Why is it so difficult to get my money invested in Funding Societies?

I am a Gold investor, have $30k balances for around 2 years already, but always have around $7-8K idling around?

Discussion (3)

What are your thoughts?

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Funding Societies Singapore

15 Oct 2020

Hi there, sorry for our delayed response as this question just came to our notice. Our response time on live chat and email is usually prompt. Firstly, thank you for investing with us!

As a crowdfunding platform, we set a max deployable amount for most notes so that more investors have a chance to invest. We’re aware that this means it may not be possible for you to always deploy all the funds left in your account.

However, you may want to consider the Property-backed Secured Investment (PSI) and Guaranteed Property-backed Investment (GPI) products which do not have a cap on the investment amount per investor. These could be a potential venue to deploy more of your funds.

We’ll be happy to take any further queries you may have, please feel free to reach out to us via live chat at https://fundingsocieties.com/ or email at [email protected].

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Alex Chua

20 Jul 2019

Seedly student Ambassador 2020/21 at Seedly

Here are some of my thoughts :
1.your minimum sum invested is too small. You can set a higher amount. Or you can try your luck when the loans are listed to put in more.

2 recently, most loans listed are small with maximum of $20-50. Remember you are not the only investors.

There is simply too little supply of loans requested by borrowers. You can help recommend your business partners if they need debt financing. So more supply of loans is issued
There is a consolidation of loans in views of unfortunate spike in defaults in Q2 2019 faced by p2p and banks
There may be a lot of rejection towards borrowers by the platform itself because some borrowers simply have poor cash management. I would like to thank funding societies for the due diligence. Dear borrowers, please help yourself first (understand your business and financial health) before seeking help from others.

P. S I am shock to see that u have invested 23k into funding societies alone. Such a large sum. How I wish I have such an amount. I can do a lot of things with it. Lol

Advice :maybe it is time to divest and spread your risk. Look into other platforms not just locally but also globally. You could fb msg me for advice or you can go to crowdfundtalks.com to seek advice

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