Fundaztic is fully owned and managed by Peoplender Sdn Bhd which is a Recognised Market Operator licensed by the Securities Commission of Malaysia to operate a peer-to-peer financing platform. Fundaztic has collaborated with @alcosm_official to bring you Malaysia’s No. It’s a short-term debt security with a maturity of between 3 months to 36 months, but typically the tenure on the platform is around 36 months. Compared to Funding Societies Malaysia, the interface of Fundaztic looks plain. Register Now! Jeffrey began his career at PriceWaterhouseCoopers and thereafter, joined Citibank, where he held various roles in customer relationship management, risk management, international offshore … Fundaztic uses the soft approach when the note is overdue for less than 60 days. Fundaztic.com IP Server: 104.22.0.242, HostName: 104.22.0.242, DNS Server: leia.ns.cloudflare.com, doug.ns.cloudflare.com Fundaztic offers a new and easier investment vehicle to further simplify the process and help turn savers into investors. Actual profits may vary depending on repayment pattern “We have taken a more lenient approach towards SME repayments. Automatic Login ; Login Date; Copyright © 2017 Fundaztic.com. Fundaztic is fully owned and managed by Peoplender Sdn Bhd which is a Recognised Market Operator licensed by the Securities Commission of Malaysia to operate a peer-to-peer financing platform. This suggests that Fundaztic is taking on higher-risk loans, which could translate into higher interest returns – if … # fundaztic # P2P # p2plending # fintech # Finance # technology # crowdfunding # fundraising # invest # … In the meantime, have a wonderful Christmas and a happy holiday season! It is a company with a paid-up capital of RM15.5 million and other principal shareholders include Mezzanine Ventures Sdn Bhd which is held 100% by Amcorp Capital Markets Sdn Bhd, which in turn is a wholly owned subsidiary of Amcorp Group Berhad. Fundaztic Fundaztic is fully owned and managed by Peoplender Sdn Bhd which is a Recognised Market Operator licensed by the Securities Commission of Malaysia to … Wong says Funding Societies’ current default rate is below its long-term targeted rate of 3% to 5%. It targets to facilitate better access to the finance and will focus more on the viable micro-entrepreneurs as well as for SMEs, which are still unreserved by various banks.' Fundaztic is the only fully-Malaysian start-up among the six registered platform operators announced. We provide a virtual marketplace where borrowers and lenders can interact directly. However, Fundaztic has a much higher default rate (10.42% since inception; 3.26% annualised) than Funding Societies (3.58%). Fundaztic is fully owned and managed by Peoplender Sdn Bhd which is a Recognised Market Operator registered by the Securities Commission of Malaysia to … “It is the perfect time [to launch the secondary market]. There is another operating platform known as Fundaztic, which is also one of the 6 recognised market operators by the Securities Commission (SC). However, the rate could go higher in times of economic crisis. Fundaztic and B2B Finpal have default rates of 0.6% and less than 0.2% respectively. At your fingertips any time Having digital access to your account helps you review your investments by taking note of your accounts, returns and allows you to change your investment plans as and when you choose. I have registered an account with this platform since 2017. Founding CEO and director Kristine Ng Wei Miem says Fundaztic is the first and only P2P platform that offers capital protection of its own. PEOPLENDER SDN BHD TEAM MEMBERS 1 Alcohol Wipes because we care for your wellbeing! Fundaztic is actually fully owned and managed by Peoplender Sdn Bhd which was established in December 2015. “We are aiming for 5%. Jeffrey Chew is the founder and non-executive Chairman of the company. Fundaztic, which is registered with the Securities Commission Malaysia (SC), will raise funds for the collateral-free financing of up to 80 per cent of the sale price using its P2P platform The used car dealers will then pay the interest and principal back to investors through the platform at the end of the financing tenure. It’s been Fundaztic helping unique MSMEs grow throughout the year, w... e value each and every one of our customers and cannot express our gratitude enough for your ongoing support. Does Fundaztic plan to apply for a digital banking licence, sell out to a financial institution, list on the ACE Market, or issue Islamic investment notes? Meanwhile, Fundaztic.com, which has disbursed about RM80 million to 1,138 micro, small and medium size businesses as of April 21, is intensifying its rescheduling and restructuring activities. Peoplender was started solely to apply and obtain the peer-to-peer Financing (P2P) operating license given by the Securities Commission (SC) of Malaysia. Dictionary Time: A debt security is … *Reflects projected profits of the amount funded. Hassle-Free Alternative Financing Platform For Lazada Sellers Fundaztic - Where smart investors and entrepreneurs connect. 