Technology

BigFundr Eyes S$500 Million in Total Loans Under Management (LUM) by 2026

Published

2 years ago

August 28, 2024

Driven by rapid user growth and strong financial performance, the fintech platform is cementing its position in the real estate debt investment sector with strategic backing from Aspial Corporation Limited

SINGAPORE, Aug. 28, 2024 /PRNewswire/ — BigFundr, an innovative and leading fintech platform offering retail investors access to real estate debt investments, is proud to announce significant milestones since its launch in October 2021. Founded in Singapore and licensed and regulated by the Monetary Authority of Singapore (MAS), BigFundr has demonstrated impressive growth over the last three years, becoming a trusted name among both retail and accredited investors while solidifying its presence in the market and significantly expanding its customer base.

The past two years have seen BigFundr experience a near five-fold growth, as the platform’s number of total customers skyrocketed from over 1,100 in end-2022 to an impressive 5,200 by mid-2024. BigFundr’s financial metrics also reflect its robust growth trajectory. The platform’s Total Loans Under Management (LUM), a key indicator of its scalability, has consistently doubled every six months, with current LUM at S$160 million.

Looking ahead, the platform is projected to surpass S$500 million in Total LUM by 2026. These turning points highlight BigFundr’s strong market appeal and its capacity to grow in today’s competitive retail investment landscape.

A Bright Future for Retail Investors

BigFundr is strategically positioned to capitalise on the growth opportunities in Australia’s thriving real estate sector through targeted investments in both commercial and residential real estate debt markets. Since its inception, BigFundr has successfully funded developments exceeding S$275 million, all while maintaining a zero percent default rate, reinforcing its reputation as a reliable investment platform.

Committed to making real estate-backed investments safer and more accessible, BigFundr empowers retail investors to start with as little as S$1,000. This approach has democratised investment opportunities that were once exclusive to those with substantial capital, offering returns comparable to larger-scale investments.

Reflecting on the company’s progress, Quah Kay Beng, CEO & Founder of BigFundr, noted, “Our remarkable growth over the past three years is a testament to the strong partnership between Maxi-Cash and BigFundr. We share common values in our desire to be the go-to investment platform for retail customers. The belief in our shared vision has been instrumental in our success, and we’re proud to have delivered on our promise to create lasting value together.”

Robust Corporate Backing

Incorporated in 2008, Aspial Lifestyle Limited is an investment holding company specialising in consumer lifestyle, housing brands such as Maxi-Cash, Lee Hwa Jewellery, and Goldheart. Its parent company, Aspial Corporation Limited is the first publicly-listed jewellery retailer on the Singapore Exchange (SGX) which manages a wide spectrum of businesses. Its purview includes jewellery retail, property development, financial services, and hospitality and resort management.

In February 2024, Maxi-Cash Capital Management (a wholly owned subsidiary of Aspial Lifestyle Limited) increased its shareholding in BigFundr from 15% to 70%. This investment not only reinforces confidence in BigFundr’s highly scalable business and its mission to make the real estate debt investment sector more accessible to retail investors, but also cements BigFundr’s position within the fintech industry. The substantial backing from the Aspial Group of companies ensures a secure and reliable platform for investors, offering robust safeguarding for both principal and interest in real estate debt investments.

“This development marks a significant turning point for BigFundr, poised to greatly enhance its growth trajectory and expand the opportunities available to its investors,” commented Koh Wee Seng, CEO of Aspial Corporation Limited. He also remarked that, “Our strategic partnership with BigFundr has seen the business exceeding our initial growth expectations. We are confident that with the current base of loyal investors, as well as new investors, we are set to further surpass our growth trajectory.”

“What started as a model to democratise real estate debt investment to the retail market has now proven to be a viable and practical investment opportunity that’s highly accessible and scalable,” said Meelan Gurung, Senior Director, Corporate Finance & Investments, Aspial Corporation Limited. “With Aspial’s strategic support, we look forward to growing BigFundr both in size and scope,” he added.

