If anyone investing in P2P investment? Sounds like the interest rates are pretty good, better than FD?

If reliability = real for you, then p2p investment is licensed by MAS

P2P is like you are a little banker, you manage yourself who you want to borrow. (2nd layer of checks). Unlike stocks, for debt instrument, you will have to ask yourself if the company is the ability to pay the bill

1st layer of checks is done by the p2p platform itself. Some platforms r vested in the loans too.
Anyway do checks out how do the platform did their credit rating. And choose the loans u r comfortable with.

Although the target borrowers are SMEs, bigger companies with decades of history use them too. Often times, some are trading partners with local brands such as NTUC.

Go in with a plan and do your due diligence. Be ready to lose $

P2P is completely different from FD. It’s a lot riskier. Interest rates are good but the company might also default on the payment. FD is guaranteed under SDIC while P2P is not guaranteed.

Usually, the borrower are SMEs which cannot obtain any loans from the banks, therefore they get funding thru P2P.
High interest means higher risk of default. If you are not comfortable with this, avoid P2P completely.