Asked by Jay Liu

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?

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  • Kelvin Lee Kok Tat
    Kelvin Lee Kok Tat
    Level 2. Rookie
    Answered on 06 Oct 2018

    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,,,

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    • Kelvin Lee Kok Tat
      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.
      08 Oct 2018
    • Kelvin Lee Kok Tat
      And since it is a cross-border investment, pay attention also on currency fluctuations.
      08 Oct 2018
  • Kenneth Lou
    Kenneth Lou, Co-founder at Seedly
    Level 8. Wizard
    Answered on 06 Oct 2018

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

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    • Kenneth Lou
      Cool gotcha!
      07 Oct 2018
    • Alex Chua Cheng En
      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.
      07 Apr 2019