BigFundr, a real estate debt investment platform, has achieved a significant milestone, with its total loans under management (LUM) reaching $160 million, as announced on August 27. The platform’s LUM has nearly doubled every six months over the past year, growing from $44.6 million in July 2023 to $77.5 million in January, and then surging to $160 million by this month. BigFundr is on track to surpass $500 million in total LUM by 2026, according to the platform’s projections.
“Our remarkable growth over the past three years is a testament to the strong partnership between Maxi-Cash and BigFundr. We share a common goal of becoming the leading investment platform for retail consumers,” said Quah Kay Beng, CEO of BigFundr.
Maxi-Cash Capital Management (MCCM), which currently holds a 70% stake in BigFundr, provides safeguards for both principal and interest in the platform’s real estate debt investments. MCCM is a wholly-owned subsidiary of Aspial Lifestyle, an investment holding company under Aspial Corp.
BigFundr’s impressive growth in LUM has been fueled by a significant increase in its user base. The number of investors on the platform rose from 1,100 at the end of 2022 to 5,200 as of mid-2024.
“What began as a model to democratize property finance investment for the retail market has proven to be a viable and attractive investment option that is highly accessible and scalable,” said Meelan Gurung, Head of Corporate Finance and Investments at Aspial Corp. “With Aspial’s strategic support, we look forward to expanding BigFundr both in size and scope.”
In February, MCCM increased its shareholding in BigFundr from an initial 15% to the current 70% stake, further solidifying its commitment to the platform.
Since its launch in October 2021, BigFundr has financed over $275 million in development loans and boasts a 0% default rate.
BigFundr is the first fintech platform licensed by the Monetary Authority of Singapore (MAS) to offer retail investors access to real estate debt investment opportunities starting from $1,000. Unlike direct property acquisition, BigFundr crowdsources credit lines to real estate developers and generates interest on the principal sum over a specified period.