About BigFundr

BigFundr is the first and only MAS-licensed fintech platform that grants retail investors access to real estate-backed investments from as little as $1,000. In February 2024, BigFundr became a subsidiary of Maxi-Cash Capital Management (MCCM) following SGX-listed Aspial Lifestyle Limited’s increase in shareholding to 70% from 15%. Bigfundr’s mission is to democratise investments, making better returns safer and more accessible to everyone.

For more information, please visit www.bigfundr.com.

About Aspial Lifestyle Limited

Incorporated in 2008, Aspial Lifestyle Limited (formerly known as Maxi-Cash Financial Services Ltd. which also holds Maxi-Cash Capital Management as a subsidiary) is Singapore’s first public-listed pawnbroker on the Singapore Exchange (SGX), offering a wide range of services including pawnbroking, retailing of new jewellery, and pre-loved jewellery and branded merchandise. Within the pawnbroking industry, Aspial Lifestyle leads the industry by pioneering digital innovations such as online payment services, e-wallet solutions and the Maxi-Cash E-Shop through the Maxi-Cash App. Committed to reliability, quality, and transparency, Aspial Lifestyle has been recognised as one of Singapore’s Best Employers by The Straits Times in 2022 and 2023.

For more information, visit www.aspiallifestyle.com & www.maxi-cash.com

About Aspial

Aspial Corporation Limited, the first publicly listed jewellery retailer on the Singapore Exchange has grown from a traditional jeweller into a leading Asian conglomerate. Aspial owns prominent jewellery retail brands such as Lee Hwa and Goldheart. Beyond jewellery retail, Aspial’s diversified portfolio includes real estate, hospitality, financial services, and precious metal trading, reflecting its commitment to building long-term value and strong customer relationships across the region.

For more information, please visit www.aspial.com.

APPENDIX

Koh Wee Seng, CEO of Aspial Corporation Limited
Koh Wee Seng is the CEO of SGX Mainboard-listed Aspial Corporation Limited (ACL), overseeing diverse businesses including jewellery retail, financial services, property development, and hospitality. ACL’s real estate arm, World Class Global, is an innovative developer with a presence in Australia and Malaysia, having completed over 39 projects across these regions and Singapore, with a gross realisation value exceeding $4.8 billion. Iconic developments include the $1 billion Australia 108 and the $800 million Citygate project, both recipients of the CTBUH Award of Excellence in 2022 and 2023. An alumnus from the National University of Singapore’s Business School, Koh drove Lee Hwa to become the first jeweller to be publicly listed on SGX in 1999 and later led Maxi-Cash Financial Services Limited to become the first publicly listed pawnbroker in 2012.

Meelan Gurung, Senior Director, Corporate Finance & Investments, Aspial Corporation Limited
Meelan is Senior Director of Corporate Finance & Investments at Aspial Corporation Limited, specialising in infrastructure assets, investment management, and private equity. He leads the Private Credit and Real Estate Debt division, managing strategy, portfolios, and compliance. Meelan also drives business turnarounds and digital transformations, with experience in emerging markets and multinational firms. Additionally, he oversees BigFundr, Aspial’s major subsidiary, providing strategic leadership and investor engagement.

Quah Kay Beng, CEO & Founder of BigFundr
Kay Beng is the CEO and Founder of BigFundr, a fintech platform established in 2021 that connects retail investors with real estate debt opportunities. Leveraging over 25 years in real estate investment management and a career that includes roles at DTZ, Halverton Fund Management, JPMorgan, and Hongkong Land, he has since overseen assets exceeding US$1 billion globally. Under his leadership, BigFundr has facilitated over S$275 million in loans across 164 Development Notes. The platform, which operates with a Capital Markets Services licence from the Monetary Authority of Singapore, allows investments from $1,000 with tenures of six to 18 months, secured by Maxi-Cash’s 70% ownership stake.

