News

Asset Quality of P2P Players Remain Intact

Despite the onslaught of the Covid-19 pandemic, we have been able to ensure our asset quality remains sound.

Paramount Invests Into P2P Financing Platform

KUALA LUMPUR (April 15): Paramount Corp Bhd’s wholly-owned Magna Intelligent Sdn Bhd is investing in a peer-to-peer (P2P) financing platform by acquiring a 30% stake in Omegaxis Sdn Bhd.

Paramount invests in P2P platform

KUALA LUMPUR: Paramount Corporation Bhd, via wholly-owned Magna Intelligent Sdn Bhd, is investing in a peer-to-peer (P2P) financing platform as its entry point into financial technology (fintech) sector.

Way Forward With Alternative Funds

While managing their regular operations, companies will also need to gradually invest in research and development, possible diversifications and expansion, and ongoing digitalization to ensure that their products, services, and business models remain competitive in the new normal.

Fundaztic – What’s Next After Record 3Q Growth?

Does Fundaztic plan to apply for a digital banking license, sell out to a financial institution, list on the ACE Market, or issue Islamic investment notes?

MUV and Fundaztic in Tie-up to Offer Collateral-free Financing

KUALA LUMPUR, Nov 19 — Malaysia’s largest used-car marketplace, MUV, has partnered with peer-to-peer (P2P) investment platform Fundaztic to offer RM1 billion in financing to registered car dealers.

Fundaztic Partners With Lazada For Zero-Interest Financing for E-commerce Businesses

Fundaztic, a peer-to-peer financing (P2P) platform, partners with Lazada to deliver an interest-free financing program for Lazada sellers under the government’s ePENJANA initiative for Micro, Small, and Medium Enterprises (‘MSME’).

Fintech: First secondary market for P2P financing in Malaysia

Peoplender Sdn Bhd, the operator of peer-to-peer (P2P) financing platform Fundaztic.com, launched the country’s first secondary market for P2P financing on July 20. It allows the platform’s investors to cash out from their existing investments or to buy more notes to enhance their returns, says CEO Kristine Ng.

Fundaztic Launches Malaysia’s First Peer-to-Peer Financing Secondary Market

Fundaztic a P2P financing platform operator, has officially rolled out their secondary market. This offers over 20,000 members of Fundaztic the opportunity to trade their existing notes with one another, this allows the, adjust their portfolio strategy and increase their flexibility in the management of their cash flow.

P2P platforms can provide stopgap financing for SMEs

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.

Cover Feature: P2P players taking steps to mitigate impact of slowing economy

Most of the peer-to-peer (P2P) financing platform operators in Malaysia were already prepared for a slowing economy before the outbreak of Covid-19, having observed signs that a slowdown could occur since the middle of last year.

IN NINE months from December 2018, the peer-to-peer (P2P) lending space has grown by 150% with 1,560 successful issuers, US$125.93 million (RM521.7 million) raised, and 6,222 successful campaigns. These numbers were presented at SCXSC2019, Securities Commission Malaysia’s annual fintech conference.

Exciting Times Ahead For P2P and ECF

KUALA LUMPUR: Fundaztic.com, a peer-to-peer (P2P) financing platform, is aiming to raise RM80 million funds for the micro and small and medium enterprises (MSMEs) this year from the current RM55.56 million.

P2P financing is booming in Malaysia

Adoption of peer-to-peer (P2P) financing has skyrocketed in Malaysia – this year RM159.56mil was raised, up from just RM17mil last year. Fundaztic chief executive officer Kristine Ng Wri Miem reveals P2P has been driven largely by younger users, as 59% of its investors are under 35.

Malaysian P2P Financing Startup Fundaztic Secures RM3 Million in Less Than An Hour Through Crowdfunding Platform pitchIN

Fundaztic, a Malaysia-based peer-to-peer financing startup, reportedly secured RM3 million (approximately US$722,000) in 38 minutes on a crowdfunding platform, pitchIN.

PEOPLENDER, the operator of the Fundaztic P2P Financing platform, has become the fastest ever funded equity crowdfunding deal in Malaysia. The company raised RM3 million (US$720,490) in just 38 minutes on Malaysia ECF platform pitchIN.

FUNDAZTIC is a Malaysian P2P financing platform registered with the Securities Commission (SC) of Malaysia. Working together with CTOS, a Malaysian Credit Reporting Agency, Fundaztic has introduced efforts to increase members’ awareness of their credit score and cultivate good credit behaviour.

OCBC Partners up with P2P Lender Fundaztic to Enhance Financing Access for SMES

OCBC Bank and Fundaztic, P2P lending platform licensed by the Securities Commission have entered into a collaborative agreement to enhance access to financing for micro, small and new businesses which forms the largest base of SMEs in the country currently facing difficulty to obtain funding for business growth.

OCBC Bank, Peoplender to enhance SME access to financing

KUALA LUMPUR (June 25): OCBC Bank (Malaysia) Bhd has teamed up with Peoplender Sdn Bhd to enhance access to financing for micro, small and new businesses.

AXA Affin, Peoplender offer SMEs insurance protection, alternative funding

KUALA LUMPUR (March 27): To address the issues of lack of business protection and capital constraints among small and medium enterprises (SMEs), AXA Affin General Insurance Bhd (AAGI) has teamed up with Peoplender Sdn Bhd, which operates a peer-to-peer (P2P) financing platform known as “Fundaztic”.