Lending
Funding Societies: New Expansion Could Help SMEs With Their Cashflow Woes
Funding Societies has announced that they will be launching financial services to complement their usual P2P funding platform—this time targeted at solving cashflow issues inundating SMEs. When conducting regular business, SMEs may face issues collecting invoices, especially when dealing with
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90% of Affordable Home Loans Are Rejected, So Here’s How Loanplus Aims to Help
There’s a housing crisis in Malaysia, and as of recent years has only grown worse. A contentious study released by Bank Negara Malaysia revealed that from 2016 to early 2017, only 24% of new property launches were in the range
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CTOS To Enable Real-Time Credit Decisions For Banks
Malaysia’s credit reporting agency CTOS recently launched a solution to enable banks to make real time credit decisions. This solution will allow banks to integrate its existing system into the CTOS Application & Decisioning solution to draw data and insights into
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Funding Societies Partners with Curlec, Automates Monthly Repayment to Investors
Funding Societies, a Peer-toPeer (P2P) financing platform in Malaysia, has announced a partnership with Curlec, a homegrown FinTech company specialising in direct debit payments. Funding Societies will be the first partner to adopt Curlec’s online Direct Debit system. With an
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OCBC Partners up with P2P Lender Fundaztic to Enhance Financing Access for SMES
OCBC Bank and Fundaztic, P2P lending platform licensed by the Securities Commission have entered into a collaborative agreement to enhance access to financing for micro, small and new businesses which forms the largest base of SMEs in the country currently
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FICO Powers Credit Guarantee Corporation’s (CGC) SME Lending
Malaysia’s Credit Guarantee Corporation (CGC), a government and commercial enterprise joint venture, has used FICO’s decision management technology to improve its ability to judge the creditworthiness of small businesses so it can provide them with loans. This direct lending is
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Maybank Ranks Highest in Auto Financing Customer Satisfaction
A recent study conducted by research firm J.D Power shows that Maybank ranks highest with an overall satisfaction score of 77.3%. CIMB Bank is a close second with a score of 77% followed by Hong Leong Bank 75.6% who ranks third in
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Funding Societies Launches FS Bolt
Funding Societies, largest peer-to-peer (P2P) financing platform in Malaysia, has announced the launch of FS Bolt: a mobile microfinancing solution in the country that provides fast and collateral-free working capital financing for small and medium-sized enterprises (SMEs), with approval from
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Funding Societies Raises RM 100 Million, the Largest P2P Lending Funding in SEA
Funding Societies, the largest peer-to-peer (P2P) financing platform in Malaysia, has raised RM100 million in Series B funding. Led by Softbank Ventures Korea, the funding round also includes existing investors Sequoia India, Alpha JWC Ventures (Indonesia) and Golden Gate Ventures.
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SC Opens Up Application For New P2P Lending and ECF Players
Tan Sri Ranjit Singh announced that the Securities Commission Malaysia will be widening access to alternative based investing avenues like Peer-to-peer (P2P) lending and Equity Crowdfunding as a part of their continued effort to democratise access to investment and fostering
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