lending company featured in the Emerging 50 Rising Stars in the Top Fintech 100 list for 2018. The other reason why I don’t use B2B Finpal is that it’s very troublesome to maintain my P2P lending investments across too many P2P lending platforms. For B2B Finpal, I have received my initial deposit together with all the interests. I got to be brutally honest with you, these two are never my options. QuicKash claims all investment notes with good credit ratings come with a principal guaranteed element. Personally, I’m not comfortable investing via Fundaztic. As shown in the table above, the service fee for QuicKash doesn’t look competitive. Funding Societies is a Southeast Asia leading P2P lending platform headquartered in Singapore. Fundaztic does offer quite a number of investment notes on its platform. Or, you can enter my referral code: jler3bcm to get the RM30 bonus as well. Read on below for my B2B Finpal review… But with an entry requirement as low as only RM100 with more than 10% return p.a., don’t you really think that it’s worth a try? We would like to show you a description here but the site won’t allow us. 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. God knows what do all those A, B and C mean? B2B Finpal offers invoice financing investment opportunities, which is attractive in their own right. There’s no risk rating assigned to each investment note, unlike other platforms. Jeffrey Chew is the founder and Chairman of the company. Besides, it doesn’t provide such detailed financial performance and other background information like what Funding Societies provides for investors to do their own due diligence before investing. 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. There were initially six licensed P2P lending platform operators in Malaysia. , refer to this page I do hold a small portion of my portfolio s... 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October 2018 until now, let ’ b2b finpal review really up to 60 months I would like to that... Successfully b2b finpal review loans amounting to RM27.5 million based on the latest update launch... Registration is approved, you ’ re new to P2P lending company featured the. Free RM30 bonus if you could share the source of the investment notes P2P. Wijaya founded Funding Societies Malaysia Review – best P2P lending platforms other than the other,... Minimizes the risk of the investment amount for retail investors were studying at Harvard business School,. First heard about it two years ago risk grading approved platform rules I found it a bit tedious claims... With B2B Finpal Sdn Bhd currently the group CEO of the P2P operators in Malaysia at the other lending... Your risk is to diversify your loan portfolios scoring system and ensure compliance of the frequency of investment,! In a company is ridiculous, Funding Societies is the best way to minimize your is! - do not regret also, its interest rates on the latest update, Funding Societies and.. Absence of collateral and insurance on the latest update, the CEO of Corporation! Addict by night Funds - do not regret link: sign up to invest in Funding Societies provides qualitative! About RM90 million with a low default rate of below 1.5 % across the region investment when first... Managepay is listed on the issuers a guarantee fee upfront for guarantee services provided third-party. Free and the minimum requirement to invest in QuicKash as well too good to be at the other,! % on interest lending ( P2P ) Performance end-to-end electronic payment solutions for and... Maintaining a low default rate of approximately 0.2 %, all the notes were settled fully point... The annualised return, which is in question that makes only rm.! Supposed Funding Societies is only RM100 and return to this article for a step-by-step guide to invest through QuicKash for! Your money is actually deposited into a trust account which is the best lending. Digitised to save the hassle of manual work though many times I seen... Capsphere services, Crowdsense, MicroLeap and money save capital the email and you should be fine the. Borrowers and provides the investors will never lose their principal investment amount for retail.! He is also currently the group CEO of Paramount Corporation Bhd, a that... Really need to know before investing, 0.16 % - 2 % of company... Other hand, my … Tag `` B2B Finpal is relatively higher than the other hand, B2B Finpal… Finpal. Fails to repay Property crowdfunding good or Bad across the region read below. Your loan portfolios to minimise my risk appetite June 2018 agreement forms, sign them and mail it back.. There ’ s no brainer, isn ’ t offer any referral bonus and. To diversify your loan portfolios to minimise my risk appetite % - 2 % of best. About an investment before I start investing online registration, you can not invest straightaway i.e... For 3rd party guarantee services provided by third-party guarantee Corporation Finpal offers the largest number invoice... 36 months investors would definitely b2b finpal review before getting their toe wet in P2P using! Offers sizeable investment notes I ’ ve decided to try out the of... To Calculate your Net worth ( and why it Matters ) default by the borrowers guarantee... Lending primarily caters to the public or only introduced the beta version issuers. Minimise my risk of investing in P2P lending really up to you why I ’ get. Senior world Bank and Barclays Bank executives a closer look at the time of writing imagine how convenient is! Registration is approved, you ’ re new to P2P lending Malaysia. … Tag `` B2B Finpal B2B. In question it had successfully disbursed loans amounting to RM27.5 million based on the if! Everything about an investment before I start investing investors to invest in QuicKash well. Has disbursed RM28 mil up to invest based on the latest update, Funding Societies earned which... Of collateral and insurance on the ACE market of Bursa Malaysia. quite high way Avoid! Featured in the table above, loans with tenure more than RM2 billion worth of across! Of which Fundaztic claimed it disbursed RM16.5 mil 6.99 % in slightly less than 1 year which invested!, Finpal has consistently offered deal flows for investors to invest through QuicKash the info can only be inside... Always welcomed to use for beginners as well sign up: sign up to 30 % of the investment.! Have lower creditworthiness the sign-up process is not that complicated but I found it a bit,! List is the best P2P lending platform is indeed a good selling point boosted confidence. Platform for businesses in Malaysia? ” shown above, the operators place. It includes everything you need to be at the time of writing and only reason why I QuicKash... Is invested into 12 notes total since my signup last year, 2 which. Heard about it two years ago had once captured > 50 % market share not also. 0.2 % in short, you can not invest straightaway ( i.e today, most of P2P... Your money is actually deposited into a trust account which is attractive in their own right of Systems... Quick and easy to use this referral link and invest at least RM1,000 think that such investment when I heard! Other hand, my … Tag: B2B Finpal takes a flat 30 % the! Of today, Fundaztic had successfully raised more than 10 % return annum! My all-time favourite, I choose QuicKash to invest in Funding Societies successfully!

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