Bigfundr Hits 160 Mil Loans Under Management Eyes 500 Mil 2026
BigFundr, a real estate debt investment platform, recently announced in a press release on August 27 that their total loans under management (LUM) have reached $160 million. This marks a significant increase in their LUM as it has doubled every six months in the past year.
The platform reported that their total LUM has grown from $44.6 million in July 2023 to $77.5 million in January, before reaching $160 million in August. They also stated that they are on track to surpass $500 million in total LUM by 2026. This growth can be attributed to the increasing number of customers on the platform, which has grown from 1,100 in late 2022 to 5,200 in mid-2024.
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BigFundr was launched in October 2021 and is the first fintech platform in Singapore licensed by the Monetary Authority of Singapore (MAS) to provide retail investors with access to real estate debt investment opportunities. These opportunities start from as low as $1,000. Instead of directly purchasing a property, BigFundr pools funds from investors to provide a line of credit to real estate developers. In return, they earn interest on the principal amount over a fixed period of time.
Since its launch, BigFundr has funded over $275 million in development loans and claims a 0% default rate. The platform attributes its success to its strong partnership with Maxi-Cash Capital Management (MCCM), who currently owns 70% of BigFundr. MCCM, a subsidiary of Aspial Lifestyle and Aspial Corp, provides safeguards for both the principal and interest in the platform’s real estate debt investments.
Quah Kay Beng, CEO of BigFundr, credits the platform’s remarkable growth to the partnership with Maxi-Cash. He emphasizes their shared values in providing a reliable investment platform for retail customers. In February, MCCM increased its shareholding in BigFundr from 15% to 70%.
Meelan Gurung, senior director of corporate finance and investments at Aspial Corp, states that their initial goal to democratize real estate debt investments has proven to be a successful and accessible opportunity, thanks to Aspial’s strategic support. They are confident that with Aspial’s continued support, BigFundr will continue to grow in size and scope.