CoAssets Reviews and Comparison - Seedly
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CoAssets

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  • Reviews (67)
  • Questions (0)
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P2P Lending/CoAssets
P2P Lending/CoAssets
4.7
67 reviews

Unclaimed

This product has not been claimed by the company yet.

USER RATINGS

User Experience

4.8

Portfolio Transparency

4.3

Customer Support

5.0

Quantity of Deals

4.1

Quality of Deals

4.6

CoAssets

0%
INVESTOR FEES
$1000 per campaign
MINIMUM INVESTMENT
0%
DEFAULT RATE (2019)

    CoAssets

    0%
    INVESTOR FEES
    $1000 per campaign
    MINIMUM INVESTMENT
    0%
    DEFAULT RATE (2019)
Reviews (67)

4.7

67 Reviews

  • 5
    53
  • 4
    12
  • 3
    1
  • 2
    1
  • 1
    0

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  • Updated 6d ago

    Purchased

    CoAssets

    Invested in 2 deals so far, and cash out on 1. Among all p2p platforms i used, they are the best in building and maintaining client relationships. Attended 2 of their events 1 of which is their 5th annivesary. Overall vy satistify with them.
    0 comments
    0
    Post
  • Updated on 01 Aug 2020

    Purchased

    CoAssets

    I have had an okay-ish experience with Coasset (but I will need to clarify that I have only invested once into the platform. What I like about it is the customer service that they provide. Their employees have a personal touch who makes their customers feel special. Furthermore, they have boasted quite a bit about the 0% default rate in 2019, which bolstered my confidence with them. What I didn't like is the number of investment opportunities that are available on the platform. Furthermore, the minimum investment amount is a lot higher compared to other platforms.
    0 comments
    0
    Post
  • Updated on 10 Jul 2020

    Purchased

    CoAssets

    I used to recommend friend and people to CoAssets, and I invested on their Promissory notes. However, recently I took a hit on the interest payment and not able to get back the principle upon the maturity. Not sure what can I do, besides hope and waiting.
    1 comment
    1
    Mark Soh
    Mark Soh

    6d ago

    Can elaborate what you mean abt e interest? Tot its invest lumpsum, they rtn investment + int upon maturity.
    Post
  • Updated on 09 Jun 2020

    Purchased

    CoAssets

    i think one of the biggest plus point of coassets is that their staff keeps potential investors updated and well-informed without being pushy. they have a great number of deals and are generous in terms of sharing good things with their investors. for example, i got invited to one of the restaurants owned by coassets and they treated my parents and i to a meal to further explain what coassets is about. honestly, all platforms are almost the same, but coassets has really won me over with their customer service.
    0 comments
    0
    Post
  • Updated on 08 Jun 2020

    Purchased

    CoAssets

    I have been investing with Coasset since 2018 and have participated in few investments - crowdfunding project and mainly corporate lending (a.k.a promissory note). [Customer Support] Tagged with a AWM (Alternative Wealth Manager) after I have done the KYC (Know Your Customer) assessment. Over the years, my AWM has changed twice and so far the experience has been positive. I can reach out to them anytime via Whatsapp and they are very responsive and helpful. They will occasionally send some marketing info like new investments, seminars or customer bonding events to keep me updated. [Lending Experience] There is no default on my loans, and I was able to withdrawal the capital/interest once the investments have matured. However, based on the recent communication, due to COVID-19 situation, they are requesting to extend my promissory notes (PN) that are due between May and December 2020 to 1st September 2021 at an interest rate of 12% per annum. As a security, they also obtained personal and corporate guarantees from Denka, Mr Dennis Wee and DWG to assure of an increased chance of receiving payment. I hope it goes well. [Risk Assessment] All the investments I participated are backed with either physical assets or corporate guarantee under subsidiaries of CoAsset Ltd. The tenure of most of their investments is 1-1.5 years to minimise the risk. [Others] Many of their investments are not listed in the platform and only be known via your AWM. I wish they can make it more transparent.
    0 comments
    0
    Post
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About CoAssets

CoAssets Pte Ltd is wholly owned by CoAssets Limited and is 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.