Bigfundr Hits 160 Mil Loans Under Management Eyes 500 Mil 2026

BigFundr, a real estate debt investment platform, has recently announced in a press release dated August 27 that their total loans under management (LUM) have reached $160 million. This is a result of the platform’s consistent growth, with their LUM doubling every six months for the past year. From $44.6 million in July 2023, it grew to $77.5 million in January, before reaching $160 million this month. The platform also revealed plans to surpass $500 million in total LUM by 2026.

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BigFundr’s increase in LUM is largely attributed to its expanding customer base. The number of investors on the platform has risen from 1,100 in late 2022 to 5,200 in mid-2024. This is a testament to the platform’s popularity among retail investors.

Launched in October 2021, BigFundr is the first fintech platform in Singapore to offer retail investors access to real estate debt investments starting from $1,000. Instead of directly acquiring properties, the platform uses crowdsourcing to provide developers with a line of credit and earns interest on the principal amount over a fixed period of time.

Since its inception, BigFundr has funded over $275 million in development loans and boasts a 0% default rate. “Our remarkable growth over the past three years is a testament to the strong partnership between Maxi-Cash and BigFundr. We both share a common goal of becoming the preferred investment platform for retail customers,” says Quah Kay Beng, CEO of BigFundr.

Maxi-Cash Capital Management (MCCM) currently holds a 70% stake in BigFundr and offers protection 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 that is a part of Aspial Corp.

In February, MCCM increased its shareholding in BigFundr from 15% to 70%. “What began as a way to democratize real estate debt investments for the retail market has now proven to be a feasible and accessible investment opportunity that can be scaled up,” says Meelan Gurung, senior director of corporate finance and investments at Aspial Corp. “With Aspial’s strategic support, we are confident in the growth of BigFundr in terms of size and scope.”