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 …
Fundaztic (Link) is a peer-to-peer financing platform in Malaysia. This platform links borrowers (mainly local small and medium enterprises) and lenders together. Since this platform introduces so many notes per week, how should we choose? Grade of notes in Fundaztic Every loan is known as a note on this platform. The notes are rated according to 10 …
Funding Societies (Link) is one of two peer-to-peer financing platforms that I am actively using. The loans can be divided into business term financing and invoice financing. Every loan is known as an investment note on this platform. Investment notes properties The differences between the two types of financing have been explained in a previous post. To …
(Latest update: 10 November 2018) Fundaztic (Link) is a peer-to-peer (P2P) financing platform recognized by Securities Commission Malaysia. I have registered an account with this platform since 2017. Now, I would like to share my experience of using this platform. Interface Compared to Funding Societies Malaysia, the interface of Fundaztic looks plain. Nonetheless, it did undergo …
