Gillian Loh

17 Jun 2019

∙

Are P2P lending transactions covered by credit insurance in the event of default by an SME?

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HC Tang

17 Jun 2019

Financial Enthusiast, Budgeting at The Society

No.

Eg. Funding Society CMS license: https://help.fundingsocieties.com/articles/7005...
Their mitigations: https://help.fundingsocieties.com/articles/7004...
At the end, it is still a high risk investment. See seedly share of p2p risk level: https://blog.seedly.sg/investment-product-short...
Finally, some P2P providers review: https://blog.seedly.sg/p2p-comparison/
Check out current investor unbiased review here: https://seedly.sg/reviews/p2p-lending

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