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.
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.
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.
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?
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, 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’).
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 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.
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.
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.
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.
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 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.
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.
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”.