Lending

FICO Powers Credit Guarantee Corporation’s (CGC) SME Lending
Lending

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
Lending

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
Lending

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
Lending

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
Crowdfunding Lending

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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Funding Societies and MoneyMatch Teams Up to Tackle the SME Market
Lending

Funding Societies and MoneyMatch Teams Up to Tackle the SME Market

Funding Societies and MoneyMatch, two local FinTech startups, announced an official strategic partnership to broaden access to alternative financial services for Malaysian small and medium-sized enterprises (SMEs). Funding Societies, Malaysia’s market leader (P2P) financing platform, will support efforts to build

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Fintech in Malaysia 2018 – January News Roundup
Blockchain/Bitcoin Crowdfunding Lending Malaysia Payments

Fintech in Malaysia 2018 – January News Roundup

Malaysia’s fintech scene is becoming increasingly active, it is sometimes difficult to keep track of all the important events, we figured it might be useful to our readers to do a summary. Here are some news roundup for the month

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Peer Pressure: Malaysia’s Peer to Peer Lending (P2P) Performance
Lending

Peer Pressure: Malaysia’s Peer to Peer Lending (P2P) Performance

Peer to Peer Lending or better known as P2P Lending refers to an online platform that matches lenders to borrowers, the concept is widely believed to be introduced by Zopa and popularised by the likes of Lending Club. The framework for

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Will This Partnership Drive Malaysian SMEs’ Adoption of P2P Loans?
Lending

Will This Partnership Drive Malaysian SMEs’ Adoption of P2P Loans?

Funding Societies and Cheng & Co have engaged in a strategic partnership to broaden and simplify access to business financing for creditworthy Malaysian small and medium-sized enterprises (SMEs). Cheng & Co, a  established home-grown accounting firm, will refer promising SMEs

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Fundaztic to fill the RM80 Billion Funding Gap to SMEs: Malaysian P2P Lending Platform
Lending

Fundaztic to fill the RM80 Billion Funding Gap to SMEs: Malaysian P2P Lending Platform

Fundaztic.com made its debut on the peer-to-peer (P2P) financing platform  with a low entry barrier investment of RM50 (12USD), and is now expecting to draw investors to fund more than 500 micro and small and medium-sized enterprises (SMEs), and startups within

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