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> P2P financing, A place to talk about P2P financing (Investment)

Jeffrey46
post Oct 6 2017, 05:50 PM, updated 2 months ago

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P2P Financing (crowdfunding) Malaysia

Latest update about P2P Financing
QUOTE
KUALA LUMPUR (Dec 26): Malaysia’s peer-to-peer (P2P) financing industry is expected to continue to thrive and is anticipating to disburse RM300 million in financing next year.

Funding Societies Malaysia Chief Executive Officer Wong Kah Meng said this was in comparison to the RM100 million disbursed in 2018.

“The growth is driven by increasing awareness on the scheme and the supportive budget initiatives from the government.

“The awareness of P2P financing has increased since the issuances of operating licences to six platforms in November 2016. We are projecting a RM300 million growth in 2019 in view of strong demand from both the small and medium enterprises (SMEs) and investor communities,” he said in a statement today.

sources: The Edge: Funding societies anticipate big jump in P2P financing next year
What is P2P Crowdfunding?

QUOTE
Peer-to-peer lending (P2P) is a method of debt financing that enables individuals to borrow and lend money - without the use of an official financial institution as an intermediary. Read more: Peer-To-Peer Lending (P2P) http://www.investopedia.com/terms/p/peer-t...p#ixzz4uyfENVGr Follow us: Investopedia on Facebook


SC Malaysia has approved 6 operators to run P2P business in Malaysia in 2016.
Source: SC Official Website

The six operators are:
1. Funding Societies
2. Fundaztic
3. B2bfinpal
4. Fundedbyme
5. Quickash
6. Nusa Kapital

Are crowdfunding and P2P lending good investments?

Am wondering how many P2P investors are there in Lowyat?

This post has been edited by Jeffrey46: Jan 4 2019, 01:01 PM
CE|C93
post Oct 6 2017, 05:52 PM

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Invested with Fundaztic.

Last I heard, only 3 are operational now
Orzie
post Oct 6 2017, 05:54 PM

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QUOTE(Jeffrey46 @ Oct 6 2017, 05:50 PM)
SC Malaysia has approved 6 operators to run P2P business in Malaysia in 2016. SC Official Website

The six operators are:
1. Funding Societies
2. Fundaztic
3. B2bfinpal
4. Fundedbyme
5. Quickash
6. Nusa Kapital

Am wondering how many P2P investors are there in Lowyat?
*
Newbie here, joined Fundaztic.
frankliew
post Oct 6 2017, 09:29 PM

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What i dun like fundaztic is interest low and no mention checking director background payment ccris. while funding societies is different
ronho
post Oct 6 2017, 10:55 PM

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thought got another thread already??

p2p Financing / Crowdlending in M'sia
CE|C93
post Oct 7 2017, 11:03 PM

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QUOTE(frankliew @ Oct 6 2017, 09:29 PM)
What i dun like fundaztic is interest low and no mention checking director background payment ccris. while funding societies is different
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Approx. 14% EFF per note is consider low for you?
Azurika
post Oct 8 2017, 08:37 PM

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fund societies have very few funds compared to fundaztic ..... nothing now to put $$ in lol
heavenly91
post Oct 8 2017, 09:45 PM

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Thanks for this thread.
Didn't know got such investment scheme.
Jeffrey46
post Oct 9 2017, 11:11 AM

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QUOTE(arimachong @ Oct 9 2017, 10:59 AM)
Is it safe? How much you invested?
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The risk of default, as in you won't get your principal back.
But you can mitigate it by diversifying your p2p portfolio across all the companies on the platforms.
Jeffrey46
post Oct 9 2017, 11:12 AM

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QUOTE(CE|C93 @ Oct 7 2017, 11:03 PM)
Approx. 14% EFF per note is consider low for you?
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Funding Societies EFF is higher tho. 20+ % blink.gif

Business Term Financing [ID: MBBT-17090045]

Industry : Manufacturing
Funding amount : RM 200,000
Tenor : 12 month
Simple interest rate p.a. : 12.5% p.a.
Effective interest rate p.a. : 22.32% p.a.
Minimum investment amount : RM 100
Date / Time Crowdfunding : 9/10/17, 4pm
Service fee : 2%

This post has been edited by Jeffrey46: Oct 9 2017, 11:13 AM
CE|C93
post Oct 9 2017, 04:23 PM

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QUOTE(Jeffrey46 @ Oct 9 2017, 11:12 AM)
Funding Societies EFF is higher tho. 20+ % blink.gif

Business Term Financing [ID: MBBT-17090045]

Industry    :  Manufacturing
Funding amount  :  RM 200,000
Tenor  :  12 month
Simple interest rate p.a.  :  12.5% p.a.
Effective interest rate p.a.  :  22.32% p.a.
Minimum investment amount  :  RM 100
Date / Time Crowdfunding  :  9/10/17, 4pm
Service fee    :  2%
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Ooh, I see. and the tenure and funding amount not that high too.

Worth to have a look. Although service fee for Fundaztic is 1% for now.
CE|C93
post Oct 9 2017, 04:30 PM

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QUOTE(arimachong @ Oct 9 2017, 10:59 AM)
Is it safe? How much you invested?
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What is your definition of safe?

I started few months ago and till now, I have received the 2nd monthly repayment for two of the notes invested.

What attracts me is the min amount I can invest is just RM50.

But risky in the sense that once you are invested and the amount is disbursed, you will receive repayment monthly and so no early repayment unless initiated by the borrower.

frankliew
post Oct 9 2017, 05:57 PM

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FINISHED ALL IN 15 MINUTES.
AND NETT RATE ALMOST 10.25%


QUOTE(CE|C93 @ Oct 9 2017, 04:23 PM)
Ooh, I see. and the tenure and funding amount not that high too.

Worth to have a look. Although service fee for Fundaztic is 1% for now.
*
ronho
post Oct 9 2017, 06:01 PM

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so fast ???
frankliew
post Oct 9 2017, 06:11 PM

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What i see is good for diversify as i see they default rate quite low at 1.6%
frankliew
post Oct 9 2017, 06:15 PM

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And the tenure is short, 1 month-18 month, currently got 10 notes on hand, steady and some still got 1 month pay off already.
CE|C93
post Oct 10 2017, 12:25 PM

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For Fundaztic, their current policy is not more than 200k and no longer than 36 months.

So the risk is cap to a certain extent.

Read their business plan and think whether they will make money going forward or not. Dont just blindly invest based on EFF alone.
#Victor
post Oct 11 2017, 11:51 AM

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Anyone heard of Crowdo? Does this reliable like FS?
2387581
post Oct 11 2017, 05:18 PM

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QUOTE(#Victor @ Oct 11 2017, 11:51 AM)
Anyone heard of Crowdo? Does this reliable like FS?
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according to securities commission, crowdo is an equity crowdfunding platform.
should you wish to do any investment in ECF or P2P, just stick to those companies listed, as they are the only ones licensed to operate. Others are likely scams.
https://www.sc.com.my/digital/list_rmo/
2387581
post Oct 11 2017, 07:55 PM

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QUOTE(arimachong @ Oct 11 2017, 05:35 PM)
Singapore crowdfunding has this offer too?
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I do not use FS singapore, but you may refer to singapore's version of the website. AFAIK they are two separate entities/websites/accounts whereby companies in each country uses the platform respectively. Maybe has something to do with MAS and SC regulation.

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