B2B Finpal Review

After trying Fundaztic and Funding Societies Malaysia, I've decided to try out the rest of the P2P operators in Malaysia. Next in line is B2B Finpal. Read on for my review of this company.

B2B Finpal Review

Signup Process

The whole signup process is not that complicated but I found it a bit tedious. After the usual online registration, you'll have to print out some agreement forms and sign. Just follow the instructions in the email and you should be fine

Features & User Friendliness

This is the part where I have major issues with the platform. The first impression I had upon logging into the website was how bare-bones it was. 

After your registration is approved, you will have to deposit at least RM1000 to activate your 'virtual account'. Do note that your money is actually deposited into a trust account which is in line with Bank Negara's best practices.

Trying to deposit fresh funds was a bit confusing, as there is no integration with any major online payment processors such as FPX. There wasn't any information to begin with, which I found quite frustrating. You will have to find the information in the email and do an online transfer manually. Subsequently just fill in the information by clicking the 'Deposit' button in your dashboard and wait for your funds to be confirmed.

That being said, confirmation of deposit was fairly quick during normal business days. I got my RM1000 deposit confirmed within 2 hours.

They have auto-invest options so that is a good point. You can even set your own 'risk grade' to tune your exposure to investment notes based on their risk grading, so this is something new.

B2B Finpal investment opportunities

Unlike Fundaztic or Funding Societies, I feel B2B Finpal's funding opportunites to be quite limited.

I have yet to invest into any of the notes so far, so stay tuned for updates on the performance.


It's too early to tell how B2B Finpal will fare in the future. As with all things, there are certain risks involved when investing into P2P funding.

I will definitely update this post in the future to gauge the company's performance. Stay tuned! Do like my FB page to get updates.

Fundaztic vs Funding Societies: A Side-by-Side Comparison

P2P lending or equity crowdfunding is a relatively new field in Malaysia and I would say that 2017 has seen positive developments in this area with the launch of multiple new players in the country. I have covered two of the more well-known ones in previous posts i.e. Funding Societies and Fundaztic and given some brief commentaries (do check them out if you need more info).

How does one then decide which platform is better? In my humble opinion, putting your hard-earned money into both is well-worth the bet. Why? Simply because you are in effect diversifying and spreading out your investment risk by placing investments into multiple SMEs and companies from diverse industries.

That being said, there are some subtle differences between the two. I have tried my best to make this as detailed as possible, do let me know if I miss out anything.

Fundatic vs Funding Societies

Min per investmentRM50RM100
Max per investmentNo maximumRM5000
Living WillYes - Rodgers ReidyYes

My experience with both Fundaztic and Funding Societies so far has been positive. In both instances, support has been great and any enquiries I have were answered quickly.

P2P Lending Malaysia: A Comprehensive Guide for Beginners

P2P Lending Malaysia

Peer-to-peer lending, otherwise known as P2P lending or financing is a relatively new concept in Malaysia and the government has taken progressive steps to regulate the industry with the Securities Commission announcing the regulatory framework for P2P financing in 2016 and the official approval of 6 peer-to-peer financing operators later in the year [1].

This has provided an alternative avenue for investors to seek higher-than normal banks’ fixed deposit returns in an increasingly challenging and inflationary economy.

What is P2P lending?

P2P lending in the Malaysian context refers to the opportunity for lay persons to pool together their money and invest in small-to-medium enterprises (SMEs) and businesses in Malaysia which are in need of capital for their operations.

Traditionally these businesses can only obtain financing via banks, which pose a hurdle as banks typically require some sort of collateral or at least a proven track-record. This means that new or small enterprises often encounter difficulties to obtain funds to sustain their operations or to expand their business.

SMEs as a group is a major engine of growth for the Malaysian economy and this obstacle to financing has been a major inhibitor to their growth. It was calculated that there is a RM80 billion gap in financing that has not been met. Thus, it is hoped that P2P lending can help fill that gap.

Worldwide, P2P as an alternative form of financing is fast becoming a proven alternative, given that over US$25 billion was raised on P2P platforms globally in 2015. That total is projected to grow to about US$96 billion by 2025, according to Securities Commission chairman Tan Sri Ranjit Ajit Singh. [2]

P2P financing operators act as platforms where companies can get access to funds directly from investors, resulting in a shorter turnaround time. All these are done online which means lower costs compared to traditional banks.

From another perspective, investors act as ‘banks’ that provide financing for these companies. In return, they earn a higher return on their investments compared to traditional fixed deposits.

Is P2P lending safe?

