Unfortunately, QuicKash doesn’t offer any referral bonus. As of January 2018, it is the second largest player in the local … To review and rebalance our portfolio, first we would need to know the performance of our investments. Will I continue to build a portfolio here? Thanks! It serves primarily the SME markets in Singapore, Indonesia and Malaysia. It deducts directly from the financing amount. Refer Best Way to Avoid Risk of Investing in P2P Lending Malaysia. 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. If you have a higher risk preference, Fundaztic can be one of your options. The list is the compilation of the best FinTech innovators from around the world. It’s no brainer, isn’t it? Read on below for my B2B Finpal review. B2B Finpal offers invoice financing investment opportunities, which is attractive in their own right. Here’s the quick snapshot of the investment notes: Nusa Kapital is not any better. B2B Finpal Review. Malaysia first to regulate P2P … That’s why it’s always good to do due diligence before blindly investing into P2P. Many people think that such investment sounds too good to be true. Unsubscribe at any time. The first ever eBook about P2P lending in Malaysia published by The World BizWeek. (2) To review new policies and procedures which will be applied for PT. QuicKash offers most of the investment notes that come with a principal guaranteed element. only. It’s a wholly-owned subsidiary of ManagePay Systems Berhad (ManagePay). Amanah Saham (ASNB) Funds - Do not regret. But the biggest problem is that Alixco offers extremely limited investment notes with small amounts. B2B FinPal is operated by B2B Finpal Sdn Bhd. But most of the investment notes I’ve browsed through typically range from 12 to 36 months. About the … Therefore, I will only include the review of these P2P lending platforms in time to come. But I hesitated. You can even set your own ‘risk grade’ to tune your exposure to investment notes based on their risk grading. Based on the Fundaztic report card 2017/2018, total loan disbursement under P2P operators up to 30 June was RM80.28 mil. Next in line is B2B Finpal. If you are interested, refer to this article for a step-by-step guide to invest in Funding Societies. 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. In this respect, B2B Finpal… Er says the issuer had defaulted on its payment due to a major flood that affected the country’s northern states … Subscribe to our weekly newsletter to get the latest articles straight in your inbox. 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. It’s a Swedish-based company. Pingback: Amanah Saham (ASNB) Funds - Don't regret. This is definitely a BIG deal for me. Based on the latest update, Funding Societies had successfully disbursed more than RM2 billion worth of loans across the region. Besides, QuicKash doesn’t impose a limit on the investment amount for retail investors. After trying Fundaztic and Funding Societies Malaysia, I’ve decided to try out the rest of the P2P operators in Malaysia. Now, let’s take a closer look at the other P2P lending platforms. You may be puzzled as to why will I choose QuicKash to invest in P2P lending. The login page will open in a new tab. Though the world’s first regulated Shariah-compliant P2P lending platform is indeed a good selling point. Funding Societies provides a qualitative aspect of the investment notes based on its analysis on the issuers. It also appears to be at the higher end as compared to other platforms. 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. Share 0. With the sophisticated risk algorithm and extensive SME experience, our financial ecosystem connects the SMEs with investors to quick and easy financing … The beauty of QuicKash is that it charges the issuers a guarantee fee upfront for guarantee services provided by third-party guarantee corporation. RM30 is equivalent to a 3% return on your initial capital of RM1,000. After trying Fundaztic and Funding Societies Malaysia, I’ve decided to try out the rest of the P2P operators in Malaysia. And I hope that whatever I’m sharing here based on my thorough research and personal experience would be helpful to you. For B2B Finpal, I have received my initial deposit together with all the interests. The Operator … Doctor by day, personal finance addict by night. The above 2 operators have already captured approximately 55% of the P2P market share not to mentioned other operators. I respect your privacy. B2B Finpal is one of six P2P financing platform operators licensed by the Securities Commission Malaysia (SC). It had successfully disbursed more than RM2 billion in aggregate regionally with a low default rate of below 1.5% across the region. By Fiholic 03/11/2020 23/11/2020. The risk ratings that are made up of alphanumeric characters disclosed in other platforms may not be sensible to everyone. In addition, Our Auto Invest … FundedByMe also operates equity crowdfunding platform as approved by SC Malaysia. Funding Societies has a very impressive track record of successfully maintaining a low default rate of below 1.5% since day 1. Out of which Fundaztic claimed it disbursed RM16.5 mil. SUBSCRIBE. Would be great if you could share the source of the Fundaztic report 2017/2018 for the readers as well. The main reason is that the tenure of the loans is too long and it doesn’t fit my risk appetite. (Read Funding Societies Malaysia Review – Best P2P Lending Platform in Malaysia.) B2B Finpal is in the process of recovering a defaulted payment by bringing the issuer to court. 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. Though the investment opportunities are not as high as Funding Societies, B2B Finpal offers quite a fair number of investment notes. Let’s dive right in. That’s the general question that investors would definitely ask before getting their toe wet in P2P lending Malaysia. I promise I won't sell you bullshit. It commenced its operations in July 2017. A P2P operator also needs to put in place a diligent risk scoring system and ensure compliance of the SC approved platform rules. And let me explain to you why I’m not using other P2P lending platforms other than Funding Societies and QuicKash. Ethis Kapital Sdn Bhd operates Nusa Kapital. It clearly proves that Funding Societies has implemented its due diligence and credit assessment processes effectively. Tag: B2B FinPal. 