Moneysave P2P Crowdfunding Platform announced the fastest Malaysian P2P Crowdfunding of Potboy, a Malaysian online grocer. The record was achieved in 95 seconds starting from the time the Investment Note was hosted online to 100 percent subscription.
“It only took 15 investors to fully subscribe to the RM180,640.00 Investment Note offered by Potboy on Moneysave’s P2P Crowdfunding Platform on November 3. This is a testament of the speed and power of crowdfunding on our platform.
Our investors are very proud to be crowdfunding a rising star in the digital grocery space such as Potboy and look forward to crowdfunding 40,000 SMEs in the next five years”, Moneysave’s Chief Executive Officer, Vincent Soh said.
The Securities Commission Malaysia (SC) announced that more than 2,500 Micro, Small and Medium Enterprises (MSMEs) have raised more than RM1 billion through the regulated crowdfunding markets of the Malaysian capital market.
For SMEs, Moneysave would be an alternative source of finance compared to SME loans, factoring, equity fundraising in BURSA Malaysia, private equity, and venture capital.
For investors, Moneysave’s investment notes are targeted to yield between 6-12 percent per annum, for short tenures of one to four months to assist the SMEs with their short-term working capital.
Therefore, Moneysave is an alternative investment compared to fixed deposits with banks, bonds or Sukuks, mutual funds, unit trusts, private equities, and stock investments in Bursa Malaysia.
“Potboy Group is delighted to be crowdfunded by Moneysave and possibly setting a world record at the same time! We are humbled by the support and trust given by Moneysave’s investors and look forward to becoming Malaysia’s leading online grocer”, said Potboy’s Chief Executive Officer, Eddie Chew.
Besides digital or online grocers, Moneysave is targeting to crowdfund the suppliers and contractors of Malaysian Government Ministries, agencies and Government-linked companies (GLCs) as well as companies such Telekom Malaysia, Tenaga Nasional, Sime Darby, Maybank, Petronas, Axiata, Maxis, Public Bank and other as Top 100 BURSA companies.
“We have written to Malaysian Book of Records, Asia Book of Records, and also Guinness World Records to review our video and validate our feat which was also viewed live during Moneysave’s Live: Crowdfunding Workshop.
We have researched worldwide and to date, we seem to be the only P2P Crowdfunding Platform that has created such a record,” said Soh.
Moneysave plans to replicate its business to Indonesia and ASEAN in the next three years and has submitted to the Securities Commission of Malaysia to be a Shariah Compliant P2P Crowdfunding Platform by December 2020.