BigFundr, an innovative and leading fintech platform that provides retail investors access to real estate credit investments, is proud to announce significant milestones since its launch in October 2021Founded in Singapore and licensed and regulated by the Monetary Authority of Singapore (MAS) BigFundr has demonstrated impressive growth over the past three years, building a reputation for trust among both retail and accredited investors, while cementing its presence in the market and significantly expanding its customer base. (cinecitta.obernai)
Over the past two years, BigFundr has experienced nearly five-fold growth as the platform’s total number of clients increased from over 1,100 at the end of 2022 to an impressive 5,200 by mid-2024. BigFundr’s financial metrics also reflect its robust growth curve. The platform’s Total Loans Under Management (LUM), a key indicator of its scalability, has been consistently doubling every six months and currently stands at S$160 million.
In the future, the platform is expected to surpass S$500 million in total LUM by 2026. These inflection points underscore BigFundr’s strong market attractiveness and ability to grow in today’s competitive retail investment environment.
A bright future for private investors
BigFundr is strategically positioned to capitalize on growth opportunities in Australia’s thriving real estate industry through targeted investments in commercial and residential real estate debt markets. Since its inception, BigFundr has successfully financed projects that have S$275 millionall with a zero percent default rate, which strengthens the company’s reputation as a reliable investment platform.
BigFundr aims to make real estate-backed investments safer and more accessible. It enables retail investors to invest in real estate with just 1,000S$This approach has democratized investment opportunities previously available only to those with large capital, offering returns comparable to larger investments.
When we reflect on the company’s progress, Quah Kay Beng, CEO and Founder of BigFundr noted: “Our remarkable growth over the past three years is a testament to the strong partnership between Maxi-Cash and BigFundr. We share common values in our desire to be the preferred investment platform for retail clients. Belief in our shared vision has been critical to our success and we are proud to have delivered on our promise to create lasting value together.”
Solid support from companies
Founded in 2008, Aspial Lifestyle Limited is an investment holding company specializing in consumer lifestyle and houses brands such as Maxi-Cash, Lee Hwa Jewellery and Goldheart. The parent company, Aspial Corporation Limited is the first listed jewellery retailer on the Singapore Exchange (SGX) managing a broad range of businesses including jewellery retail, property development, financial services and hotel and resort management.
In February 2024, Maxi-Cash Capital Management (a wholly owned subsidiary of Aspial Lifestyle Limited) has increased its stake in BigFundr from 15% to 70%. This investment not only reinforces confidence in BigFundr’s highly scalable business and its mission to make the real estate lending sector more accessible to retail investors, but also solidifies BigFundr’s position within the fintech industry. The extensive support from the Aspial group of companies ensures a safe and reliable platform for investors and provides robust protection for principal and interest on real estate lending investments.
“This development represents a significant turning point for BigFundr. The company is in a position to significantly accelerate its growth trajectory and expand the opportunities for its investors,” commented Koh Wee Seng, CEO of Aspial Corporation Limited. He also noted, “Thanks to our strategic partnership with BigFundr, the company has exceeded our initial growth expectations. We are confident that with the current base of loyal investors as well as new investors, we will continue to exceed our growth trajectory.”
“What began as a model to democratize real estate credit investments for the retail market has now proven to be a viable and practical investment opportunity that is highly accessible and scalable,” said Meelan GurungSenior Director, Corporate Finance and Investments, Aspial Corporation Limited“With Aspial’s strategic support, we look forward to continuing to grow BigFundr in both size and scale,” he added.
To BigFundr
BigFundr is the first and only MAS-licensed fintech platform that provides retail investors with access to real estate-backed investments starting from just 1,000 US dollars. In February 2024, BigFundr became a subsidiary of Maxi-Cash Capital Management (MCCM) after SGX-listed Aspial Lifestyle Limited increased its stake from 15% to 70%. Bigfundr’s mission is to democratize investing and make better returns safer and more accessible for all.
