Fundaztic is an online financing and investment marketplace that supports funding applications from businesses and individuals while allowing investors to provide funds through the platform. Its central function is to connect these participants through a digital process with published funding terms, repayment periods, APR information, and applicable borrowing fees.

Online funding applications

The platform provides an online application process for borrowers seeking financing. The source describes this process as simple and streamlined, with the aim of making funding access more straightforward for businesses and individuals. Fundaztic also presents itself as having low entry barriers, including for smaller businesses or people who may not qualify for some traditional financing or investment options. This describes the platform's stated purpose rather than a guarantee that every applicant will qualify or receive funding.

Funding terms and marketplace visibility

Fundaztic is positioned as a transparent and fair marketplace where borrowers and investors can review the terms and conditions associated with funding. The published repayment period for funding ranges from 6 months to 36 months. The stated Annual Percentage Rate ranges from 8.15% to 13.85% per year. These figures describe the ranges provided in the source and should be considered alongside the specific terms presented for an individual funding request.

Investment participation

Investors can provide funds through the platform in exchange for potential returns on investment. The source refers to a range of investment notes and presents them as a way for investors to diversify their portfolio. Returns are described as an opportunity rather than a guaranteed outcome. The same online marketplace structure is intended to give both sides visibility into funding conditions before they make decisions.

Borrowing fees

Two borrowing-related charges are identified in the supplied information. A RM1,000 fee applies at the Funding Application stage for verifying and reviewing a funding request. An Origination Fee is also stated as 1% per year of the principal amount for the funding tenure, covering platform administration costs. Applicants should review the applicable terms and charges for their request before proceeding.

Platform operator

Fundaztic is owned and managed by Peoplender Sdn Bhd. The source identifies Peoplender Sdn Bhd as a licensed Recognised Market Operator by the Securities Commission of Malaysia.