Leadership Transition: Address by Chairman Koh Wee Seng

Address by Chairman Koh Wee Seng

Dear Valued Investors,

We are writing to share an important ownership and leadership update at BigFundr.

With effect from 1 December 2025, Mr Quah Kay Beng, the incumbent CEO and an Executive Director (“ED”), has sold his entire equity stake of 25% in BigFundr to the majority shareholder, Maxi-Cash Capital Management Pte Ltd. (“MCCM”), a subsidiary of Aspial Lifestyle Ltd (“Aspial”).

Mr Quah has also stepped down as CEO and ED to pursue other personal interests. His last day in office was 1 December 2025. We would like to express our gratitude to Mr Quah for all his contributions, and we wish him every success in his future endeavours. 

The Board of BigFundr is pleased to appoint Mr Bruce Loo Su Ping, an existing ED, who has been with BigFundr since its founding days, as Interim CEO. Mr Loo has played a pivotal role in BigFundr's strategic and operational direction since its establishment. His appointment ensures steadfast leadership and operational stability with only minimal administrative disruption. 

Aspial’s increased shareholding in BigFundr to 90% reflects its confidence in BigFundr’s long-term growth, and BigFundr will be able to draw even more closely on Aspial’s resources and financial strength as we enter our next phase of growth.

Together with the Board, Mr Loo and the management team remain focused on delivering a consistent and robust pipeline of fixed-term, real-estate-backed investment opportunities to our investors.

Since our inaugural product launch in November 2021, BigFundr has funded close to S$800 million in Deals and manages more than S$300 million in live AUM today. Most notably, we have maintained a flawless track record across our entire portfolio: zero delays and zero defaults. These results are a direct consequence of our unyielding commitment to disciplined risk management ensuring that the preservation of investor capital remains the foundation of every investment decision we make. 

Under Mr Loo, our priority remains steadfastly clear and simple: to further strengthen BigFundr as a leading property-backed fixed income platform, enhance operational excellence, and deliver an outstanding investment experience to each and every one of our investors while safeguarding your hard-earned savings.

If you have any questions, please contact your usual BigFundr representative or email us at customerservice@bigfundr.com.

Sincerely,

Koh Wee Seng
Chairman / Director
BigFundr Pte Ltd