Peer-to-peer financing platform Moneysave (M) Sdn Bhd has crowdfunded more than RM200 million as of Nov 19, 2021, with more than 800 investment campaigns in the past 18 months since May 2020.
Moneysave aspires to be an economic multiplier over the next five years, with funding of more than RM160 billion based on RM16 billion in SME funding.
More than 100,000 SMEs and one million families would benefit from the platform’s success.
Moneysave is also the fastest and best-performing P2P crowdfunding platform regulated by the Securities Commission of Malaysia, with a zero percent default rate across all approved investments.
Small and medium enterprises (SMEs) in Malaysia benefit directly from investments made through the MoneySave platform because it provides working capital and project financing to SMEs in a variety of industries, including aerospace engineering, food manufacturing and distribution, fast-moving consumer goods (FMCG), agritech, powertech and energy, oil and gas services, and many others.
Moneysafe founder and CEO Vincent Soh says “MoneySave has crowdfunded more than RM190 million and benefited a supply chain of more than 5,000 SMEs since its launch 18 months ago.
“The platform has also provided a safer investment platform with a zero percent default rate by the SMEs since launch and provided investor returns of more than 16 percent per annum.
“Further, the platform also saw more than 50 percent of SMEs are crowdfunded in less than 30 minutes on Moneysave, and the SMEs receive the investments within the same day.”
MoneySave crowdfunds businesses starting at six months old incorporation inwards and requires no collateral as security for loans up to RM25 million at the moment.