Funding Societies was one of my earliest partners when I started writing my blog. During that time, I was just a fresh blogger that was seeking opportunities to collaborate with other investment platforms to grow my brand & also to share the details of their platform. Fast forward a few years later, I was approached by them to collaborate on a webinar where I shared my experience in investing with them & my view towards Funding Societies.
During this session, there are a few takeaways that were shared by Shaun Khaw who is the Customer Experience Manager of Funding Societies. The part where he mentioned connecting SMEs that were creditworthy & needs financing to the investors that are looking to invest their funds truly shows a win-win situation between both SMEs & investors. SME’s are able to get their desired financing & investors are able to profit from it. Why not? Most important of all, Funding Societies will be filtering the list of SMEs before they onboard them to their investors.
There are also other initiatives that were done by Funding Societies including creating different investment types, setting up a Max Issuer Exposure (initiatives to minimize investor exposure to invest in the same borrowers) & also their auto-invest feature where investors can invest at ease. Investors also get to choose the types of investment based on their risk appetite. If investors prefer to invest in lower-risk notes, they can choose to invest in Guaranteed Investment Note. Account Receivable Financing & Account Payable Financing is mainly for SMEs that is seeking cash flow solution & Business Term Financing is to provide working capital for SMEs. Their auto-invest feature is a feature where investors can set an auto-invest based on their requirement to be such as products, tenure, interest rate range, investment amount & many others.
As a long-time investor with Funding Societies since 2018, my experience with them has always been good despite having few investment notes default with them. It is a risk that I knew was bound to happen when I started to invest with them. To mitigate these risks, it is highly recommended for you as an investor to invest with at least 10 notes instead of 1 note. For example, if you have RM1,000 to invest with them, you can set the auto-invest feature to invest RM100 to all their available or future notes & DO NOT invest in a single note with RM1,000. If you are a busy person, their auto-invest feature is a good solution for you since you only have to set it once & you can sit back & relax. Most important of all, it is important to know what you invest in or the platforms that you are investing in.
OSS!
You can also check out my latest YouTube video on Why Do You Need Financial Planning:
