Funding Societies Malaysia Lowyat
For local smes in malaysia as of december 2017 they had successfully funded rm18.
Funding societies malaysia lowyat. Presently it is also the largest p2p operator in our nation. We specialize in all forms of short term financing for smes crowdfunded by individual and institutional investors. We pride ourselves with speed and flexibility offering the widest range of term loan trade finance and micro loan products.
About funding societies launched in 2015 our mission is to uplift societies in southeast asia by creating financial opportunities for everyone. Quick definition quotewith p2p financing you are able to seek financing from multiple retail and institutional investors at once i e. It serves primarily the sme markets in singapore indonesia and malaysia.
So it looks like p2p lending is gathering steam in malaysia finally. We pride ourselves with speed and flexibility offering the widest range of term loan trade finance and micro loan products. Funding societies is a southeast asia leading p2p lending platform headquartered in singapore.
We are southeast asia s best crowdfunding platform for sme financing. Funding societies was launched in february 2017 as the first p2p operator in malaysia. As smes are the backbone of our economies we are committed to solving the sme financing gap in the region while providing a convenient and short term fixed income investment option to individuals and institutions.
Default rates are currently at around 1 5 across the countries funding societies operate in indonesia singapore and malaysia. Since its launch funding societies has crowdfunded rm 310 8 million regionally malaysia singapore an indonesia. Lowyat net finance business and investment house.
I d say funding societies is the better platform among all. Through p2p financing smes have greater access to financing to fund and grow their businesses whilst investors are able to participate in attractive investment. And breach of rules by brokers.
Kelvin teo and reynold wijaya founded funding societies in 2015 while they were studying at harvard business school. The p2p lending space in malaysia has seen exponential growth with 2 000 funding campaigns run across the six licensed players in 2018 which was a 300 increase compared to 2017. The power of the crowd.
Funding societies is the leading peer to peer lending platform in southeast asia. I wanted to try my hands at p2p lending by signing up with two of the more well known platforms fundaztic and funding societies. The tenure of financing is also relatively short between 1 to 12 months.
If anything sc through malaysia co investment fund. In fact sc themselves approved this whole industry in malaysia. Funding societies is the leading peer to peer lending platform in southeast asia.
