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 and B2B Finpal have default rates of 0.6% and less than 0.2% respectively. For Non-members, do register now at www.fundaztic.com to enjoy this member exclusive giveaway! *Reflects projected profits of the amount funded. # fundaztic # P2P # p2plending # fintech # Finance # technology # crowdfunding # fundraising # invest # … “It is the perfect time [to launch the secondary market]. Dictionary Time: A debt security is … Fundaztic is actually fully owned and managed by Peoplender Sdn Bhd which was established in December 2015. 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. Strongly believing that it is through complementing and filling gaps of needs in the ecosystem that will cr… 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. Founding CEO and director Kristine Ng Wei Miem says Fundaztic is the first and only P2P platform that offers capital protection of its own. Fundaztic is a peer-to-peer (P2P) financing platform recognized by Securities Commission Malaysia. Fundaztic is fully owned and managed by Peoplender Sdn Bhd which is a Recognised Market Operator registered by the Securities Commission of Malaysia to … With this approach, the platform is still trying to elicit payments by itself. 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. Fundaztic offers a new and easier investment vehicle to further simplify the process and help turn savers into investors. Redemptions are valid only for Fundaztic Members! Fundaztic - Where smart investors and entrepreneurs connect. Fundaztic, he says, is the only P2P platform in the market that has successfully automated the entirety of the P2P application and evaluation process. “We are aiming for 5%. 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. Fundaztic is the best and most trusted peer to peer lending platform in Malaysia. The organization consists of senior-level ex-bankers and industry veterans. Now, I would like to share my experience of using this platform. Fundaztic has collaborated with @alcosm_official to bring you Malaysia’s No. Fundaztic is the only fully-Malaysian start-up among the six registered platform operators announced. 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. However, the rate could go higher in times of economic crisis. 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 # 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. Register Now! Fundaztic uses the soft approach when the note is overdue for less than 60 days. Ng says Fundaztic has a higher targeted rate of 5% to 8%. 1 Alcohol Wipes because we care for your wellbeing! Fundaztic - Where smart investors and entrepreneurs connect. I have registered an account with this platform since 2017. Fundaztic.com IP Server: 104.22.0.242, HostName: 104.22.0.242, DNS Server: leia.ns.cloudflare.com, doug.ns.cloudflare.com Fundaztic is founded by a group of prominent ex-bankers and a lawyer. 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 … Hassle-Free Alternative Financing Platform For Lazada Sellers All Rights Reserved. Instead, Fundaztic relies on what Foo says is a unique strategic advantage over the broader P2P ecosystem. 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. Automatic Login ; Login Date; Copyright © 2017 Fundaztic.com. Fundaztic uses the Risk Grade method to categorise “issuers” risk profile. 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. 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. Investors on Fundaztic invest in notes that are given out by the issuer (companies). PEOPLENDER SDN BHD TEAM MEMBERS 2016 Fundaztic soft launches on 7 July 2017 by hosting five investment notes with a total funding of RM530,000. There are 10 levels as shown in the image below. 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.' Create an account for free with Fundaztic.com, select any investment of your choice and make payments online in a fast and secure manner. Jeffrey began his career at PriceWaterhouseCoopers and thereafter, joined Citibank, where he held various roles in customer relationship management, risk management, international offshore … Strongly believing that it is through complementing and filling gaps of needs in the ecosystem that will create sustainable and meaningful growth, Fundaztic From my conversation with Fundaztic representative, their company usually don’t practice repeated notes to minimize the percentage of default. 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 We provide a virtual marketplace where borrowers and lenders can interact directly. 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. And the beauty of it is that it is free. Interface. 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 … 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? Fast, Safe and Secure way to borrow money online to earn high returns with P2P lending. 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. Peoplender was started solely to apply and obtain the peer-to-peer Financing (P2P) operating license given by the Securities Commission (SC) of Malaysia. This suggests that Fundaztic is taking on higher-risk loans, which could translate into higher interest returns – if … “We have taken a more lenient approach towards SME repayments. 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. When the note is overdue for more than 60 days, the platform will take legal action against the borrower. Jeffrey Chew is the founder and non-executive Chairman of the company. In the meantime, have a wonderful Christmas and a happy holiday season! 1 review for Fundaztic, 5.0 stars: 'This organization is managed as well as owned by Peoplender (M) Sdn Bhd. There is another operating platform known as Fundaztic, which is also one of the 6 recognised market operators by the Securities Commission (SC). Fundaztic is founded by a group of prominent ex-bankers and a lawyer. Actual profits may vary depending on repayment pattern Fundaztic mainly focuses on SME’s with maximum notes of RM200,000 with financing up to 36 month. Compared to Funding Societies Malaysia, the interface of Fundaztic looks plain. 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 … Recovery. 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