CoAssets Reviews and Comparison - Seedly
 

CoAssets

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  • Reviews (61)
  • Questions (8)
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P2P Lending/CoAssets
P2P Lending/CoAssets
CoAssets
4.8
61 reviews

USER RATINGS

User Experience

4.9

Portfolio Transparency

4.4

Customer Support

4.9

Quantity of Deals

4.3

Quality of Deals

4.8
P2P Lending/CoAssets
CoAssets
4.8
61 reviews

USER RATINGS

Read reviews

User Experience

4.9

Portfolio Transparency

4.4

Customer Support

4.9

Quantity of Deals

4.3

Quality of Deals

4.8

CoAssets

0%
INVESTOR FEES
$1000/campaign
MINIMUM INVESTMENT
0%
DEFAULT RATE (2019 Q2)

    CoAssets

    0%
    INVESTOR FEES
    $1000/campaign
    MINIMUM INVESTMENT
    0%
    DEFAULT RATE (2019 Q2)
Reviews (61)

4.8

61 Reviews

  • 5
    51
  • 4
    10
  • 3
    0
  • 2
    0
  • 1
    0

Read Review About...

customer support

user engagement

engagement officer

relationship manager

lending experience

user friendliness

coasset platform

default rate

coassets year

assess risk

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  • Updated 3d ago

    Purchased

    CoAssets

    <Customer Engagement> They have a very unique model where each customer is assigned a customer engagement associate to answer questions, co-ordinate at events, let them know about upcoming deals and just offer a human face to the firm which is much appreciated <Fees> None. This is of course great and I'll let it speak for itself <Risk> As with all P2P Lending, do your due diligence but I have reviewed documentation on several deals and the risk assessment, level of disclosure, projections for payback are quit thorough. I like the fact that they are conservative in the allocation of funds to various deals. <Types of Deals> There have been many different kinds over the past few years. Recently, there have been a slew of movie financing deals. I have heard other investors claim this is insufficient but I prefer fewer, higher quality deals as opposed to many, lower quality ones <Onboarding and Sign Up> Quite smooth and can be done digitally or via the app. The app has improved since i first started using it and usually has the information needed with respect to deals and documentation. <Conclusion> Have used Coassets and it's been a satisfactory journey so far. Look forward to working with them more in the future
    0 comments
    1
  • Posted 5d ago

    Purchased

    CoAssets

    [Lending Experience] I have been a customer of CoAsset for well over 2.5 years & has invested in more than $1million worth of deals. To date all have been good & I have experienced any default. Moreover the customer support is very efficient & helpful. They deal with any issues promptly & do not need to be reminded to handle them.
    0 comments
    0
  • Posted 5d ago

    Purchased

    CoAssets

    The relationship managers are very on the ball. They are also very patient to listen what are your needs and provide tailored solutions for your investments. They are always keeping in touch with you via whatsapp and they are very responsive. Keep up the good work!
    0 comments
    0
  • Posted 5d ago

    Purchased

    CoAssets

    Overall very happy with the products offered wrt to the tenure and interest rates and the prompt support from the Engagement Manager! Pls continue to share and engage the investors through public events and talks etc.
    0 comments
    0
  • Posted 5d ago

    Purchased

    CoAssets

    [Risk Assessment] How Often Do You Need To Review A Risk Assessment? CoAssets takes the KYC process with absolute precision and importance. Risk assessment is a necessary aspect in every business process, it helps you identify, access and control the risk associated for the customers and partners. CoAssets KYC's risk assessment guidelines are clearly stated on their websites and mobile platforms, ensuring that all investment preferences and objectives are declared prudently before embarking on this journey with them. Having been with them for more than a year, CoAssets have shown due diligence in the renewal of my qualification status, through a comprehensive process with my UEM and further verified via a physical/digital signatory. This gives me a sense of alleviation as i continue my investment journey with them, whilst introducing my families and friends on-board to such a trustworthy and reliable P2P lending platform.
    0 comments
    1
Questions (8)

