So that you can invest anytime, anywhere with just a click of a few buttons using the mobile app. Just in case you don’t remember, always sign up an account using a referral link – Sign up now. Funding Societies is one of the eleven licensed P2P lending platforms regulated by Securities Commission Malaysia. Based on all the P2P platforms above, Funding Societies has the most listings followed by CapBay and Fundaztic. FUNDING SOCIETIES is the leading P2P lending platform for SMEs in Singapore, Indonesia and Malaysia. It serves primarily the SME markets in Singapore, Indonesia and Malaysia. The auto-investment tool makes everything easy and convenient for those with never-ending busy schedules. Besides that, they offer shariah-compliant notes besides the conventional notes. Accounts receivable – 15% of interest repayment You’ve made your first investment in P2P lending. You can read it here at ‘FAQ for Principal Protect’. P2P Lender microLEAP Receives RM3.25 Million Funding From MAA Group. Or, Unit Trusts? P2P Lending. Especially when every piece of information including the historical results and actual data are all easily accessible at your fingertips! But I believe that you as a brilliant investor can form your own judgment based on all the information available. Read 100% Unbiased Peer to Peer Lending Reviews. Here’s a sample of the factsheet. way for individuals or businesses to request funds from investors via a digital platform Funding Societies offers high frequency and sizeable investment notes. From the Default Notification, I had learned: After you have signed up, they will credit a random number to your bank account. In other words, the borrowers’ due diligence and credit assessment processes in place are working effectively. Documents required: IC. Already they are the largest regional P2P financing platform in Southeast Asia, connecting creditworthy SMEs with retail, high net worth and institutional investors. Imagine now you’ve invested RM5,000 in an investment note with 10% simple interest and 12 months maturity. The first P2P platform Zopa was launched in the United Kingdom in 2005 and the industry quickly grew to multi-billion dollar volumes in a few years. Funding Societies also provides information about the Directors’ credit strength, company background and litigation exposure if any. You can always ask questions and find answers to your burning questions about investing in P2P lending through Funding Societies. “Which is the best P2P lending platform in Malaysia?” In my earlier post, I shared a few reasons why Funding Societies and QuicKash are my preferred ones. You can only sign-up via their QuicKash app as per the instruction below. Register Now! Required fields are marked *. Buat kamu yang belum tahu, P2P Lending adalah salah satu instrumen investasi berisiko menengah – tinggi yang memiliki cara kerja kurang lebih sama seperti bank, yaitu mempertemukan antara pendana (lender) dan peminjam (borrower). Even if you’re not using my referral link, that’s Okay! Also, neither it requires specialized financial knowledge, nor it needs day-to-day monitoring. Among all the platforms, Funding Societies currently has the highest number of active notes. Our goal is to provide insights & knowledge on crowdfunding with particular focus on peer-to-peer lending … Capsphere is an asset-based P2P platform. If it cannot be recovered, then it will wipe out almost all of my interest earned. You can easily see what risk reduction items a note has in the listing page here. You can actually provide unsecured loans to entrepreneurs in Singapore and the region through Peer-to-Peer (P2P) lending platforms, and receive interest on the funds you put in. It provides commentary disclosures about the potential risks of the investment notes based on the in-house analysis. They have risk grading from A (lowest risk) to D (highest risk). Fees: 20% for investments less than 12 months; for investments more than 12 months, there will be 2% charge on principle only. In its most basic form, the platform allows everyday investors to gain exposure to the global loan space. The RM3.25 million will be used for advertising and. At the time of writing, the default rate is only a mere 1.24%. Key in the following details: Once done, it will lead you to the next page and you’ll need to key in your personal details: d) Citizenship & NRIC number. The market share data in this article was taken from Malaysia's P2P lending platform performance review done by Fintechnews.my. P2P lending in Malaysia has been growing at an exponential pace since its emergence in 2016. Kuetzal in liquidation; END-OF-YEAR BOOM with + 25.97% for the stock market portfolio and + 15.92% for the crowdlending portfolio (review December 2019) Best month with + 14% in crowdlending and stock market and 1 new cryptocurrencies portfolio The SME Finance Forum, which was established by the G20 Global Partnership for Financial Inclusion in 2012, estimates that 9.22% of Malaysia’s SMEs are financially constrained. In short, after lending RM 1,000, I had received a total of RM 279.30 where the principal recovered was RM 249.99 and interest income was RM 29.31. CapBay Select  – in this program, you will be invested in lesser notes which are less risky for returns up to 12% p.a. When you invest RM1000, both you and I will get free RM30 for investment. In my previous post, I compiled the ECF and P2P platforms in Malaysia that are registered with Securities Commission Malaysia (SCM). Below is the list of P2P platforms again for easy reference: CapBay is specialized in the Supply Chain Financing platform. P2P Lending. financial institutions like banks) and allows very young companies or SMEs with a brief credit history to crowdfund and raise money. Funding Societies auto-calculates the income and expenses for your investment portfolio. Funding Societies is a P2P financing platform registered with Securities Commission Malaysia. The return on investment of P2P lending can be between 10 and 18% which is a lot higher for your money as compared to almost every other forms of investments. 