Currently, I have investments on three peer-to-peer (P2P) lending platforms. They are Capsphere, Fundaztic, and Funding Societies Malaysia. The results are as on 30 September 2020. Capsphere As I just started to invest on this platform, I do not have enough data to comment on it yet. Up to today, I have only invested in …
Capsphere (Link) is a new peer-to-peer (P2P) lending platform in Malaysia. It is an asset-based P2P financing platform and is the first of its kind in the nation. Features of Capsphere The note issuers use the funds raised to purchase or refinance assets for growing their business. The note is collateralised which means it is …
CapitalBay (Link) is a new peer-to-peer (P2P) financing platform in Malaysia. I have managed to enrol into its Early Access Programme. I am going to give an overview of this new platform here. Background of CapitalBay This company was launched in 2016 and is the first Multi-Bank Supply Chain Finance (SCF) platform in Malaysia licensed …
This article is an update to my previous article on two peer-to-peer (P2P) lending platforms. It is 2020 now and I am going to compare my investment performance on Fundaztic and Funding Societies Malaysia . As I do not have an accurate way of counting the return, I am going to use the data from …
In July 2019, I encountered my first defaulted note on Funding Societies Malaysia after two years with the platform. Today, I am glad to say that I have recouped my principal and thus, suffer no loss from this delinquent note. What happened? Funding Societies Malaysia managed to get the note issuer to settle the outstanding …
Recently, Funding Societies Malaysia has recategorized the notes on its platform. Previously, there were only Invoice Financing and Business Term Financing. Now, there are three types of notes (five types to be exact). Let’s go through them one by one. Business Term Financing This type of financing is used to fund the note issuers’ day …
I have been investing in peer-to-peer (P2P) lending on Funding Societies Malaysia and Fundaztic for two years. I feel it is time for me to make a choice between these two platforms. Funding Societies Malaysia vs Fundaztic Below are some basic statistics about these two platforms. Funding Societies Malaysia offers three types of investment products. …
The thing that I dread finally happened. I have one defaulted note on Funding Societies Malaysia after two years on this platform. Amount involved As it is a partially paid note, I do not suffer a very big loss. In fact, I consider it to be insignificant. Overall, I will incur a 10% loss of …
Fundaztic (Link) changed its management of defaulted notes again after the recent changes that I mentioned in a previous article. What are the changes this time? Termination of email updates Previously, the platform would send the investors emails to update on defaulted notes. However, this service is being stopped from now on. Although the platform …
I have not encountered defaulted note on Funding Societies Malaysia, so I have no first-hand experience on its management of defaulted notes. However, I have encountered several notes that did not repay on time. Thus, I have experienced how Funding Societies Malaysia handles these late notes. I like the way that this platform deals with …
