(Fundaztic) has started operating as the seventh peer-to-peer (P2P) financing platform in Singapore.

Fundaztic, majority-owned by Peoplender Sdn Bhd from Malaysia, was first awarded the license by the Monetary Authority of Singapore on Jan 18 2021. It was then given six months to get its systems ready before the public launch.

Peoplender Sdn Bhd is also behind for Fundaztic in Malaysia, which is one of the six operators in the country to be registered as Recognised Market Operator (RMO) for P2P by the Securities Commission of Malaysia.

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