10 talking about this. If you do proceed with Funding Societies, please register via the link below or use the referral code. In contrast to the monthly repayment method, at least you’ll get back a portion of your principal on a monthly basis on top of the interest earned. Once in a while, Fundaztic will have promo campaigns which will net you reward when you sign up via a referral code. Besides, the sign-up process is very fast and straightforward. 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. Choose the financing type that you want to invest. Fixed deposits? Browse through the most visible platforms using IDR, ILS, JPY, SGD, KRW & much more! Nusa Kapital is a shariah-compliant P2P platform. However, do take note that there is a withdrawal processing fee of RM1. “TADA!” Congratulations! Funding Societies will notify you when your money is allocated to any particular investment note. Accounts Receivable Financing (MBTF/MBIF), First Step to Frugalavish Lifestyle – Clear Debts, A Trip to the States – Work and Travel USA, Melbourne Has The World’s Best Croissant And Pie, The Bali Breakup Curse and My 5 Traveling Tips in Bali, 20% for investments less than 12 months; for investments more than 12 months, there will be 2% charge on principle only. Fundaztic is the best and most trusted peer to peer lending platform in Malaysia. Which is the Best P2P Lending Platform in Malaysia? It's not too late yet! Now you’ve to wait for Funding Societies to verify and approve your account registration. 5 Reasons Why Funding Societies is the Best P2P Lending Platform in Malaysia, A Step-by-Step Guide to Invest in P2P Lending via Funding Societies, Download FREE eBook – The Ultimate Guide to Investing in P2P Lending (89 Pages), complete review of all P2P lending platforms in Malaysia, risks of investing in P2P lending Malaysia, best way to avoid risk of investing in P2P lending Malaysia, A Complete Review of P2P Lending Platforms in Malaysia (2019), Frequently Asked Questions (FAQs) on P2P Lending 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. P2P Lending is steadily gaining popularity in Malaysia, and not just because it is seen as a good way to keep the economy blooming by encouraging the growth of Small and Medium Enterprises (SMEs). But there is 1 note that has defaulted and is in recovery status. If you have not signed up, please use the link or referral code below to sign up via website or app. What’s an investment opportunity in P2P lending? microLEAP, Malaysian platform that offers both Islamic and Conventional Peer-to-Peer (P2P) financing, announced a successful RM3.25 million funding round, made up of RM1.25 million in equity and a RM2 million advance. Let’s dive right in. Reviews of P2P Platforms in Malaysia updated on December 7, 2020 November 3, 2019 Leave a Comment on Reviews of P2P Platforms in Malaysia In my previous post , I compiled the ECF and P2P platforms in Malaysia that are registered with Securities Commission Malaysia (SCM). Adoption of peer-to-peer (P2P) financing has skyrocketed in Malaysia – this year RM159.56mil was raised, up from just RM17mil last year. To conclude our Mintos review, we want to address the fact that Mintos is one of the best platforms we have ever tested. It’s HIGHLY advisable to read the factsheet to find out everything about the investment note before you invest. FUNDING SOCIETIES Review: Peer to Peer Lending group page. There are two types of repayment methods – bullet repayment and monthly repayment. It’s now all over to you…I’m no expert in investing. There are 8 risk reduction items which can give you incentive rate of up to maximum of 8%. Generally, it includes the audited financial information and also the current year management accounts. After looking at the nitty-gritty and comparing all angles against other P2P lending platforms, I definitely vote for Funding Societies as the best P2P lending platform in Malaysia. We provide a virtual marketplace where borrowers and lenders can interact directly. “Which is the best P2P lending platform in Malaysia?”