KUALA LUMPUR: Moneysave P2P Crowdfunding Platform has unveiled the world's first peer-to-peer (P2P) crowdfunding with more than 20 risk reduction incentives to small and medium enterprises (SMEs) or issuers seeking funding on its platform.
Moneysave said with its unique risk reduction incentives, the platform had been able to maintain a zero default rate for the last 95 investment notes that it has hosted and disbursed.
It said the investors yield was between 7.5 per cent and 16 per cent per annum with tenure of investments from one to four months.
"We are here to complement the various government initiatives such as Malaysia's Prihatin Rakyat Economic Stimulus Package (Prihatin), Bank Simpanan Nasional (BSN), Tekun Niaga Financing Scheme, Soft Loans for SMEs (SLSME), Penjana SME Financing, SME Bank, Mara, Special Relief Facility by BNM, Credit Guarantee Corporation (CGC) and Syarikat Jaminan Pembiayaan Perniagaan (SJPP) Guarantee Scheme, among others," said Moneysave chief executive officer Vincent Soh in a statement today.
Moneysave said for SMEs or investment note issuers, they were given up to 20 risk reduction incentives to reduce their business and credit risks which range from 0.25 per cent to 2.50 per cent interest reduction per annum.
Moneysave said its lower yielding notes of between eight per cent and 12 per cent per annum were usually subscribed faster, between one and six hours from live online hosting, than higher yielding 12-16 per cent per annum investments of one to four days.
On November 3, Moneysave announced the fastest Malaysian peer-to-peer (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 per cent subscription.