facebookI came across the "Peer-to-peer lending platforms" and was wondering if there is anyone who has tried this as an investor and if anyone could share his/her experience? - Seedly

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Anonymous

26 Feb 2020

βˆ™

General Investing

I came across the "Peer-to-peer lending platforms" and was wondering if there is anyone who has tried this as an investor and if anyone could share his/her experience?

Discussion (7)

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Kenneth Lou

01 Oct 2018

Co-founder at Seedly

Have shared my review also on the reviews page here! https://seedly.sg/reviews/p2p-lending/funding-s...

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Pros:

  • Opened up my world of P2P investing which I never knew much about

  • Relatively clear website with easy to understand visuals and areas

  • Seems like a pretty rigourous KYC (know your customer) process to screen the loans and users

  • Auto invest setting seems interesting (but has not yet worked for me yet)

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Cons:

  • The whole onboarding process took really long like almost 4 days long

  • Had documents to eSign and send to them to be verified

  • Biggest con was the lack of deals and loans available to users

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Will update as I continue to use this product to share on the returns and defaults especially :)

View 1 replies

Jay Liu

01 Oct 2018

Accounting and Finance at ACCA

You can check out the reviews. Mines in there too!

Gabriel

30 Sep 2018

Undergraduate at National University of Singapore

As HC Tang has shared below, our community members have left their review on the P2P platforms that ...

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