P2P financing

Jeffrey46 — Fri, 06 Oct 2017 17:50:03 +0800

P2P Financing (crowdfunding) Malaysia

Latest update about P2P Financing

QUOTE

KUALA LUMPUR (May 17): Securities Commission Malaysia (SC) chairman Datuk Syed Zaid Albar announced the registration of three new equity crowdfunding (ECF) platform operators and five peer-to-peer (P2P) financing platform operators.

The new ECF operators are 1337 Ventures Sdn Bhd, Ethis Ventures Sdn Bhd, and MyStartr Sdn Bhd, while the P2P operators are Bay Smart Capital Ventures Sdn Bhd,Capssphere Services Sdn Bhd, Crowd Sense Sdn Bhd, MicroLEAP PLT, and Money Save Capital PLT.

sources: The Edge: SC registers new ECF and P2P platform operators

What is P2P Crowdfunding?

QUOTE

Peer-to-peer lending (P2P) is a method of debt financing that enables individuals to borrow and lend money - without the use of an official financial institution as an intermediary. Read more: Peer-To-Peer Lending (P2P) http://www.investopedia.com/terms/p/peer-t...p#ixzz4uyfENVGr Follow us: Investopedia on Facebook

Who are the registered operators?
[Registered in 2016]
1. Funding Societies
2. Fundaztic
3. B2bfinpal
4. Fundedbyme
5. Quickash
6. Nusa Kapital

[Registered in 2019]
Bay Smart Capital Ventures Sdn Bhd
Capssphere Services Sdn Bhd
Crowd Sense Sdn Bhd
MicroLEAP PLT
Money Save Capital PLT.

Source: SC Official Website

Stats of the active platforms

As of 20/7/19

1. Funding Societies (regional figure)
Disbursement: RM 2.5B
Default rate: 1.21%

2. Fundaztic (MY)
Disbursement: RM 53.8Mil
Default rate: 3.25%
Written-off rate: 2-3% (estimated)

3. B2bfinpal (MY)
Disbursement: RM 98.5Mil
Default rate: 0.16%

4. Quickash (MY)
Disbursement: RM 27.5Mil
Default rate: 1.96%

Sources from the official website

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P2P financing