. Funding Societies has also set up a community – Crowdfundtalks for all investors. Besides, your investment portfolio and account details are always accessible 24/7. It gives the investors a clear perspective to help understand the nature and underlying risks of the investment notes. Actual profits may vary depending on repayment pattern Peer-to-peer (P2P) lending enables individuals or small companies to obtain loans directly from other individuals. They will also send you daily updates as announcements via WhatsApp. It has also maintained a low default rate of below 1.5% regionally since its launch. Also, neither it requires specialized financial knowledge, nor it needs day-to-day monitoring. Cofundr is still very new as of the date of writing. With an entry requirement as low as only RM100, don’t you really think that it’s worth a try? Alternatively, you can also enter my referral code: jler3bcm to get the RM30 bonus. Even if the P2P platform suggested a note as low risk, it also has a risk to default. The business listings will state the % for Mudharabah profit sharing. On the other hand, my annualised performance in Funding Societies is 3.81%. On the other hand, Nusa Kapital and Alixco are not so active in offering notes. Recognized Market Operators) later in … Fundaztic is the best and most trusted peer to peer lending platform in Malaysia. Fundaztic - Where smart investors and entrepreneurs connect. Last but not least is the historical financial information of the company. The list is a compilation of the best FinTech innovators from around the world. Also, read this article that explains the best way to avoid risk of investing in P2P lending Malaysia. Accounts payable – up to 30% on interest repayment 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. In contrast to another scenario where XYZ has investment notes every month with similar loan terms. of each repayment The platform has its headquarters in Latvia with other offices in Mexico and Poland. Besides, Funding Societies also entered into strategic collaboration and partnerships with RHB Bank, Curlec and MoneyMatch to increase its market share as well as to streamline its business operations. The money collected from the investors is used to purchase or refinance assets by the businesses. The credibility of a P2P lending platform is more important than ever to gain trust from the investors. Lastly, I would like to warn everyone that P2P is a risky investment. First off, let me walk you through a comprehensive review of Funding Societies. Kuetzal in liquidation; END-OF-YEAR BOOM with + 25.97% for the stock market portfolio and + 15.92% for the crowdlending portfolio (review December 2019) Best month with + 14% in crowdlending and stock market and 1 new cryptocurrencies portfolio It only took me less than two days. For each investment, I limit to RM200 and I set the highest interest with the shortest amount of time. The paper also mentions that P2P lending is a type of crowdfunding that can provide alternative financing options for borrowers, such as … On the platform, you can thus support smaller Canadian companies while you yourself earn a monthly fixed-income. I’ll break it down into three parts and share with you what are the important factors to consider. If you are familiar with supply chain or would like to invest in it, this is a good platform. That gives investors the opportunities to compound their returns throughout the year. If you’ve any doubts or questions, the FAQ on P2P lending here will be helpful. Peer-to-peer lending, otherwise known as P2P lending or financing is a relatively new concept in Malaysia and the government has taken progressive steps to regulate the industry with the Securities Commission announcing the regulatory framework for P2P financing back in 2016 and the official approval of P2P financing platforms (a.k.a. Funding Societies had also successfully raised $25 million in Series B funding led by Softbank Ventures Korea in 2018. Fundaztic - Where smart investors and entrepreneurs connect. A long-established company has a lower business risk as compared to a new start-up company. This is clearly not the case. The most obvious reason is because of its promising high returns with more than 10% per annum. Review Cashwagon -Di blog ini, saya cukup banyak membahas tentang instrumen investasi Peer to Peer (P2P) lending. Transaction fee – RM0-RM3 RM30 is equivalent to 3% return on your initial investment of RM1,000 on day 1. The effective interest rate will just be a number on the paper if you don’t even have the opportunity to re-invest! And you’ve chosen a P2P lending platform XYZ. You should also pay attention to which industry the borrower is operating in. The most complete collection of P2P Lending Platforms located in Asia. My Actual P2P Lending Returns From Each Lender Posted Monthly However, their initial capital is the highest among all P2P platforms which is at RM10k. Fundaztic chief executive officer Kristine Ng … Next, I gonna share with you a step-by-step guide to invest in P2P lending using Funding Societies. The Malaysian government has also initiated the Malaysia Co-Investment Fund (MyCIF) for ECF and Peer-to-Peer (P2P) financing to increase access to financing for micro, small and medium enterprises where traditionally challenge to obtain financing to catalyse their growth. In one glance, you can easily see the expected returns and tenure as well as they list out all the basic info at the listing page. The 2nd part consists of the background information of the company and its Directors like payment history, litigation, etc. “What if I don’t get back my money?” “What if it’s a scam?” These questions were floating in my mind every night. Once you’ve decided on any particular investment note to invest, you need to key in the amount and confirm your investment. For B2B Finpal, I have received my initial deposit together with all the interests. If you sign up via a referral link, Funding Societies will credit a FREE RM30 bonus into both the