Cofundr
Cofundr is a Malaysian Securities Commission-registered P2P crowdfunding platform that connects MSMEs seeking alternative financing with retail and corporate investors via Shariah-compliant working capital, invoice, insurance premium, and takaful contribution financing products.
- Company typePrivate
- Founded2018
- HeadquartersKuala Lumpur, Malaysia
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
Cofundr firmographics
Firmographics- Name
- Cofundr
- Legal name
- Crowd Sense Sdn Bhd
- Website
- https://cofundr.com.my
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Cofundr is a Malaysian Securities Commission-registered P2P crowdfunding platform that connects MSMEs seeking alternative financing with retail and corporate investors via Shariah-compliant working capital, invoice, insurance premium, and takaful contribution financing products.
- Ownership category
- akta.pro rank
Cofundr industry classification
Industry- Product category
- P2P Crowdfunding / Alternative Lending
- NAICS
- Sales Financing (52222)
- SIC
- Loan Brokers (6163)
- akta.pro primary industry
- P2P Small Business / SME Marketplace Lending (FSAKAHAC)
Keywords
Where Cofundr is headquartered
LocationHeadquarters
- HQ city
- Kuala Lumpur
- HQ country
- Malaysia
- HQ region
- Asia
Offices2 records
Markets served
Cofundr business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Others
Revenue model
- Platform Fees from Investors: Cofundr charges investors a platform fee of 20% of interest earned on Insurance Premium Financing, Working Capital and Invoice Financing products. For Takaful Contribution Financing and Islamic Invoice Financing, the platform fee is 20% of profit earned. These fees are deducted from the investor's monthly payout amount.
- Issuer Processing Fees: Issuers pay processing fees upon acceptance of their funding request offer. For Insurance Premium Financing, processing fee is up to 1.00% per campaign. For Working Capital Financing, processing fee is up to 5.00% per campaign. These fees are non-refundable if the issuer cancels after initiation.
- Issuer Platform Fees: Platform fees charged to issuers upon successful fund raise. Insurance Premium Financing: up to 2.00% per campaign. Working Capital Financing: up to 5.00% per campaign or minimum RM5,000. Fees are refundable if platform fails to raise minimally 80% of the financing amount.
- Withdrawal and Administrative Fees: Investors are charged RM1.00 withdrawal processing fee. Issuers pay early settlement fees, late interest charges, and default management administrative fees ranging from 1% to 3% of outstanding amounts.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Monthly | Investor Platform Fee - 20% of returns |
| Unit Pricing | Monthly | Insurance Premium Financing - Interest up to 12% p.a. |
| Unit Pricing | Monthly | Working Capital Financing - Interest up to 18% p.a. |
| Unit Pricing | Monthly | Takaful Contribution Financing - Profit up to 12% p.a. |
| Outcome Based/ Performance | Monthly | Investment Returns - Up to 18% p.a. |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
Cofundr product offering
Product offeringCore offering
Cofundr operates a P2P (Peer-to-Peer) Crowd Financing platform registered with Securities Commission Malaysia as a Recognized Market Operator. The platform connects qualified Malaysian MSMEs seeking financing with registered individual and corporate investors, offering products including Insurance Premium Financing, Working Capital Financing, Takaful Contribution Financing, Islamic Invoice Financing, and SARANA government contract financing. The company also operates KitaCover, an AI-powered insurance simulator that helps SMEs assess coverage needs.
Product overview
Cofundr operates as a unified P2P crowdfunding platform offering multiple Shariah-compliant financing products for Malaysian MSMEs. The core platform connects borrowers with investors, supplemented by specialized products including Insurance Premium Financing (up to 75% of premium, 6-month repayments), Working Capital Financing (up to RM1 million, 5-day approval), Takaful Contribution Financing (4-6 monthly payments, no guarantors), and Islamic Invoice Financing. The ecosystem includes KitaCover, an AI-powered insurance simulator that provides coverage recommendations. All financing products are accessible via mobile applications (iOS and Android) and are structured to be Shariah-compliant with oversight from registered Shariah advisers.
Differentiator
Problem solved
Functional benefit
Brands
- KitaCover: AI-powered insurance simulator for SMEs to determine insurance coverage needs and costs, with pre-approved insurance premium financing plans.
Products and services
- Cofundr P2P Platform Malaysia's peer-to-peer (P2P) crowdfunding platform that connects qualified Micro, Small, and Medium Enterprises (MSMEs) with investors for alternative financing. Registered as a Recognized Market Operator with Securities Commission Malaysia.
- Insurance Premium Financing Financing solution enabling businesses to pay insurance premiums in monthly installments instead of full upfront payment. Provides financing up to 75% of premium with up to 6-monthly repayment terms. Interest rate up to 12% p.a. with processing fee up to 1% and platform fee up to 2% per campaign.
- Working Capital Financing P2P financing product for SMEs to secure working capital through an alternative source beyond traditional banking. Financing amount up to RM1 million with approval within 5 working days. Interest rate up to 18% p.a. with processing fee up to 5% and platform fee up to 5% per campaign (minimum RM5,000).
- Takaful Contribution Financing Shariah-compliant financing solution enabling MSMEs to partially finance takaful (Islamic insurance) contributions through four or six equal monthly payments without affecting coverage. No guarantors or collateral required. Profit rate up to 12% p.a.
- Islamic Invoice Financing Shariah-compliant invoice financing allowing businesses to unlock cash flow from their invoices while waiting for customer payments. Structured through Murabahah (cost-plus financing) arrangement.
- SARANA Government Contract Financing Government contract financing program enabling businesses to access capital for government contracts from project kick-off to invoice payout. Operated in partnership with Securities Commission Malaysia.
