B2B Financing — First Case of Delinquency
As mentioned before, I put a little bit of money in two B2B financing companies — Funding Societies and B2B Finpal. About four months has passed.
Recently when I opened my accounts to check, I found one of the investment in b2B Finpal showed "Delinquent". As I googled the meaning, "delinquent" means "being overdue in payment". So, I had came across my first case of "non payment".
I remembered a famous blogger's posting about a default in one of his crowdfunding investment. The crowdfunding company take efforts to identify the problem and keep in contact with borrower to arrange for payment. In my case, I am sure B2B Finpal will do the necessary to discuss with borrower to repay the money.
The table of my investments showed the borrower is expected to repay by 11/1/2019. But on 3/1/2019, I received email from B2B Finpal saying the problematic investment had been repaid. And I checked in B2B Finpal investor's website, yup it had been paid.
Following that, I reviewed my investment criteria. I decided to tightened the investment quality. Initially, I set for Grade A, B and C with different exposure percentage. As I see the interest rate difference between Grade B and C is about 2%–3%, I decided to tightened to invest in Grade A and B only. Temporary, I will leave out Grade C investment.
If you too want to diversify some money into B2B Financing, you may consider them. All the two companies provide referral scheme. And mine are
Funding Societies:- http://promo.fundingsocieties.com.my/referral-program/?r=jjqsmwav
Funding Societies rewards the introducer and investors with RM50 when investor sign up and invest a minimum of RM1,000. So it benefits both of us.
Fundaztic:- https://p2p.fundaztic.com:443/generalize/regist?member=e1hvJ8%2Fctu1o9eb9s9%2FZXA%3D%3D,
B2B Finpal :- Put IN001029-Teo Soon Ann in the last column Referral Code when doing registration at https://prod.b2bfinpal.com/investor/registration.
