BigFundr hits $160 mil in loans under management, eyes $500 mil by 2026
Launched in October 2021, BigFundr is the initial fintech platform accredited by the Monetary Authority of Singapore (MAS) in Singapore to offer retail investors connectivity to property financial debt financial investment options starting from $1,000. In contrast to outright real estate acquisition, BigFundr crowdsources a line of credit to realty makers and gains interest on the primary sum over a predetermined period.
Since the platform’s debut in 2021, it has funded over $275 million in growth fundings and asserts a 0% default rate.
BigFundr’s development in total LUM was set up by its development in customers. The number of financiers on the platform rose from 1,100 as of end-2022 to 5,200 since mid-2024.
” What launched as a design to democratise property debt financial investment to the retail market has now shown to be a sensible and practical financial investment option that’s very available and scalable,” says Meelan Gurung, top director of corporate finance and investments at Aspial Corp. “With Aspial’s strategic assistance, we anticipate expanding BigFundr both in size and scope.”
” Our amazing growth over the past 3 years is a testimony to the solid partnership in between
Maxi-Cash and BigFundr. We share common values in our wish to be the best investment system for retail consumers,” claims Quah Kay Beng, CEO of BigFundr.
. In February, MCCM increased its shareholding in BigFundr coming from an original 15% to the current 70% risk.
Maxi-Cash Capital Management (MCCM) at the moment has a 70% risk in BigFundr and offers safeguards for both major and interest in the platform’s real estate financial debt ventures. MCCM is an entirely owned subsidiary of financial investment holding company Aspial Lifestyle, that is a unit of Aspial Corp
Realty liability investment system BigFundr has recently introduced in an Aug 27 news release that the platform’s complete lendings under management (LUM) now sets at $160 million.
BigFundr’s overall LUM has roughly multiplied every 6 months for the previous year. According to the platform, its overall LUM increased from $44.6 million as of July 2023 to $77.5 million since January, right before increasing to $160 million as of this month. The platform says it is on track to go across $500 million in total LUM by 2026.
