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Minterest

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How are the P2P companies who disburse loans to small and medium enterprise companies surviving through this COVID period? Are there more defaults for retail investors?
GC
GC
Level 2. Rookie
Answered 3w ago
There are many perspectives to approach the question. One of such is this - 1) The economy was gradually sinking into recession, hasten by the black swan. 2) When times are bad, major and primary lenders tighten credit controls. 3) Companies who used to be credit-worthy during the norm, get downgraded coupled with the adverse impacts on their businesses. 4) This opened up opportunities to the market of secondary lenders such as P2P platforms. 5) Not suggesting that P2P lenders are reckless and slipshod with credit controls, but different financial companies operate differently. As the saying goes, "high risk, high returns". Default rates can definitely be expected to increase in tough financial times and can be attributed to different reasons.
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SeedIn

Loans

P2P Lending

For licensed moneylenders on Seedin, what happens when a borrower defaults on the loan?
Probably not just for moneylenders on Seedin, but for all moneylenders in Singapore 1. Legal letters 2. Actions from debt collectors - they are legal but their actions border on the grey.... they can make extremely loud noise, cause embarrassment to you at work place or your home but as long as no violent actions or threats are involved, they are legally fine. See, thats the trick, they want to stay legal but make it really bad for you. ;) 3. When 1/2 failed, court requests to seal your possessions.
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SeedIn

Funding Societies

Loans

Investments

How does crowdfunding platform perform in current bearish market and low interest environment?
CH
CH
Level 6. Master
Answered on 21 Mar 2020
Hmm... interested to know too. will be good if the various platforms publish their default rates. i think they have to declare to MAS, but just not sure how frequent do they have to do that.
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Investments

SeedIn

Promo Codes

Does anyone have a promo or referral code for Seedin Crowdfunding?
C
Clement
Level 4. Prodigy
Answered on 07 Mar 2020
Https://sg.seedin.tech/register-investor?ref=7d75bf84e4 You can get $5 grab voucher after registration.Enjoy!😀
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SeedIn

Funding Societies

P2P Lending

Investments

Why aren’t there any investment opportunities on both seedin and funding societies?
I would suggest you join their events to be updated of the latest investment opportunities.
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Investments

Robo-Advisors

P2P Lending

OCBC RoboInvest

StashAway

AutoWealth

Funding Societies

SeedIn

ETF

MoneyOwl

Syfe

Just finished my first year into investing, investing about 90k into various passive forms of investing, mainly robos (time-weighted average 60k). I’ve generated about 6.5k of returns, is that decent?
Heah Min An
Heah Min An
Level 5. Genius
Answered on 01 Jan 2020
Do you feel happy, confident of your investment selections, able to sleep soundly at night? If you’re, then continue doing it. It’s decent. Investment results are good. Investment results achieved by amount of corresponding amount of risk taken needs to be the conversation in this community. The community can’t quantify risk as easily as investment returns thus it naturally leads to an over fixation on purely returns. Risk comes from not knowing what I’m investing. Thank you for taking your time to read.
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P2P Lending

Funding Societies

CoAssets

MoolahSense

Capital Match

Minterest

SeedIn

Share your P2P Lending Platform (Funding Societies, CoAssets, MoolahSense, Capital Match, Minterest, SeedIN) returns and performance so far?
Cassandra Tho
Cassandra Tho
Level 5. Genius
Updated on 18 Apr 2019
I'm Cassandra, the community specialist from CoAssets. Allow me to give you the objective view of my findings. All calculations except for Capital Match are according to MAS's standards. Rate of returns per annum in 2018, ranked according to weighted average returns) 1. Minterest: 3.5-24% (Weighted ave: 12.95%) 2. CoAssets: 9-10% (Weighted Ave: 9.91%) 3. Moolahsense 5.90%-16.82% (Weighted Ave: 9.9%) 4. Funding Societies: 6.51-17.79% (Weighted Ave: 9.32%) 5. SeedIn: 7-20% (Weighted Ave: 8.33%) 6. Capital Match: 15-20% APR (Weighted Ave: unknown) Default rates (measured as non-performing loan rate beyond 30days) in 2018, ranked in descending order 1. Moolahsense: 14.82% 2. Minterest: 0.59% 3. Funding Societies: 0.47% 4. SeedIn: 0.32% 5. Capital Match: 0.20% 6. CoAssets: 0.00% Note that stats are according to internal standards and not MAS's criteria. Even after 90 days, Capital Match does not classify it as a default, unless the company is in the windup, has undergoing lawsuits, or the director(s) declare bankruptcy. Furthermore, Capital Match does not have an updated statistic based on 2018; thus this internally calculated rate is for 2017. In summary, the services these platforms provide are similar. All these platforms provide opportunities for retail investors to invest in a variety of projects. The difference is that CoAssets is the only listed online funding platform which means that they're obliged to give transparent performance updates twice a year. Their rate of returns, default rates and profits are under the scrutiny of the Australian exchange and the public, bare for all to see. As for the rest, the data provided above was based on the information provided on their website. Another factor to consider is hidden costs like service fees or surcharges within the rate of returns. For CoAssets specifically, the investors get the full interest back. For others, for example, the interest rate may be 20% but they may charge a 1% service fee resulting in an actual return of 19% only. I'm open to discussing any of the mentioned points should someone else's findings be different. I hope this helps. References: MAS guidelines: http://www.mas.gov.sg//media/MAS/Regulations%20and%20Financial%20Stability/Regulations%20Guidance%20and%20Licensing/Securities%20Futures%20and%20Fund%20Management/Regulations%20Guidance%20and%20Licensing/Circulars/CMI%2027%202018%20Controls%20and%20Disclosures%20to%20be%20Implemented%20by%20Licensed%20Securities%20Based%20Crowdfunding%20Operators.pdf Moolahsense: https://www.moolahsense.com/statistics/ Minterest: https://www.minterest.sg/statistics Funding Societies:https://fundingsocieties.com/ SeedIn: https://sg.seedin.tech/statistics CoAssets: https://coassets.com/asx/about/ Capital Match: https://lending.capital-match.com/statistics.html
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