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SOURCE BigFundr

Technology

Greater San Diego Science and Engineering Fair Students Win Big at the 75th California Science and Engineering Fair

Published

3 hours ago

April 26, 2026

SAN DIEGO, April 26, 2026 /PRNewswire/ — The 75th California Science and Engineering Fair (CSEF) took place April 11–12 at California Lutheran University in Thousand Oaks, bringing together 900 of the best of 1st place winners from regional competitions covering 58 counties across the state, including the Greater San Diego Science and Engineering Fair (GSDSEF). GSDSEF students earned 40 awards at the event, including two of only six highly coveted spots to the prestigious Regeneron International Science and Engineering Fair (ISEF). Seven students earned 1st Place awards in the categories of Biochemistry and Molecular Biology, Chemistry, Cognitive Science, Microbiology, Physics and Astronomy, and Zoology. In addition, one student won the Saban Family Foundation Scholar Prize, while another won the South Coast AQMD Air Quality Award and A&WMA Environmental Leadership Award. CSEF is the oldest science fair west of the Mississippi River and the highest level competition in the state.

Top winners were:

Arya Bhatt, Grade 7, Oak Valley Middle School, South Coast AQMD Air Quality Award, A&WMA Environmental Leadership Award, “Context Aware Real Time Air Quality Prediction Using Machine Learning”.

Joie Green, Grade 8, Muirlands Middle School, 1st Place, “Soon I will be Invisible: How to Direct Energy with Topological Metamaterials”.

Maggie Hao, Grade 10, The Bishop’s School, 1st Place, “Harnessing Tardigrade Genes to Enhance Bacterial Biosensors for Heavy Metal Pollutant Detection”.

Uma Kattamuri, Grade 7, Oak Valley Middle School, 1st Place, “Elevated CO2 During Kalanchoe pinnata Growth Reveals Enhanced Antiproliferative and Synergistic Therapies”.

Sonika Dhenuva Konda, Grade 11, Del Norte High School, Saban Family Foundation Scholar Prize, “Adaptive Swarm Coordination for Wildfire Control via Q-Learning Tuned PSO with Quantum-Inspired Coupling”.

Emma Liu, Grade 11, The Bishop’s School, ISEF Finalist, 1st Place, “Defining 3D Phenotypic Cell States of Polymorphonuclear Neutrophils via Novel Computational Pipeline”.

Sharvi Mahajan, Grade 8, Bernardo Heights Middle School, 1st Place, “Evaluating Predictive EEG Theta/Beta Features in Adult ADHD via Machine Learning”.

Sydney O’Donnell, Grade 8, The Rhoades School, 1st Place, TFJIC, “Effects of Marigold Versus Chlorella Supplementation on Yolk Lutein Content”.

Ihan Sung, Grade 11, Eastlake High School, ISEF Finalist, 1st Place, “Renewable Ammonia Electrochemical Synthesis by Glow Discharge with an Iron Based Catalyst”.

Full results and project showcase available online.

About the GSDSEF

Since 1955, the Greater San Diego Science and Engineering Fair (GSDSEF) has provided an inspiring experience in science and engineering for tens of thousands of San Diego and Imperial County students, motivating them to pursue careers in science, technology, engineering, and mathematics. This regional competition challenges students to go beyond classroom studies to do independent research – to ask compelling questions, to design and implement innovative solutions, and to present and defend results to judges who are professionals in their fields. The GSDSEF brings together 800 of the best middle and high school students, 400+ judges who are professionals in their fields and over 60 professional societies and organizations, with $40k in prizes awarded.

The GSDSEF fosters creativity and innovation through inquiry, celebrates students’ STEM achievements, and showcases how young minds can make an impact in the present and future. Many of these student scientists are conducting world-class research and conducting groundbreaking experiments in fields ranging from Astronomy to Zoology, such as the discovery of cures for diseases, formulations of new vaccines, cancer research, applying AI to enhance medical diagnoses, using biomimicry for water conservation, novel drone technology, advances in micro robotics and autonomous driving technology. The GSDSEF is the highest-level STEM competition in the region and one of the oldest, most respected and competitive in the world. The GSDSEF is a 501(c)(3) organization. Learn more at gsdsef.org and follow us on LinkedIn and Instagram.

