Hi! Anyone heard of the company, Coassets, before?

Yes I have heard of them. They are a peer to peer (p2p) ledning site.

Like most P2P sites, the interest rates are higher than ordinary lenders because of the higher risks involved; they lend to small companies. As investors, we can choose our own projects we want to back; hence it is importnat for individulas to read through the project details and decide if that's a risk you're comfortable to take.

Yes! I've just signed up with them though I heard that they don't get many deals on their platform due to their stringent screening of loans.

The founders' background is pretty good and they regularly hold seminars for their investors to attend and get to know the staff/managers at CoAssets. You also get a personal manager on your investment profile that checks in with you and keeps you up-to-date on any future investments and seminars.

The high interest rates definitely comes with higher default risks as this is basically a P2P lending platform to small companies or start-ups that may have a higher risk of closing down within the year or next 5 years. So if you choose to invest on such P2P platforms, be prepared to invest in money that you can say "bye-bye" to and not money that you are going to buy a BTO with. In short, be prudent and always read in detail about the deals before deciding to invest. If you have doubt, maybe start off with the minimum sum and then spread your money across different types of deals so your losses are not too great per investment. :)