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. On the other hand, my … I got my RM1000 deposit confirmed within 2 hours. “Which is the best P2P lending platform in Malaysia?”. Jeffrey Chew is the founder and Chairman of the company. Pingback: FundMyHome - Property Crowdfunding Good or Bad? It’s also the only P2P lending company featured in the Emerging 50 Rising Stars in the Top Fintech 100 list for 2018. 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. B2B FinPAL, founded by Dr Lee Thean Seong, is a subsidiary of B2B Commerce Sdn Bhd. I wish the whole process could be digitised to save the hassle of manual work though. It charges the investors a service fee equivalent to 30% of the interest earned. 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 … I was very skeptical about such investment when I first heard about it two years ago. They are CapitalBay, Capsphere Services, Crowdsense, MicroLeap and Money Save Capital. Or, you can enter my referral code: jler3bcm to get the RM30 bonus as well. If you’re new to P2P Lending Malaysia, read my comprehensive article on that first. Having considered the high probability of default as shown above, loans with tenure more than one year definitely amplifies the risk of default. 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. B2B FinPal Indonesia; After having approval from OJK to operate: Credit (1) To oversee the underwriting of all loans in Indonesia … Unsubscribe at any time. I have updated my post accordingly and included the sources for the loans disbursement amounts for readers’ reference. My return is 6.99% in slightly less than 1 year which is invested into 11 different notes. 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. As with all things, there are certain risks involved when … It’s a provider of end-to-end electronic payment solutions for banks and financial institutions, merchants and card issuers in Malaysia. He’s also the chairman of the Islamic Fintech Alliance. This is the part where I have major issues with the platform. There were initially six licensed P2P lending platform operators in Malaysia. The personal guarantees reduce the risk of default by the borrowers. I’m pretty sure that’s what you’re doing right now as a rational investor! Besides, the operators must place the amounts deposited by both investors and issuers in a 3rd party trustee account before making any disbursement. Real cheating. I’d like to see their detailed financial statement. However, the investment opportunity that QuicKash offers is significantly lower than Funding Societies. Sign up is free and the minimum requirement to invest in Funding Societies is only RM100. QuicKash is operated by QuicKash Malaysia Sdn Bhd. What other investment options that are more attractive to you? In contrast to Funding Societies, it offers investment notes that generally yield 12% – 16% p.a. Alixco is operated by FundedByMe Malaysia (FBM Crowtech Sdn Bhd). For obvious reasons, I choose QuicKash to diversify my loan portfolios to minimise my risk of investment. More than 10% per annum? Interestingly, he is also currently the Group CEO of Paramount Corporation Bhd, a company listed on the Main Market of Bursa Malaysia. I find some of the profit of a company is ridiculous. Invest in yourself is the key to success! A Complete Review of P2P Lending Platforms in Malaysia (2019) September 28, 2018 Mar, Desmond INVESTING, Peer-to-Peer Lending (P2P Lending) 6 comments. Trying to deposit fresh funds was a bit disappointing, as there is no integration with any major online payment processors such as FPX. It's not too late yet! For those who are interested, you’re always welcomed to use this referral link: Sign up to invest in Funding Societies. This is not something new, all other major P2P platforms have something similar. First off, I’ll start with Alixco and Nusa Kapital. It is clearly evident by its much higher default rate of approximately 3% as compared to Funding Societies’. But in my humble opinion, it’s still suitable for investors who opt for an additional layer of protection. The first impression I had upon logging into the website was how bare-bones it was. QuicKash claims all investment notes with good credit ratings come with a principal guaranteed element. 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. I did not jump in right away despite the irresistible returns. The only drawback is that the service fee charged by B2B Finpal is relatively higher than the other P2P lending platforms. 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 also has a mobile application with excellent user interface designs. 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. Yes, I know. After the usual online registration, you’ll have to print out some agreement forms, sign them and mail it back. 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. After your registration is approved, you will have to deposit at least RM1000 to activate your ‘virtual account’. Pingback: Why Funding Societies is the Best P2P Lending Platform in Malaysia? 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. Based on SC guidelines, a P2P lending operator must be incorporated under Companies Act 1965 with a minimum paid-up capital of RM5 million. 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. The most obvious reason is that Funding Societies is the first and largest P2P lending platform in Malaysia. Pingback: How to Calculate Your Net Worth (And Why it Matters). 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). In this respect,B2B Finpal… B2B Finpal offers the largest number of invoice financing notes to-date. 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