P2P financing in Malaysia oh P2P financing in Malaysia

Wah, suddenly so many P2P platform approved by SC Malaysia.

When I first invest in P2P only 6 company, now it have florish to 11, woo la la.

The most important is Default RATE, this is what I overlook when I first invest in P2P.

I have move all from Funding Societies to CapBay.

My loss in Funding Societies is about 8% because of default rate.

So far, CapBay went through the most difficult situation which is MCO start from 18 March 2020, until today March 2022, still no default. I assume should be safer moving forward.

If you interested can sign up with my referral code and we'll both get RM100! Use this link to register: https://invest.capbay.com/registration/?code=183495. Referral code <183495>. 

For more information, please refer to https://capbay.com/invest/  

T&C: https://forms.capbay.com/RM100-Cash-Promo-CapBay-Referral-Program

Platform	Mobile app	Auto-invest	Risk grading	Default rate	Fees	Initial capital
CapBay	Yes	Yes	Yes	0%	10-30% of return	RM10000
B2B Finpal	Yes	Yes	Yes	2.94%	30% of interest collected	RM1000
Capsphere	N/A	N/A	N/A	N/A	1-2% of return	RM200
Cofundr	N/A	N/A	N/A	N/A	20% for investments less than 12 months; for investments more than 12 months, there will be 2% charge on principle only	RM1000
Nusa Kapital	N/A	N/A	Yes	N/A	10% of return	RM500
Alixco	N/A	N/A	Yes	N/A	1% of total repayment	RM500
MicroLEAP	N/A	Yes	Yes	0%	1-2% of arrangement fees	RM50
Funding Societies	Yes	Yes	N/A	1.39%	Business term - 2% p.a. of each repayment Accounts receivable - 15% of interest repayment Accounts payable - up to 30% on interest repayment Dealer - up to 30% on interest repayment	RM1000
MoneySave	Yes	N/A	N/A	N/A	Up to 15% of return	RM5
Fundaztic	Yes	N/A	N/A	2.73%	Transaction fee - RM0-RM3 Platform management fee - 1% of monthly repayments	RM50 (RM2000 for auto-invest function)
QuicKash	Yes	N/A	N/A	1.3%	1.35-1.5% for each repayment	RM100

Source: Reviews of P2P Platforms in Malaysia - frugalavish

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