Media Contact:
Sany Zakharia
sany.zakharia@gsdsef.org

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SOURCE Greater San Diego Science and Engineering Fair

Technology

Innowise Named to 2026 CRN Tech Elite 250 List By The Channel Company

Published

6 hours ago

April 26, 2026

WARSAW, Poland, April 26, 2026 /PRNewswire-PRWeb/ — Innowise has officially secured a position on CRN’s 2026 Tech Elite 250. This annual ranking identifies IT solution providers across the US and Canada that have achieved top-tier status within the partner programs of the industry’s leading technology vendors. The inclusion follows a period of verified growth in technical proficiency and a focus on high-impact engineering.

“Innowise concentrates on creating scalable, resilient architectures that produce measurable benefits for our clients. The honor of being recognized by CRN highlights the commitment of our experts to maintain high standards in highly competitive markets,” said Dmitry Nazarevich, CTO at Innowise.

About the Tech Elite 250

The Tech Elite 250 is a directory of companies recognized as having the highest level of partnership and certifications within the global IT ecosystem. In order to reach the final list, the provider must hold the most advanced technical credentials from vendors like AWS, Cisco, Dell, HPE, IBM, Intel, Nutanix, and Nvidia.

This directory serves as a verified ledger for enterprise clients who need to orchestrate complex hardware and software stacks without letting legacy environments rot. Holding these certifications is mandatory to stop the cash bleed caused by inefficient infrastructure and unoptimized cloud usage.

About Innowise

Founded in 2007, Innowise is a global software engineering and IT consulting center. The company is focused on developing high-value technologies, including artificial intelligence, data engineering, and cloud computing. Innowise crafts technological solutions for companies across 40+ domains in order to assist them in updating, creating, and modernizing their digital ecosystems.

Innowise specializes in using established technologies and modular approaches to enable organizations to expand or shift their operations while retaining complete control over all their physical and intangible assets.

Media Contact

Lizaveta Piaskova, Innowise, 48 48 787 027 706, lizaveta.piaskova@innowise.com, innowise.com

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Technology

Neusoft Showcases Full-Stack & Global Innovations at Auto China 2026

Published

9 hours ago

April 26, 2026

BEIJING, April 26, 2026 /PRNewswire/ — At Auto China 2026, Neusoft Corporation hosted a press conference on April 25th and announced three key strategic moves: the iteration of Neusoft OneCoreGo® Global In-Vehicle Intelligent Mobility Solution 7.0, the launch of Neusoft NAGIC.AI Cockpit Software Platform, and the strategic upgrade of its subsidiary, Neusoft Smart Go. By leveraging full-stack technology and a global ecosystem to drive innovation and empowerment, Neusoft is transforming vehicles into proactive, connected and collaborative mobile intelligent spaces.

OneCoreGo® Global In-Vehicle Intelligent Mobility Solution 7.0: An Evolved AI Companion for Global Intelligent Mobility

Intelligent mobility requires proactive perception, scenario integration, and global connectivity to meet personalized user needs and complex driving scenarios. Neusoft, whose products cover over 130 countries and regions worldwide, addresses these challenges with its OneCoreGo® Global In-Vehicle Intelligent Mobility Solution 7.0 through AI-driven innovation and global ecosystem collaboration. Powered by One Mate’s cross-agent collaboration and a sub-product matrix including One Map, One Sight, One Cloud, One Pay, One Store, One Link, and One Guard, the solution delivers full-link global mobility services spanning navigation, in-cabin AR, payment, app ecosystem services, connectivity and security. By breaking down functional silos, it streamlines multi-step operations into a single “depart” command, leveraging full-stack AI technology across perception, decision-making, interaction, and execution processes.

Guan Xin, Vice President of Neusoft and General Manager of Neusoft Automotive Innovative Solutions Division, said, “Adhering to the core principles of AI and globalization, OneCoreGo® 7.0 keeps innovating, evolving into a globally intelligent mobility companion that truly understands user needs.”

