What is the business about?
068 Elite Group Sdn Bhd is an agency that specializes in offering legacy investments and legacy investment related products. 'Through social media platforms like Facebook and offline introductions, we have successfully recruited over 100 agents to promote our products. In 2022, we were able to generate sales worth RM 18 million, and we are targeting sales revenue of RM 22 million for 2023.'
This is 068 Elite Group Sdn Bhd's 2nd investment note with ALIXCO P2P Financing.
This investment note is secured by two personal guarantee, as required by ALIXCO P2P Financing.
For what will you use the funds?
The funds will be used for working capital.
068 Elite Group Sdn Bhd in offering legacy investments and related products.
"Our target audience is young individuals who wish to pre-plan for themselves or their elderly family members. Additionally, we cater to elderly individuals who wish to plan for themselves. Our target age range is between 25 to 75 years old."
RM 400,000.00 for 1month.
14.16 % interest (nominal, p.a.)
Legacy investment, funeral services
351-1, JALAN C.Y.CHOY 10300 GEORGE TOWN PULAU PINANG
Number of outlets
Number of directors
Year of incorporation
Number of employees
Important risk information:
The risk score of CAA2 (‘High risk’) was determined by a blend of our internal risk-based pricing algorithm, an external risk score from a leading credit rating agency and a variety of qualitative factors. It is an approximation only and does not guarantee any specific outcome. Our risk score ranges from A(‘lower risk’), B(‘medium risk’), C(‘medium-high risk’) to D(‘high risk’).
Risk score of CAA2 (‘High risk’) indicates that this investment amount has a high level of risk.
This 068 Elite Group Sdn Bhd's 2nd funding round with Alixco P2P. 068 Elite Group Sdn Bhd still has outstanding repayments of RM 400,000 for 1 month with Alixco P2P financing.
Alixco charges investors 0.15% on total repayments (for 1 month investment notes) only if and when repayment occurs.