Is there any regulation for p2p lending and protection for investors? - Seedly
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P2P Lending

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Anonymous

Asked on 27 Feb 2019

Is there any regulation for p2p lending and protection for investors?

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HC Tang
HC Tang, Financial Enthusiast, Budgeting at The Society
Level 9. God of Wisdom
Answered on 17 Apr 2019

In short they are regulated by MAS, you can check each P2P company website for more information.

Your funds are stored in Escrow accounts (not related to the p2p company), so in the event of the P2P company goes bankrupt, your $ is still there. eg:

https://blog.fundingsocieties.com/investments/what-is-an-escrow/

As it is also consder as high risk investment, do read about some questions and answer here on the loan default situations:

https://seedly.sg/questions/what-happens-when-a-p2p-borrower-defaults-payment-goes-bankrupt-asking-from-a-p2p-lending-investor-pov

More Q&A here: https://help.fundingsocieties.com/?utm_source=mainsitesg&utm_medium=footer

Seedly sharing about p2p: https://blog.seedly.sg/p2p-comparison/

Existing independent Customer review of each company:

https://seedly.sg/reviews/p2p-lending

https://blog.seedly.sg/p2p-lending-review-takeaways-after-6-months/

and the latest review (still consolidating) here:

https://seedly.sg/questions/share-your-p2p-lending-platform-funding-societies-coassets-moolahsense-capital-match-minterest-seedin-returns-and-performance-so-far

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