CoAssets Reviews and Comparison - Seedly
Reviews (17)
4.7
Reviews (17)
4.7
  • 5
    12
  • 4
    5
  • 3
    0
  • 2
    0
  • 1
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  • Updated on 29 Oct 2018
    Concerns regarding projects was responded immediately by user engagement managers and this gave me confidence to invest with coassets long term.
    0 comments
    6
  • Updated on 26 Oct 2018
    Got to know about Co Assets a couple of years back from a friend, and has been with them since. Great projects, and thanks Eugene for keeping me updated! :)
    0 comments
    4
  • Updated on 26 Oct 2018
    Pros: (+) : Every investors is tagged to a user engagement officer (+) : User engagement officer is just one whatsapp/call away (+) : More conservative as compared to other P2P lending platform, which is a good thing as they perform one round of due diligence before accepting the project and passing the risk to the investors Cons: (-) : Project is slightly limited. There's about about 3-4 project launced every quarter ever since I came onboard.
    0 comments
    3
  • Updated on 23 Oct 2018
    CoAssets' platform is easy to use & does not require any administration/management fees for investors, unlike other platforms. However, KYC (Know-Your-Client) form can be quite tedious to complete. Default rate is at the lowest in the market, currently at 1.17% -- I am certain that my money is in good hands since CoAssets focuses on taking quality projects. Every investors are attached to one User Engagement Manager who constantly update you on its opportunities. Great experience so far!
    0 comments
    3
  • Updated on 26 Oct 2018
    I heard about CoAssets from my friend, Eugene who is working inside. They are expanding and i am sure they can continue to grow their wealth for their investors. Cheers😊👏👏👏
    0 comments
    2
  • Updated on 23 Oct 2018
    What's became of my biggest meaningful takeaway at CoAsstes is interacting with our members and investors on a daily basis. I am able to confidently let them know of the kind of projects we have on hand which are readily available for people from teens to the elderly. From meeting them, I have gained many interesting views from all walks of life and it was really satisfying to be able to guide them through their investment journey with us, especially when they always receive their payouts succcesfully and that they thank us for it.
    0 comments
    2
  • Updated on 23 Oct 2018
    Have been working here for a year as my first official full time job. Comparing to other crowdfunding platforms that I am active on, CoAssets investments are relatively towards a higher quantum. (E.g. minimum 1k per placement) Personally I am very heartened that they take the risk assessment of the projects seriously albeit I would wish that there could be more project offering.
    0 comments
    2
  • Updated on 23 Oct 2018
    I'm an employee of CoAssets. I came here right after graduation. what attract me most here is actually the products -secure and credible I say-compare to other investment products form banks or whatever. And here the first time I experienced the "sold out" of a certain product which has been quite enlightening. This is truly a company with a lot of potentials and prospects.
    0 comments
    2
Questions (3)

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P2P Lending

Investments

CoAssets

Cassandra Tho
Cassandra Tho,
Top Contributor

Top Contributor (May)

Level 5. Genius
Updated 3w ago
I’m Cassandra and I’m online community manager from CoAssets. To better engage the investment community, I’m here to provide more insights on what the company actually does. Firstly, CoAssets Limited is the first listed (on ASX) online funding platform in Southeast Asia. It is continuously growing with a current member base of more than 500,000 (As of 30 Dec 2018) and a regional presence in Singapore, China, Hong Kong. While most online funding (or some would term it as Peer to Peer Lending / crowdfunding) platforms focuses on invoice financing and/or SME working capital financing, CoAssets Pte Ltd focuses on short-term project financing in the real estate, movies and alternative investment sectors. To give investors an idea on the types of projects we have successfully funded (via CoAssets Pte Ltd - our licensee subsidiary), here are some examples... The latest successfully funded project is a titled “I’m Livin’ It” starring renowned movie stars Aaron Kwok and Miriam Yeung. I’m Livin’ It ! Details of the project: Funding Amount: S$1,000,000 Rate of Return: 9% p.a. Repayment: Quarterly Tenure: 360 days Other successfully funded movie projects: A Lifetime Treasure - Feb 2019 ! Spinning Man - Jan 2019 ! Pad Man - Nov 2018 ! The 8 Year Engagement - Oct 2018 ! Black Water - Aug 2018 ! We look forward to serving more lenders and borrowers, as we strive to become the leading online financial platform for the region. If you have any questions, feel free to drop us an email at [email protected] :)
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P2P Lending

CoAssets

Ernest Yeam Wee Leong
Ernest Yeam Wee Leong,
Level 4. Prodigy
Updated 3w ago
Based on the scenarios that you mentioned above, i will be able to answer you since i have invested via coassets before and faced the same situations as you. 1) if there is a project which you funded but eventually the project is not fully funded, you will receive a refund for it back into your coassets account. you can decide if you want to withdraw or leave it there for other investment projects. 2) regarding the rates, it will be best to clarify with the coassets staff directly. The project details will indicate specifically the amount you will receive based on what you invested. Attached is my transaction history in coassets for reference !

P2P Lending

Funding Societies

CoAssets

MoolahSense

Capital Match

Minterest

SeedIn

Cassandra Tho
Cassandra Tho,
Top Contributor

Top Contributor (May)

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/progress/singapore SeedIn: https://sg.seedin.tech/statistics CoAssets: https://coassets.com/asx/about/ Capital Match: https://lending.capital-match.com/statistics.html
About CoAssets
OperationsAll funds transfer will be managed by the escrow agent
MethodologyProject-based and business term loans
Fees0% charged to investors 3-5% service fees charged to opportunity providers
MinimumS$1,000- S$5,000 per campaign
Default Rate26.32% (2016) 2.2% (2017) 0% (2018)

About CoAssets

CoAssets Pte Ltd is wholly owned by CoAssets Limited and is a listed company on the Australian Securities Exchange (ASX: CA8). CoAssets is also Singapore’s and pan Asia-Pacific region’s largest digitally enabled investor platform, offering a wide range of opportunities across different industries.

CoAssets caters to individuals of all calibres in the financial industry, from entry-level retail investors to high-net-worth institutions wanting to grow shareholder value through prudent capital enhancement. Currently, CoAssests has raised more than $100 million and funded projects in more than 10 countries globally.

Risk Management

CoAssets Risk Assessment Model (CRAM) was developed together with Ernst & Young (EY) to evaluate the companies they dispatch loans to.

Borrowers: Investors’ funds are held by a licensed escrow agent. Should the individual become insolvent, the funds will continue to be handled by an escrow agency. Loan agreements in place will continue to be valid and a reputable agency will be assigned to fulfil the service duties.

Platform: Should CoAssets become insolvent one day, investors continue to receive monthly repayments on the loans that have been dispatched.

Minimum Investment And Fees For CoAssets

The minimum investment for projects is $1,000 per campaign.