1 review for Fundaztic, 5.0 stars: 'This organization is managed as well as owned by Peoplender (M) Sdn Bhd. Fundaztic is founded by a group of prominent ex-bankers and a lawyer. 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. All Rights Reserved. Investors on Fundaztic invest in notes that are given out by the issuer (companies). To-date, apart from a small loan default, all in all, I have continued to rake in 10+% in interest income and found it to be a stable method of receiving passive income other than stocks and properties. # fundaztic # fintech # p2p # p2pfinancing # webinar # alternativefinancing # smefinancing # smes # msmes # malaysia NOT many — not even billionaires — would willingly give up money, let alone professionals or retirees who are perhaps only a notch or two better than middle-income wage earners who may not be able to afford to retire. Ng says Fundaztic has a higher targeted rate of 5% to 8%. 2016 Fundaztic soft launches on 7 July 2017 by hosting five investment notes with a total funding of RM530,000. The organization consists of senior-level ex-bankers and industry veterans. It is a company with a paid-up capital of RM5 million and other shareholders include Mezzanine Ventures Sdn Bhd which is held 100% by Amcorp Capital Markets Sdn Bhd, which in turn is a wholly owned subsidiary of Amcorp Group Berhad and Dato’ Teo Chiang Quan in his personal … Redemptions are valid only for Fundaztic Members! When the note is overdue for more than 60 days, the platform will take legal action against the borrower. Fundaztic aims to double its success in 2020, focus on enhancing trust By Kiran Kaur Sidhu December 20, 2019 Unable to break even in 2019 due to risk appetite and economic conditions Beyond Principal Protect, a profit protection scheme is on the drawing board Strongly believing that it is through complementing and filling gaps of needs in the ecosystem that will create sustainable and meaningful growth, Fundaztic Fundaztic is a peer-to-peer (P2P) financing platform recognized by Securities Commission Malaysia. With this approach, the platform is still trying to elicit payments by itself. Fundaztic is fully owned and managed by Peoplender Sdn Bhd which is a Recognised Market Operator registered by the Securities Commission of Malaysia to … 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. From my conversation with Fundaztic representative, their company usually don’t practice repeated notes to minimize the percentage of default. Fundaztic mainly focuses on SME’s with maximum notes of RM200,000 with financing up to 36 month. Fundaztic - Where smart investors and entrepreneurs connect. There are 10 levels as shown in the image below. Let’s compare an investment capital of RM20,000 over a 24-month period by selecting fixed deposit, unit trust, and bonds against Fundaztic’s P2P financing side-by-side. Fundaztic is the leading P2P operator in the country in terms of driving access to financing and investing by helping 180 SMEs (out of a total of 227 SMEs as per SC's industry updates as at 30/6/2018) to obtain debt financing though its member base of more than 8400 members. And the beauty of it is that it is free. Now, I would like to share my experience of using this platform. Fundaztic is the best and most trusted peer to peer lending platform in Malaysia. Fundaztic.com believes it is timely to introduce Principal Protect, which protects investors from capital losses if their investments are made as per conditions set. For Non-members, do register now at www.fundaztic.com to enjoy this member exclusive giveaway! Fundaztic, he says, is the only P2P platform in the market that has successfully automated the entirety of the P2P application and evaluation process. Recovery. Fundaztic uses the Risk Grade method to categorise “issuers” risk profile. Strongly believing that it is through complementing and filling gaps of needs in the ecosystem that will cr… Create an account for free with Fundaztic.com, select any investment of your choice and make payments online in a fast and secure manner. Fundaztic is founded by a group of prominent ex-bankers and a lawyer. Instead, Fundaztic relies on what Foo says is a unique strategic advantage over the broader P2P ecosystem. Interface. Fast, Safe and Secure way to borrow money online to earn high returns with P2P lending. P2P # p2plending # fintech # Finance # technology # crowdfunding # fundraising # invest # to. P2Plending # fintech # Finance # technology # crowdfunding # fundraising # invest # practice repeated notes minimize. We provide a virtual marketplace where borrowers and lenders can interact directly Fundaztic the! By Securities Commission Malaysia in Malaysia investment vehicle to further simplify the and. 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