- KitaCover AI Simulator AI-powered insurance simulator that helps SMEs understand their insurance needs and provides recommendations for business coverage. Part of Cofundr's mission to get uninsured SMEs insured through education and awareness, with cross-promotion of insurance premium financing products.
Quantifiable outcome
- RM9.08 billion in funds raised through 128,176 successful campaigns
- +6 more outcomes
Companies that use Cofundr
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
Cofundr technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Cofundr partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- Muamalat Invest Sdn Bhd (MISB)coreFormalized collaboration on October 16, 2025 to widen access to Shariah-compliant fixed-income opportunities. The partnership allows the MiDAS Fund to participate in eligible Islamic Investment Notes listed on Cofundr's P2P platform. This connects purposeful Islamic capital to Malaysia's real-economy MSMEs while providing investors exposure to curated SME financing. The collaboration aligns with Securities Commission Malaysia's Capital Market Masterplan 3 and MSME & MTC Roadmap 2024-2028.
- Maybank Trustee BerhadcoreHolds trust accounts on behalf of investors and issuers on the platform. All investors' funds are held in Trust Accounts managed by this licensed trustee, providing security and regulatory compliance for platform operations.
- MasryefcoreRegistered Shariah Adviser under Securities Commission Malaysia and partner of Malaysia Digital Economic Corporation (MDEC). Provides Shariah compliance advisory for Takaful Contribution and Islamic Invoice Financing products, ensuring all Islamic financing operations meet regulatory and religious standards.
Scale indicators6 records
Recent moves6 records
Cofundr competitors and assessment
Company assessmentDirect peers
- PitchIN: Malaysian Securities Commission-registered Recognized Market Operator offering equity-based and P2P crowdfunding for SMEs. Same regulatory framework as Cofundr and competes for the same Malaysian MSME issuer pool, though with an equity-crowdfunding emphasis.
- Funding Societies: SEA's largest P2P/SME financing marketplace, operating in Malaysia, Singapore, Indonesia and Vietnam via the Modalku brand. Most direct competitor to Cofundr in Malaysian MSME P2P lending, with overlapping issuer base and SC Malaysia registration.
- CapBay: Malaysian supply chain finance and SME financing platform combining P2P and traditional SCF. Direct comparable for Cofundr's Islamic Invoice Financing and working capital products.
- KoinWorks: Indonesian P2P lending fintech serving SMEs with supply chain finance and working capital products under OJK regulation. Shares Cofundr's P2P marketplace model, mobile-first platform and SME niche across SEA.
- Validus Capital: Singapore-headquartered P2P platform providing SME financing across SEA. Comparable P2P marketplace model, regulated under similar frameworks, and serves an overlapping regional MSME investor/issuer base as Cofundr.
- Crowdo (previously Crowdo Asia/Money Lender): Singapore/Malaysia-based P2P business-lending platform serving SMEs across SEA. Closely comparable marketplace-lending model targeting similar MSME borrower and retail investor segments.
Broad incumbents
- Kiva: Global not-for-profit P2P microlending platform funding small/micro businesses. Comparable marketplace funding MSME borrowers with retail crowdfunders, providing a reference for long-tail issuer financing at scale.
- LendingClub: Largest US P2P lending marketplace, publicly listed. Analogous marketplace-lending model with take-rate economics comparable to Cofundr's 20% investor fee and processing-fee structure.
- Funding Circle: UK-listed/global P2P SME lender. Established incumbent in the same P2P SME lending category as Cofundr, providing the most mature comparable for unit economics, default cycles and regulatory evolution.
Emerging players
- BillEase: SEA consumer/SME credit fintech operating in the Philippines and Indonesia. Adjacent P2P/digital credit marketplace serving small businesses, increasingly overlapping with Cofundr's MSME borrower base across SEA.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Cofundr social profiles
Digital presenceCofundr compliance and trust
Trust signalCompliance2 records
Cofundr financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cofundr leadership team
Management profileNumber of profiles
Profiles1 record
Cofundr funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cofundr M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Cofundr
What does Cofundr do?
Cofundr operates a P2P (Peer-to-Peer) Crowd Financing platform registered with Securities Commission Malaysia as a Recognized Market Operator. The platform connects qualified Malaysian MSMEs seeking financing with registered individual and corporate investors, offering products including Insurance Premium Financing, Working Capital Financing, Takaful Contribution Financing, Islamic Invoice Financing, and SARANA government contract financing. The company also operates KitaCover, an AI-powered insurance simulator that helps SMEs assess coverage needs.
Is Cofundr a public or private company?
Cofundr is a private company. It is classified as unknown and is currently operating.
When was Cofundr founded?
Cofundr was founded in 2018. It employs 11 to 50 people.
Where is Cofundr based?
Cofundr is headquartered in Kuala Lumpur, Malaysia, in the Asia region.
How does Cofundr make money?
Four revenue lines are on record. Platform Fees from Investors are the primary driver. The others are issuer Processing Fees, issuer Platform Fees and withdrawal and Administrative Fees.
Who are Cofundr's main competitors?
Direct peers on record are PitchIN, Funding Societies, CapBay, KoinWorks, Validus Capital and Crowdo (previously Crowdo Asia/Money Lender). Broad incumbents are Kiva, LendingClub and Funding Circle. BillEase is listed as an emerging player.
Does Cofundr have an API?
No public API is recorded for Cofundr.
What industry is Cofundr in?
Cofundr's product category is P2P Crowdfunding / Alternative Lending. Its primary akta.pro industry code is FSAKAHAC, P2P Small Business / SME Marketplace Lending. Its NAICS code is 52222 and its SIC code is 6163.