Leverage on our Covid-19 Relief Financing. of Outstanding Financing for each tenure period. Initial capital: RM1000 If the freight fees are not prescribed or clearly prescribed in the purchase order, ... peer-to-peer financing services through its subsidiary B2B FinPal Sdn Bhd as well as domestic logistics distribution services through Asia Commerce Logistics Sdn Bhd(ACL), its joint venture company with Hercules Logistics ShenZhen, China. Tag "B2B FinPAL" Lending. Grow and achieve great success for your business with our collateral free invoice financing and Working Capital Financing. A representative will get in touch to personally guide you through the next step. B2B Finpal is a peer-to-peer financing platform for businesses in Malaysia. As of January 2018, it is the second largest player in the local P2P lending industry, holding approximately 25% market share. Disbursement from 87.5% (tenure more than 120 days) up to 90% (90-120 days tenure) of the Financing Amount, with the balance being retained as Reserve Amount for fees, interest and charges. Mobile app: Yes. In May 2019, SC Malaysia announced additional licenses to 5 new peer-to-peer lending operators. One way is to manage it digitally, using referral program software, but these come with associated fees and a cost in time. The business had cash-flow issues. How did you find usFacebookGoogle SearchNewspaperWebinarSeminar/EventEmail NewsletterFriends or RelativesOthers. Ready To Take. Finpal presents the first session of its new module, Simplifying Personal Finance. Date approved: November 2016. Fees. On the other hand, B2B Finpal is earning me 2.8%. The average duration of B2B Finpal’s financing notes is 112 days (as at March), which means most of its notes do not meet the SC’s requirements. 2. “The issuer runs a fresh food business and it was affected as well. The only drawback is that the service fee charged by B2B Finpal is relatively higher than the other P2P lending platforms. The afternoon session of Business Summit will have 3 Panel Discussions and Talk Sessions respectively (Concurrent Sessions), which include 3 main topics, “Industry, Service and SMEs in the Digital Age”. In an effort to expand P2P financing access for SMEs, the Securities Commission of Malaysia (SC) appointed six P2P operators to run P2P platforms namely B2B FinPAL, Ethis Kapital, FundedByMe Malaysia, ManagePayServices, Funding Societies Malaysia (Modalku Ventures) and Fundaztic (Peoplender). Ng says Fundaztic has a higher targeted rate of 5% to 8%. Operator: B2B Finpal Sdn Bhd. B2B Finpal. Funding Societies. There will be Lucky Draw Session in Closing Ceremony of the event. Operator: B2B Finpal Sdn Bhd. Required Financing Amount*less than RM50,000RM50,000 - RM75,000RM75,000 - RM150,000RM150,000 - RM1million Interest rate. Peer Pressure: Malaysia’s Peer to Peer Lending (P2P) Performance. The Borrower must consider the interest rate for the loan and other fees whether it is pertinent with its capability in settling the loan. Disbursement at 90% of the Financing Amount, with the balance being retained as Reserve Amount for fees, interest and charges. B2B FinPAL, Ethis Kapital, FundedByMe Malaysia, ... as well as additional charges such as late fees. However, please note the platform fee (or the fee charged from repayment or sharing on interest received). Phone: +603 7629 7333; Address: B2B Finpal, Unit T2-L9, Level 9, Tower 2 PJ 33 (Jaya 33) Jalan Semangat, Seksyen 13 46200 Petaling Jaya, Selangor PT B2B Finpal Indonesia (Operator) is a legal entity established under the Law of the Republic of Indonesia, which is regulated under the supervision of the Financial Services Authority. B2B Finpal is in the process of recovering a defaulted payment by bringing the issuer to court. Membership Fee (One Time) * Subject to prevailing Tax (whichever is applicable) MYR 1,000 / USD 250: Free : Sign Up: Sign Up For assistance please contact us at +603 – 7629 7300 / helpdesk@b2bdaigor.com. Visit us to learn more about our products! Latest Industry News & Activities Get updated with MCBEA’s recurring list of activities and news. Fees All three companies do not charge account opening fee. © 2018 B2B Finpal B2B Finpal - P2P lending platform in Indonesia that offer P2P lending for MSMEs. Remaining Reserve Amount after deducting the processing fee, interest and other relevant costs will be refunded to borrower upon borrower’s full settlement. The invoice financing notes offered by B2B Finpal have a minimum investment amount of RM1,000. That can look imposing for merchants. We would like to inform you that this is a fraud attempt by certain malicious party. They are CapitalBay, Capsphere Services, Crowdsense, MicroLeap and Money Save Capital. B2B Finpal. B2B Finpal. “Which is the best P2P lending platform in Malaysia?”