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HC Tang
17 Apr 2019
Financial Enthusiast, Budgeting at The Society
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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/w...
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...
More Q&A here: https://help.fundingsocieties.com/?utm_source=m...&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-takea...
and the latest review (still consolidating) here:
https://seedly.sg/questions/share-your-p2p-lend...