BigFundr hits $160 mil in loans under management, eyes $500 mil by 2026
BigFundr’s total LUM has nearly replicated every six months for the previous year. According to the network, its entire LUM increased from $44.6 million as of July 2023 to $77.5 million as of January, before expanding to $160 million as of this month. The platform states it is on track to go across $500 million in overall LUM by 2026.
Maxi-Cash Capital Management (MCCM) currently owns a 70% stake in BigFundr and offers safeguards for both primary and interest in the system’s property financial obligation assets. MCCM is a wholly owned subsidiary of financial investment holding business Aspial Lifestyle, which is a unit of Aspial Corp
BigFundr’s development in total LUM was built by its growth in customers. The amount of investors on the platform rose from 1,100 since end-2022 to 5,200 since mid-2024.
” What started as a design to democratise property debt financial investment to the retail market has at this time proven to become a viable and practical investment prospect that’s extremely obtainable and scalable,” says Meelan Gurung, top director of corporate finance and investments at Aspial Corp. “With Aspial’s calculated support, we expect growing BigFundr both in size and scope.”
Ever since the system’s kick off in 2021, it has financed over $275 million in development fundings and claims a 0% default price.
” Our exceptional progress over the past 3 years is a testimony to the strong collaboration between
Maxi-Cash and BigFundr. We share common values in our wish to be the best investment system for retail customers,” says Quah Kay Beng, Chief Executive Officer of BigFundr.
Real estate liability investment platform BigFundr has recently introduced in an Aug 27 news release that the platform’s overall loans under management (LUM) now sets at $160 million.
Started in October 2021, BigFundr is the first fintech platform accredited by the Monetary Authority of Singapore (MAS) in Singapore to offer retail capitalists accessibility to property debt investment prospects beginning with $1,000. In contrast to downright real estate procurement, BigFundr crowdsources a line of credit to realty makers and gains interest rate on the primary sum over a fixed period.
In February, MCCM raised its shareholding in BigFundr coming from an initial 15% to the current 70% risk.