. 1% of total repayment is charged as investment fees. For working capital and business expansion, For cashflow needs attributable to pandemic situation. 12,000 Southeast Asia FMCG players are already on our supply chain services platform with trade value of USD10 billion per annum. B2B Finpal Sdn Bhd operates B2B Finpal, a licensed P2P financing platform that offers invoice financing and working capital financing of up to RM1 million. Fundaztic. Any frauds shall be digitally recorded in the cyberspace and can be known to the society in the social media. but remember that the notes are mostly short term notes. Actual interest and fee offered to Issuer may vary depending on the risk grading assigned to the Issuer. Its interest rates range from 12.5% to 18% per annum with financing tenures of 90 to 180 days. The First China-ASEAN Online Trade Fair (11th-13th Sep 2020) ... One time Entrance Fees for all categories: RM 50 (ii) Subscription are structured as below: a) Life member RM2,000 one time It charges the investors a service fee equivalent to 30% of the interest earned. By promoting contracting opportunities to M/WBEs, the City's growth and economic stability is enhanced. Annual Subscription Fee. Borrowers benefit from a streamlined application process, quick funding decisions and 24/7 access to the status of their loan. of Outstanding Financing for each tenure period. B2B Finpal is a Malaysia P2P lending platform with in-house risk management technology and partnership with trusted Credit Bureau. Investors generate revenue from the remaining portion of the interest that borrowers pay on the loan. B2B Finpal. The tenure of these notes ranges from one to four months, with simple interest rates of 11.5% to 17% per annum. Need help to recover from the pandemic? Fundaztic aims to drive access to financing so, even micro businesses and start-ups can apply. Besides that, for P2P I invested into Funding Societies and B2B Finpal. The price indicated is for illustration purpose only. It will benefit existing SMEs in the import export market and those who are ready to take on the global market. They are even charging the same 30% fee on those issuers that are not using their B2B platform! Rates are based on B2B Bank Prime and are subject to change. http://www.b2bfinpal.com/ Funding Societies: RM1,000 to start an account: RM100 per campaign Disbursement at 90% of the Financing Amount, with the balance being retained as Reserve Amount for fees, interest and charges. All Rights Reserved. Processing fee at 1.5% if 90 to 120 days of financing, 2.0% if 150 days to 180 days of financing; Actual interest and fee offered to Borrower may vary depending on the risk grading assigned to the Borrower. Peer to Peer Lending or better known as P2P Lending refers to an online platform that matches lenders to borrowers, the concept is widely believed to be introduced by Zopa and popularised by the likes of Lending Club. Verdict B2B Finpal is a decent investment option for those seeking exposure to SME’s and supply chain via their B2B Eco invoice (eco meaning ecosystem). Though the investment opportunities are not as high as Funding Societies, B2B Finpal offers quite a fair number of investment notes. The tenure of these notes ranges from one to four months, with simple interest rates of 11.5% to 17% per annum. The invoice financing notes offered by B2B Finpal have a minimum investment amount of RM1,000. The platform charges a fee of 1% to 2% per disbursement depending on the financing tenure of a particular investment note. That can look imposing for merchants. Date approved: November 2016. Get your application approved within 3 days. The net return to investors after deducting fees ranges from 8.05% to 11.9% per annum. of Financing Amount for the tenure financed. B2B