BigFundr hits $160 mil in loans under management, eyes $500 mil by 2026
Released in October 2021, BigFundr is the very first fintech channel licensed by the Monetary Authority of Singapore (MAS) in Singapore to provide retail financiers accessibility to real estate financial obligation investment options starting from $1,000. In contrast to straight-out property purchase, BigFundr crowdsources a credit line to real estate makers and earns interest rate on the primary amount over a predetermined period.
Since the platform’s debut in 2021, it has financed over $275 million in growth fundings and claims a 0% default price.
Real estate liability investment platform BigFundr has recently introduced in an Aug 27 news release that the platform’s total loans under management (LUM) now stands at $160 million.
” Our remarkable progress over the past 3 years is a testimony to the strong collaboration between
Maxi-Cash and BigFundr. We share common worths in our wish to be the go-to investment platform for retail clients,” claims Quah Kay Beng, Chief Executive Officer of BigFundr.
BigFundr’s growth in total LUM was set up by its development in consumers. The number of capitalists on the platform rose from 1,100 since end-2022 to 5,200 as of mid-2024.
In February, MCCM uplifted its shareholding in BigFundr from a first 15% to the present 70% risk.
” What started off as a version to democratise realty debt financial investment to the retail market has presently confirmed to become a sensible and practical financial investment prospect that’s very easily accessible and scalable,” claims Meelan Gurung, top supervisor of corporate money and financial investments at Aspial Corp. “With Aspial’s calculated support, we anticipate expanding BigFundr both in size and scope.”
Maxi-Cash Capital Management (MCCM) currently possesses a 70% stake in BigFundr and supplies safeguards for both primary and interest in the platform’s property financial debt ventures. MCCM is a completely had subsidiary of investment holding business Aspial Lifestyle, which is a unit of Aspial Corp
BigFundr’s overall LUM has roughly multiplied every 6 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, right before growing to $160 million as of this month. The platform says it is on path to cross $500 million in total LUM by 2026.
