BigFundr hits $160 mil in loans under management, eyes $500 mil by 2026
BigFundr’s complete LUM has around doubled every six months for the last year. According to the platform, its overall LUM expanded from $44.6 million as of July 2023 to $77.5 million as of January, before growing to $160 million as of this month. The platform states it is on monitoring to cross $500 million in total LUM by 2026.
” Our amazing progress over the past three years is a testimony to the solid collaboration between
Maxi-Cash and BigFundr. We share common values in our desire to be the best investment platform for retail consumers,” states Quah Kay Beng, CEO of BigFundr.
Realty unpaid debt investment platform BigFundr has already announced in an Aug 27 statement that the system’s complete lendings under managing (LUM) now stands at $160 million.
Maxi-Cash Capital Management (MCCM) presently has a 70% stake in BigFundr and supplies safeguards for both principal and interest in the platform’s property financial obligation assets. MCCM is a completely possessed subsidiary of investment holding company Aspial Lifestyle, which is a unit of Aspial Corp.
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BigFundr’s growth in total LUM was built by its development in customers. The number of capitalists on the platform rose from 1,100 since end-2022 to 5,200 as of mid-2024.
” What started as a model to democratise property finance investment to the retail market has presently proven to be a viable and reasonable investment option that’s highly obtainable and scalable,” says Meelan Gurung, top supervisor of company financing and financial investments at Aspial Corp. “With Aspial’s calculated assistance, we look forward to developing BigFundr both in size and range.”
In February, MCCM uplifted its shareholding in BigFundr coming from an original 15% to the current 70% stake.
Since the system’s debut in 2021, it has financed over $275 million in development fundings and claims a 0% default price.
Introduced in October 2021, BigFundr is the initial fintech platform licensed by the Monetary Authority of Singapore (MAS) in Singapore to offer retail investors connectivity to realty debt financial investment prospects starting from $1,000. In contrast to straight-out real property acquisition, BigFundr crowdsources a line of credit to real estate developers and makes interest rate on the principal sum over a set period.