To enhance driving safety and mobility efficiency, OneCoreGo® 7.0 has also comprehensively upgraded its sub-products: One Map Global Navigation newly introduces 3D city effects, 3D lane-level maps, and traffic light guidance, offering dedicated solutions for two-wheelers and commercial vehicles as well. One Sight AR For Car improves navigation display effects, reducing instances of taking wrong routes. One Pay In-Vehicle Payment achieves over 90% payment coverage for parking services across core European cities. Combined with One Cloud’s global compliance cloud monitoring platform and One Guard’s full-stack vehicle networking security services, it creates a truly comprehensive OneCoreGo® Global In-Vehicle Intelligent Mobility Solution.

Neusoft NAGIC.AI Cockpit Software Platform: Dual-track Architecture for AI Integration in Every Vehicle

Amid the AI-driven transformation of the automotive industry, the market faces two challenges: limited computing power in legacy vehicles and high adaptation difficulties for next-gen models. Neusoft’s NAGIC.AI Cockpit Software Platform adopts a flexible “distributed + centralized” dual-track architecture approach. For existing vehicle models, it introduces the AI BOX solution, rapidly boosting computing power via external AI computing units, significantly reducing upgrade costs and timelines. For new vehicle models built on next-gen central computing platforms, Neusoft provides a full-stack AI cockpit software product suite, meeting automakers’ stringent requirements for system stability, reliability, and full-domain control.

Pang Hongyan, Vice President of Neusoft and General Manager of the Automotive Intelligent Software Division, said, “Our dual-track architecture enables every vehicle to embrace AI and enjoy an intelligent future. Both existing models and new-generation vehicles can find the most suitable path to intelligentization.”

Moreover, Neusoft’s NAGIC.AI Cockpit Software Platform features scenario-based, human-centric AI Agents seamlessly integrating driving safety, occupant care services, intelligent assisted driving and in-cabin entertainment. Neusoft also collaborates with global ecosystem partners to drive intelligent upgrades of in-cabin interaction products, fostering a more open and dynamic intelligent cockpit ecosystem.

Strategic Upgrade of Neusoft Smart Go: A World-leading Provider of Full-Domain Upper-Body Electronics Solutions for Intelligent Vehicles

Aligning with the trend of E/E architecture evolution from distributed control to “central computing + zonal control”, Neusoft Smart Go, a subsidiary of Neusoft in the field of intelligent vehicle connectivity, has completed a strategic upgrade, aiming to become a global leader in full-domain upper-body electronics solutions for intelligent vehicles.

This strategic upgrade positions Neusoft Smart Go to focus on full-domain scenarios in upper-body electronics, building a product matrix covering full-category in-vehicle electronics solutions, including central computing platforms, cockpit-driving-parking integration, intelligent cockpits, intelligent communications, intelligent audio systems, and zonal control units, and pioneering the integration of large model algorithms.

Jian Guodong, Senior Vice President of Neusoft and CEO of Neusoft Smart Go, said, “This strategic upgrade represents a significant leap from partial focus to comprehensive layout. Through our dual-track strategy of high-end cutting-edge solutions and mature standardized products, we can flexibly meet the mass production needs of vehicle models across different regions and price segments worldwide.” Neusoft Smart Go will provide mass-producible, adaptable hardware-software integrated solutions, empowering global automakers in achieving intelligent transformation.

Neusoft’s President, Mr.Gai Longjia stated, “In the future, Neusoft Smart Go will create stronger synergy with Neusoft Corporation by sharing internal technologies and capabilities while responding jointly to external demands. This specialized yet collaborative model will preserve business unit’s agility and expertise while enhancing Neusoft’s full-stack technological advantages.”

As a trusted partner in a smarter world, Neusoft is committed to collaborating with global automakers and ecosystem partners to build an open and inclusive intelligent automotive community together for the future of global mobility.

For more information about Neusoft, please visit www.neusoft.com.

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SOURCE Neusoft Corporation