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Funding Societies Malaysia: A review of Malaysia’s first P2P lending platform

By Ian / September 11, 2017

Funding Societies was launched in February 2017 and is the first regulated P2P lending platform in Malaysia. Malaysia is the first country in ASEAN to regulate P2P financing.

funding societies logoI first came across this company on Facebook and signed up without giving much thought about it. It was one of those spontaneous moments when I instinctively make decisions; plus I am always ever curious about novel ways to make money and invest.

Funding Societies offers business term financing for SMEs and in a sense functions as an alternative platform for companies to raise funds for capital expenditure. In laymen terms, new companies always need funds to build up their business and going through the traditional route, i.e. banks, might be difficult for some of these companies.

It was only after a few months of signing up with Funding Societies did I finally decided to complete the registration and fund my account. The registration process was slightly tedious but not difficult – just follow the instructions given. It involves filling up some forms and scanning and mailing the hard copy of the forms back to them. My account was approved within 2 days.

After your account is approved, you may login and see all the available investment deals for you to invest in.

Update 22/4/2018: This was how the dashboard looked like previously:

funding societies

The company has rolled out new updates recently and the interface is much slicker and conveys more useful information.

If you click on the Portfolio tab, you can get a quick overview of your ongoing investments:

You can get a quick estimate of your monthly cashflow:

Below, one can see the complete list of the completed as well as ongoing investments:

Conclusion

Funding Societies has given me good returns and all my investments are being paid on time so far. I have no issue with the platform and would highly recommend it as one of the top P2P platforms to park your money.

Click here if you’d like to see it for yourself!

About the author

Ian

I'm a doctor but I love personal finance. In my free time, I write about my latest findings in how to optimise money and investments.

1comment
Fundaztic: Review of Malaysia’s Budding P2P Lender – Bong YC - September 28, 2017

[…] So far the company has only funded less than RM2 million in loans which is a far cry from Funding Society‘s RM200 million. Yet I believe Fundaztic’s best days are yet to […]

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