Our platform connect eligible homebuyer to lenders
Launched our beta platform and obtain in-principle approval from regulator.
Problem or Opportunity
60% of Malaysian homebuyer were rejected for the mortgage loan application from traditional banks since 2017. Based on an HSBC bank survey, about 2 out of 3 Malaysian millennials yet to own their 1st home and 94% of them want to buy one in the next five years
Solution (product or service)
HomeCrowd helps underserved millennial by using a holistic data-driven credit scoring that grants them access to a peer-to-peer (P2P) lending platform for mortgage or consumer loans.
FundMyHome other than traditional mortgage banks
Advantages or differentiators
i) We have a good relationship with regulators for further support
ii) We are a fintech team with complementing skillset and experiences
Interest margin : 0.5% p.a. of the loan amount in between the borrower and lenders
Money will be spent on
Debts - 40%
Hiring - 30%
Working capital - 15%
Marketing - 15%