Asked on 27 Feb 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:
As it is also consder as high risk investment, do read about some questions and answer here on the loan default situations:
Seedly sharing about p2p: https://blog.seedly.sg/p2p-comparison/
Existing independent Customer review of each company:
and the latest review (still consolidating) here:
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