The main risk involved in P2P lending is the default risk whereby the company is unable to repay the loans. In the unfortunate event of default, investors only lose whatever amount they put into the particular investment.

Another risk event would be the shutting down of the P2P financing platforms, which is highly unlikely given that the platforms themselves are only acting as third party enablers that provide the underlying technology for the lending activities.

Who are the P2P Platform Operators in Malaysia?

Currently there are 6 official P2P platforms in Malaysia.

Platform OperatorWebsiteDescription
Funding SocietiesWell-established regional player with largest market share
B2B FinpalOwned by B2B Commerce, a supply chain management software provider
FundazticRobust P2P platform led by ex banking veterans and industry leaders
AlixCoOwned by FundedByMe, a Swedish-based equity crowdfunding platform
QuicKashOwned by ManagePay Systems berhad, an e-payment public-listed company
Nusa KapitalWorld's first shariah-compliant P2P lender

Why invest in P2P?

P2P is a great alternative avenue for investment. Let’s look at some of the advantages below:

Higher returns compared to fixed deposits

Investors get potentially higher return. Most of the investment notes offer rates higher than 5%.

Choose who you want to lend to

Before you part with your hard-earned money, you can check the company’s profile, sales and revenue figures as well as their plans for the purported loan.

Low Initial Starting Capital

You can start with as little as RM50. Most of the platforms allow miminum investments as low as RM100.

Compound Your Investment Returns

Reinvest your returns into new investment notes and compound your returns over the long run. Some of the P2P platforms offer auto-investing features based on preset conditions, which means you can essentially park your money into your account, set up the auto-investment feature and let your money compound itself without having to lift a finger.

P2P Lending Malaysia – A Solid Alternative Investment Avenue

P2P Lending in Malaysia is here to stay and the industry will only get exponentially bigger as more people accept it.

I sincerely hope you find this article useful. Do check out my other articles in which I review the different P2P platforms.



[1] https://www.sc.com.my/digital/list_rmo/
[2] http://www.theedgemarkets.com/article/special-report-new-shot-funding-creditworthy-smes

Fundaztic: Review of Malaysia’s Budding P2P Lender

I recently signed up for yet another investing alternative platform called Fundaztic. They just only went live in July 2017 and needless to say I promptly signed up to test it out.

Fundaztic is one the 6 companies granted license by Securities Commission of Malaysia to conduct peer-to-peer financing in the country. They aim to achieve funding goal of RM40 million in their first year of operation, and made their debut with 5 investment notes available for investors with total funding amount of RM530k.

The company is founded by former executives in the banking industry and a lawyer with a combined 50 years of experience in finance, law and technology, with a startup capital of RM5 million.

At first glance Fundaztic’s website has a minimalist look and one could be forgiven for thinking that they lack the appropriate robustness required for a company involved in finance. However the more I use the site, the more I find it pleasing and easy to navigate. Signup was a breeze too – just send the required documents and your account should be approved without a hitch.

My experience with Fundaztic

From my experience so far, Fundaztic’s investment opportunities are pretty decent. They differ from Funding Society from the way they present the available notes to invest in. Each investment opportunity is given a grade according to the risks involved. The higher the risk, the lower the grade, similar to how bonds are graded. Needless to say the higher grade investments were funded pretty quickly so I missed the boat, so to say.

fundaztic p2p
Investments are graded according to risk profile of the businesses

Fundaztic has an app now and this makes it so much easier to check all your investments and funded notes and participate in new note releases. This is definitely a positive development and puts it on par with Funding Societies.

Rest assured, they do have many investing notes that they update regularly. Every Friday the company has what they call the Friday Funday when the investment notes would be put up for investors to take part in.

The company has only funded less than RM1.37 million in loans since launching (compared to Funding Society’s whopping RM200 million). Yet I believe Fundaztic’s best days are yet to come. As of September 2017 the platform boasts around 1500 active investors with RM252k paid out in profits to members so far. That is a pretty impressive feat to achieve in 2 months.

Fundaztic Returns on Investment

Needless to say, the money I put into Fundaztic has earned me quite a handsome return, and compared to the FD rates you get from banks, this is a no-brainer.

The dashboard has a nifty tool that allows you to have a quick glance at your current portfolio. According to their calculation, my investment has generated returns in excess of 24% which is astounding. Do bear in mind though that all investments carry a risk but I am relieved to say that so far none of my investments were defaulted.

In conclusion, Fundaztic remains one of my favourite P2P platforms so far and would highly recommend anyone looking for alternative investments to start grabbing a slice of the SME funding pie.

Click here to check out Fundaztic and start generating extra income! 



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

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:


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!