referral’s and your account when you invest at least RM1,000. It's an alternative method of financing which cuts out the middleman (eg. Invest in yourself is the key to success! Amanah Saham (ASNB) Funds - Do not regret. You’ll see all the available investment notes on the platform. Besides that, they also list out the basic info such as the rate and tenure at the listing page like Nusa Kapital. You’re almost there! Reviews On Over 20 Peer to Peer Lenders. Register Now! If you are an issuer, you can take a look at this platform. https://p2p.fundaztic.com:443/generalize/regist?member=xRu6%2FR4GUgKyolUdFneABzS3lkNnXp7O. Thus, I had incurred a loss of RM 720.70 from this lending deal. (For non-Malaysians, you’ll need to key in your passport details). Also, I gonna share with you a step-by-step guide and useful tips to invest in P2P lending using Funding Societies. Before you invest, click on the PDF icon at the top right corner. You’ll get 12 equal monthly installments of RM458.33 (principal + interest). It includes everything you need to know before investing in P2P lending Malaysia. http://promo.fundingsocieties.com.my/referral-program/?r=jz8mxshj. It provides peer-to-peer (P2P) lending services, where borrowers (potential SMEs) can get unsecured business capital loans of up to SGD0,000 funded by platform lenders (individuals or institutions seeking … Interestingly, Funding Societies doesn’t assign a risk rating to each investment note, unlike other platforms. The first part comprises the general details of the investment note including the financing amount, investors’ net return and repayment schedule. Pingback: Simple Ways to Grow Money using Leverage • The World BizWeek, Pingback: Understand the Risks of Investing in P2P Lending • The World BizWeek, Pingback: Best Way to Avoid Risk of Investing in P2P Lending Malaysia, Pingback: Frequently Asked Questions on P2P Lending in Malaysia, Pingback: 5 Financial Tips You Never Learned in School | The World BizWeek, Best Way to Avoid Risk of Investing in P2P Lending Malaysia, 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. Read … Therefore, it is generally deemed safer because the asset can be sold to repay the investors in case the business liquidated. I invested into B2B Finpal and Funding Societies last year. Besides that, they have 4 main investment types which are: If you have not signed up, please use the link or referral code below to sign up via website or app. Ranked 18th on the World Banks’ Ease of Doing Business league tables, Malaysia is positioning itself as the conduit for global players to setup in Kuala Lumpur as gateway for serving P2P lending markets across Asia. For example, construction companies may not be favorable during times when the Government reduces capital expenditure. This allows borrowers to obtain loans without having to go through the strict requirements of banks. Lastly, the most interesting element of investing with MicroLEAP is that you get points for each investment. Once you logged on to your account via Funding Societies, you’ll be able to see the overview of your account. Today, I will give you a deep dive on WHY Funding Societies is the best P2P lending platform in Malaysia. Let’s get started with your first P2P lending investment. Just don’t miss the chance to get a bonus 3% guaranteed return on your investment on day 1! Before getting into the main topic of the day, let’s have a quick overview of Funding Societies’ background. Here are three reasons: 1. Last but not least, you’ve to upload your national card ID front and back (passport for non-Malaysians) for account verification. Dealer – up to 30% on interest repayment. That’s the difference between simple and effective interest. Save my name, email, and website in this browser for the next time I comment. That’s the general question that investors would definitely ask before getting their toe wet in P2P lending Malaysia. Read this article to understand the risks of investing in P2P lending Malaysia before getting started. Frankly, I was really anxious in the first few months of investing in P2P lending. It’s also the only P2P lending company featured in the Emerging 50 Rising Stars in the Top Fintech 100 list for 2018. However, you will have to invest at least 100 notes. As of today, Funding Societies had successfully disbursed more than RM2 billion worth of loans across the region. If you are looking for a pure Canadian P2P lending platform, then look no further than Lending Loop. That’s the investment factsheet. There’s a common myth where many investors think that there’s a lack of credit control in P2P lending. The most obvious reason is due to its proven track record of success in the P2P lending industry. Besides, the information on bank balances based on the latest bank statements are available as well. Of course, there’s no risk-free investment. Funding Societies Malaysia Review By Leckas on Saturday, August 11, 2018 Funding Societies ( Link ) is one of the six peer-to-peer (P2P) financing platforms recognized by Securities Commission Malaysia. Further, you can also browse through all the available investment notes together with the investment factsheets. This alternative form of investing is undoubtedly exciting. It’s more helpful to me as compared to those risk ratings that are made up of alphanumeric characters. Or enters a referral code: jler3bcm to get the free