Moneysave launches P2P crowd­fund­ing plat­form

The Borneo Post - - Business -

KUALA LUMPUR: Moneysave (M) Sdn Bhd has re­cently launched a peer-to-peer (P2P) crowd­fund­ing plat­form to as­sist 40,000 Malaysian small and medium-sized en­ter­prises (SMEs), tar­get­ing RM8 bil­lion worth of in­vest­ments from in­vestors.

In a state­ment yes­ter­day, Moneysave founder and chief ex­ec­u­tive of­fi­cer Vin­cent Soh said to crowd­fund the SMEs, par­tic­u­larly af­ter the Covid19 out­break which has hit the econ­omy badly, the com­pany is host­ing in­vest­ment notes which of­fer both re­tail and in­sti­tu­tional in­vestors re­turns of be­tween 7.0 and 16 per cent re­turns per an­num in the next five years.

He added that Moneysave spe­cialised in short-term Trade In­voice Fi­nanc­ing, from 30 days to a max­i­mum of 180 days, with up to 85 per cent mar­gin of the in­voice value.

“For ex­am­ple, an in­voice value of RM100,000 can be crowd­funded up to RM85,000,” said Soh.

He said to achieve the RM8 bil­lion in­vets­ment tar­get, Moneysave is only tap­ping on ap­prox­i­mately 0.33 per cent of Malaysia’s com­bined de­posits and unit trust in­vestors, es­ti­mated to be worth around RM2.4 tril­lion cur­rently.

To fur­ther safe­guard the in­vestors, all in­vest­ment monies are trans­ferred to and are held in in­vestor trust ac­counts man­aged by May­bank Trus­tees Bhd.

Moneysave’s P2P Plat­form is also reg­u­lated by the Se­cu­ri­ties Com­mis­sion of Malaysia, and it is also be­lieved to be the first P2P crowd­fund­ing plat­form in the world to of­fer multi risk re­duc­tion in­vest­ment strate­gies to lower the risk of in­vest­ments.

Soh added that Moneysave aims to ex­pand its busi­ness in In­done­sia and other Asean coun­tries in the next three years.

At the mo­ment, the plat­form is pre­par­ing its sub­mis­sion to the Se­cu­ri­ties Com­mis­sion of Malaysia to be a Shariah-com­pli­ant P2P crowd­fund­ing plat­form by Au­gust 2020.

Moneysave of­fers a free and con­ve­nient in­vest­ment plat­form that al­lows in­vestors to regis­ter and start in­vest­ing in less than three min­utes through its 100 per cent on­line por­tal which is ac­ces­si­ble glob­ally.

It also al­lows SMEs to ap­ply for the fund­ing re­quest and re­ceive a con­di­tional ap­proval from Moneysave within three min­utes.

“In or­der to lower the cost of fi­nanc­ing, the SMEs would be re­warded with in­cen­tives if they per­form or meet cer­tain risk re­duc­tion cri­te­ria.

“The max­i­mum in­cen­tive that can be awarded to any sin­gle in­vest­ment note is 5.0 per cent per an­num at any time,” the com­pany said, adding that in­vestors would get to fil­ter and choose in­vest­ment notes based on the var­i­ous risk re­duc­tion cri­te­ria met by the re­spec­tive SMEs, thus re­duc­ing their in­vest­ments risks.

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