Anyone invest in overseas platform of Funding Societies like Malaysia or Indonesia? - Seedly

Funding Societies

P2P Lending

General

Asked by Jay Liu

Asked on 01 Oct 2018

Anyone invest in overseas platform of Funding Societies like Malaysia or Indonesia?

Personally I'm invested in local based. How's other country's platform performance?

2

Answers (2)

Sort By

Most Upvote

  • Most Upvote
  • Most Recent
Kelvin Lee Kok Tat
Kelvin Lee Kok Tat
Level 2. Rookie
Updated on 07 Jun 2019

Hi Jay,

I am invested in FS Singapore, FS Malaysia and 2 other platforms in Indonesia.

You can refer to this link for more information. :)

https://crowdfundtalks.com/topic/188/p2p-lending-platforms-in-indonesia

https://crowdfundtalks.com/topic/327/p2p-lending-13-months-in

Cheers,,,

3 comments

3

See all 3 comments

Kelvin Lee Kok Tat
Kelvin Lee Kok Tat

08 Oct 2018

The fees that one should consider for overseas platform is the fund transfer fee. My main account is in SG and i need funds for Indonesia and Malaysia market. And i am using Transferwise to convert SGD to IDR and MYR.
Kelvin Lee Kok Tat
Kelvin Lee Kok Tat

08 Oct 2018

And since it is a cross-border investment, pay attention also on currency fluctuations.
Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 8. Wizard
Updated on 07 Jun 2019

Interested to know why you may be interested in overseas P2P! For diversification?

3 comments

0

See all 3 comments

Kenneth Lou
Kenneth Lou

07 Oct 2018

Cool gotcha!
Alex Chua Cheng En
Alex Chua Cheng En

07 Apr 2019

The management team by FS is very prompt with the debt update using a repayment note in case of late repayment. Very satisfy with the platform. Furthermore, the default rate is very low. You could have a try. FSMY has lower default rate than FSSG and bigger market. A considerable Diversification. You just probably have to put for mid term (investment) to wait for sg depreciate against MY.