RM30 bonus. In a short span of time, Funding Societies has established a strong foothold with the following notable achievements: July 2017 – Funding Societies is the only P2P lending company from Southeast Asia included in the Prestigious Fintech 250 List. Besides that, if you opt for their auto-invest function, you are given 2 choices as below: Documents required: IC, bank statement, and utility bill. As of May 2020, there are 11 approved P2P lending platforms. You’ll learn the strategy to maximize your returns at a lower risk from investing in P2P lending. #6: What Actions Funding Societies are taking to Recover this Sum? There are several 3rd party charges to the investors such as bank charges and transaction fees as stated in their FAQ page. Funding Societies is the go-to alternative for SMEs seeking for business loans due to its strong presence in the industry. Besides that, it has number based risk rating for reference, 1 is the lowest while 5 is the highest. Many people may take it with a grain of salt, thinking that such an investment scheme sounds too good to be true. (We will get into details later.). Funding Societies’ platform is very user-friendly even for the beginners. It’s considerably very low as most SMEs seeking for alternative financing have lower creditworthiness due to lack of credit history. So that you still have a choice to opt-out before the investment note goes live. P2P Lending Last Updated on 9th December 2020 by Mark To start off this update, I need to apologize as I haven’t done a public update of the site in a couple of months because, even though the… Lender Review Your email address will not be published. The minimum investment and fees can vary between campaigns. P2P lending is when investors lend money to individuals and businesses through online platforms. On top of that, Funding Societies also rewards you for signing up as an investor. The most important reason why the Malaysian government stepped in three years ago is that the P2P lending market carries unignorable potential. Get a FREE copy now! There are 2 monthly winners and 3 annual winners which will get credit for investment. Besides that, do take note of the macroeconomic as well. Fundaztic has this unique feature where your capital will be protected up to RM10,000 (for investments less than RM100k) or up to RM30,000 (for investments more than RM100k). Do you want to brush it off as an investment alternative just like that without getting a better understanding? P2P lending generally promises higher returns than traditional investments, but investors take on higher risk as well. In the event of any default, you’ll sustain higher losses as compared to an investment note with monthly repayment method. You will need to enter the amount, Business term – 2% p.a. I hope the review of Funding Societies above help you get the feel of what’s it like investing in P2P lending. The success story of Funding Societies has busted the myths surrounding P2P lending in Malaysia. But after investing in P2P lending for months while looking at the numbers, I know that I have certainly made the right choice! And make the best of any present investment opportunity. P2P lending in Malaysia has been growing at an exponential pace since its emergence in 2016. Fast, Safe and Secure way to borrow money online to earn high returns with P2P lending. This is beneficial for investors too because the more risk reduction items a note has, the safer the note is. If you are interested, you can sign up via this link: Sign up to invest in Funding Societies. Some of the largest P2P lenders are Prosper, Lending Club, Peerform, Upstart, and StreetShares. Investors can discuss and share their experiences of investing in P2P lending. Go to investment opportunities. Funding Societies will notify you whenever there’s a new investment note. Company and its Directors with bad repayment records will expose you to a higher risk of default. The popularity of Funding Societies has surged significantly since its launch in 2017. If the business defaults, you can lose all your investment capital. Instead of 10%, you will get a much higher return of 17.97% p.a.! Funding Societies made a successful launch in Singapore and Indonesia respectively before its debut in Malaysia in February 2017. Therefore, do check on each listing before investing. (Refer FAQ here to understand the difference between the two.). This Canadian P2P platform focuses on loans to small Canadian companies. More importantly, it doesn’t cost anything for you to sign up! As a result, it has the highest investment opportunities among the P2P lending platforms. 2. Funding Societies has maintained a low default rate of below 1.5% across the region since day 1. It also has a mobile application with excellent user interface designs. My return is 6.99% in slightly less than 1 year which is invested into 11 different notes. 2017 B2B Finpal is a peer-to-peer financing platform for businesses in Malaysia. 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 framework for P2P lending in Malaysia was first issued by Securities Commission Malaysia in 2016 and Malaysia became the firsts ASEAN country to regulate P2P lending. P2P lending platforms in Malaysia All P2P lending platforms operating in Malaysia should be approved by SC as registered recognised market operators. 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