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 …
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 …
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 …
This is an update to my December 2018 article about Defaulted Notes in Fundaztic. There are some changes that the platform made and new discovery that I found. New definition of default First, Fundaztic has reclassified defaulted note as a note that is 90 days past due, instead of 60 days as before. This reclassification …
Last month I have talked about management of defaults in Fundaztic. Now, I am going to talk about defaulted notes in Funding Societies. As on 15 January 2019, the default rate is 0.95% (Link). However, I have no direct experience regarding default on this platform yet. Classification of default Funding Societies classifies default according to …
For every loan made, there is always a risk of default. The default rate as on 14 December 2018 in Fundaztic is 2.28%. The amount involved is more than RM 750000 (Link). Recently, there is a note in my portfolio that has defaulted. By Fundaztic definition, a note is considered as default when the borrower misses …
