EDITION
  • English
  • 中文
  • Bahasa
  • eCommerce
Thursday, June 30, 2022
uLearnMoney Subscription Events
No Result
View All Result
Money Compass

Media and partner organizations:

cmc bmc ulearnmoney mylife mcm
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE
Subscription
Newsletter
Money Compass
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE
No Result
View All Result
中文 Bahasa eCommerce
Money Compass

P2P crowdfunding platform to assist 40,000 Malaysia SMEs

by moneycompass
May 19, 2020
in Local Market News
P2P crowdfunding platform
Share on FacebookShare on WhatsApp

PETALING JAYA, 18 May 2020 – Moneysave (M) Sdn. Bhd. has recently announced the launch of its Peer-to-Peer (P2P) Crowdfunding platform to assist 40,000 Malaysian SMEs with RM8 billion worth of investments from investors with between 7 and 16% returns per annum in the next 5 years.

According to Chief Executive Officer/Founder, Vincent Soh, “To achieve the target of RM8 billion, Moneysave is only tapping a very small number i.e. approximately 0.33% of Malaysia’s combined deposits and unit trust investors estimated to be around RM2.4 trillion currently. This consists of Malaysia’s unit trust investments of RM500 billion in 2018 and the Malaysian depositor base estimated at RM2 trillion as of March 2020.”

“To crowdfund the SMEs, particularly after the Covid-19 outbreak which hit the economy badly, Moneysave is hosting investment notes which offer both retail and institutional investors returns between 7% to 16% per annum. We specialise in Trade Invoice Financing which is short term from 30 days to a maximum of 180 days with up to 85% margin of the invoice value. For example, an Invoice Value of RM100,000 can be crowdfunded up to RM85,000,” he added.

Moneysave is also believed to be the first P2P crowdfunding platform in the world to offer multi risk reduction investment strategies to lower the risk of investments.

Moneysave offers a free and convenient investment platform that allows investors to register and start investing in less than 3 minutes through its 100% online portal which is accessible 24/7 globally. It also allows SMEs to apply for the funding request and receive a conditional approval from Moneysave within 3 minutes.

The paymasters or clients of the SMEs are mostly BURSA Listed companies and Government Linked Companies and Agencies.

In order to lower the cost of financing, the SMEs would be rewarded with incentives if they perform or meet certain risk reduction criteria. The maximum incentive that can be awarded to any single investment note is 5% p.a. at any time.

Investors would in return get to filter and choose investment notes based on the various risk reduction criteria met by the respective SMEs, thus reducing their investments risks.

To further safeguard the Investors, all investment monies are transferred to and are held in Investor Trust Accounts custodised by Maybank Trustees Berhad. Moneysave’s P2P crowdfunding platform is also regulated by the Securities Commission of Malaysia.

 

Read more: How to Identify Companies with Good Investment Potential

Tags: investmentMoneysaveP2P CrowdfundingSME
ShareSendShareSendTweetShare
Previous Post

Samsung Biologics Expands Business Continuity Excellence with Additional ISO 22301 Certification

Next Post

MDEC, Coursera launch ‘Let’s Learn Digital’ campaign

Related Posts

The World Bank believes that subsidies should be targeted, and hence applauds Malaysia's move to evaluate its fuel and cooking oil subsidy systems.
Local Market News

Subsidies to reach RM80 billion for 2022, highest in history – Finance Minister

27 Jun 2022
AmBank Research is anticipating that Bank Negara Malaysia (BNM) will hike the overnight policy rate (OPR) by 50 basis points its upcoming Monetary Policy Committee meeting in July.
Local Market News

AmBank Research expects OPR hike to 2.5% in BNM July meeting

27 Jun 2022
The nation's inflation, measured by Consumer Price Index (CPI), rose by 2.8% year-on-year (Y-o-Y) from the 123.1 recorded in May 2021 to 126.6 in May of this year.
Local Market News

Highest food inflation since 2011 contributed to 2.8% inflation in May 2022

27 Jun 2022

Discussion about this post

MOST POPULAR

  • cyber

    Over 10,000 cyber security incidents reported in Malaysia in 2021 – KPMG

    0 shares
    Share 0 Tweet 0
  • Funding Societies acquires CardUp, drives payments expansion

    0 shares
    Share 0 Tweet 0
  • Top 100 SMEs Defy Economic Headwinds to Post Triple-Digit Growth

    0 shares
    Share 0 Tweet 0
  • REERACOEN SINGAPORE STUDY SHOWS WORKERS PRIORITIZE FOUR-DAY WORKWEEKS OVER FINANCIAL BENEFITS

    0 shares
    Share 0 Tweet 0
  • What is Islamic Wealth Management?

    6 shares
    Share 6 Tweet 0

MEMBERSHIP SUBSCRIPTION

Subscribe Now

Sign Up for Our Free Newsletters

Stay up-to-date with the latest personal wealth-related articles, breaking financial market news, and more.

Follow us on Social Media

News
Special Feature
Compass
Money Tube
Smart Lifestyle
Corporate Profile
Advertise
Subscriptions
Career
Contact Us
eLearning
Events
Privacy Policy
Terms of Use
Strategic Partners

Copyright © . Money Compass. All Rights Reserved.

Design and Development by Ant Internet Sdn Bhd

No Result
View All Result
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE

© 2020 Money Compass

Career

SUBSCRIBE FREE NEWSLETTER