FinPal Sdn Bhd. Should you have any doubts or questions, please do not hesitate to contact us at helpdesk@b2bfinpal.com, Company Operating State*JohorKedahKelantanKuala LumpurLabuanMelakaNegeri SembilanPerakPerlisPulau PinangSabahSarawakSelangorTerengganu Documents required: IC, bank statement, and utility bill. We won’t charge any fee if you decided to decline our offer. Though the investment opportunities are not as high as Funding Societies, B2B Finpal offers quite a fair number of investment notes. Small and medium enterprises (SMEs), most of which are facing a crunch in their cash flow following the Movement Control Order (MCO), are wondering if they should look at peer-to-peer funding as a possible solution. In May 2019, SC Malaysia announced additional licenses to 5 new peer-to-peer lending operators. PayPal’s general rule of thumb is that for domestic personal transactions (between friends and family in the same country), there are no fees. Securities Commission Malaysia has regulated the interest rates on these platforms at between 5% to 18% and companies do not need to pledge collateral to get the funding. The platform charges a fee of 1% to 2% per disbursement depending on the financing tenure of a particular investment note. The calculation above assumes: Processing fee at 1.5% of Financing Amount. B2b Finpal is a local P2P lending player, but it’s not a complete rookie to the SME space its parent company B2B Commerce (M) Sdn Bhd has been providing supply chain management software for the past 17 years to SMEs. Malaysian residents only. “We are aiming for 5%. Our form takes just minutes to fill in. The framework for B2B FinPal – B2B Finpal Sdn Bhd. 3. Fees: 30% of interest collected. supplier Membership package Features Premium Member Basic Member Company Verification (with Verified badge) Yes No Mini-site, Storefront & Banner Design Yes DIY Product Posting (Design + Photoshoot) Cover 5 Products SKUAdditional MYR 90/Product DIY Photo Bank Size 5GB 1GB Front Page Listing 4 requests / year No E-Settlement Yes Yes Logistics Service Yes Yes Advisory … I would like to apply for (may select more than 1)Invoice FinancingWorking Capital FinancingCovid-19 Relief Financing Peer-To-Peer (P2P) Financing or Peer-To-Peer (P2P) Lending is a way of lending money to individuals or businesses through online services that match lenders / investors and borrowers. However, the platform is on the verge of launching its new Covid-19 relief financing notes, which could have a tenure of up to 18 months. 30% of total interest is charged as part of an Interest Sharing Scheme. Actual interest and fee offered to Issuer may vary depending on the risk grading assigned to the Issuer. In the event of any delinquent and/or defaulted Issued Note(s), B2B Finpal may incur costs such as legal fees and collection charges in recovering the Issued Notes amount from the Issuer. Securities Commission Malaysia has regulated the interest rates on these platforms at between 5% to 18% and companies do not need to pledge collateral to get the funding. B) Annual Review Fee You can refer to this article that shows the comparison of all P2P lending platforms in Malaysia. Er says the issuer had defaulted on its payment due to a major flood that affected the country’s northern states last year. Fees; AlixCo: 2.59%: RM500: 0.35% -2% of repayment: B2B Finpal: 3.15%: RM1,000 initial deposit, RM100 per campaign: 30% of interest earned: CapitalBay P2P Financing platform: 0%: RM10,000: 10% to 30% of interest earned: Capsphere: 0%: RM200 initial deposit, RM50 per campaign: Up to 2% of monthly repayments: Cofundr : not stated: RM1,000 initial deposit, RM100 per campaign: For … These costs if incurred, may be reimbursed and deducted from the recovery amount collected from Issuer should the available reserve fund of the Issuer insufficient to cover such costs. Fees to receive funds out of PayPal to your bank account. Default rate: 2.94%. Auto-invest function: Yes. B2B Finpal is a P2P financing platform operator which facilitates our approved SMEs to seek financing via Notes issuance on our platform for our Investors’ investment consideration. , the first platform to launch, successfully raised RM320,000 for two term financing! 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