Recent Activity

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Arcc Event

CoAssets

Investments

Jin Wen Choo
Jin Wen Choo
Level 3. Wonderkid
Updated 4w ago
Hello! I’m Jin Wen from CoAssets Pte Ltd (“CoAssets”) and would love to give my two cents :) What are the risks you will face on P2P platforms: Every investment comes with their own set of risks. The main risk that comes with P2P lending is the default risk which is defined as the risk of the Investor- Opportunity Provider (“OP”) defaulting on repayments in full or in part. Understanding Default Risk In accordance to Monetary Authority of Singapore (MAS), a non-performing loan (I.e. loan default) occurs when a repayment remains unpaid at least 30 days past the due date. Source: https://www.mas.gov.sg/-/media/MAS/Regulations-and-Financial-Stability/Regulations-Guidance-and-Licensing/Securities-Futures-and-Fund-Management/Regulations-Guidance-and-Licensing/Circulars/CMI-27-2018-Controls-and-Disclosures-to-be-Implemented-by-Licensed-Securities-Based-Crowdfunding-Operators.pdf Default Risk and CoAssets Per MAS calculation, CoAssets Pte Ltd has achieved a default rate of 0% for 2018. Having said that, past performance is not an indicator of any future performance as P2P lending is high risk after all and default is always possible. Mitigating Default Risk Default risks cannot be eliminated. However, CoAssets performs comprehensive due diligence. The purpose of due diligence is to uncover risks (including default risk) and disclose such risks to potential investors. This is to ensure that the investors are equipped with information to make a decision. Risk Assessments performed on OP Just to share with you, CoAssets conducts risk assessment on potential OPs. Risk assessment is not to eliminate risk, but to evaluate and manage risks to ensure that the relevant materials and disclosures can be made to investors to a reasonable extent. Here are the 3 factors that CoAssets uses to assess a deal: 1. Financial Performance Analysis and Macro & Micro Economic Analysis 2. Operational and Compliance Due Diligence a. Anti-money laundering and terrorist financing checks b. Adverse news checks c. Litigation checks 3. Continuous Risk Monitoring & Review Even after the online funding project is successfully funded and disbursed, we may continuously monitor risk factors that are material to the project. CoAssets Pte. Ltd. may collect ongoing financial records or other business documents to evaluate the performance and check if the project is progressing as per proposed by Opportunity Provider (“OP”). Conclusion Overall, it is advisable Investors must do their own due diligence to determine if the products match their investment objectives and risk appetite. If you like to find out more on what risk analysis model P2P platforms like us use to evaluate projects listed on the platform, CoAssets team is hosting 2 educational seminars on the: (1) 26th of November, Tuesday, 7pm-9pm, at Lounge 7; and (2) 5th of December, Thursday, 7pm-9pm, at CoAssets office (OUE Downtown 1). For ease of reference, register your interest here: s.coassets.com/SxX I hope this helps!

Personal Finance 101

CoAssets

Investments

No idea about these folks really - but I gotta say, it is really depressing to see that a Singaporean company would list on the ASX instead of the SGX. I wonder why.

SeedlyTV EP07

Investments

P2P Lending

Capital Match

CoAssets

Funding Societies

Minterest

JE
Jamie Evans
Level 2. Rookie
Answered on 02 Oct 2019
Margins are compressing due to competition. The platforms need to be innovative in terms of origination of assets (see Capital Match’s merger with procurement platform, Sesami). But ultimately, Singapore will be too small a market and overseas expansion is the only card to then play...or become a digital bank for SMEs

SeedlyTV EP07

Investments

P2P Lending

Minterest

CoAssets

Capital Match

Funding Societies

Alex Chua Cheng En
Alex Chua Cheng En, Pcme at Anderson Junior College
Level 5. Genius
Updated on 20 Jul 2019
Here are my 2-cents thoughts. As much as p2p is a tech driven fintech, it is still a service industry nevertheless. To me, whatever technology features such as auto-invest will soon be commonly used by the platforms. Without them, they will lose an edge. So you could start by asking yourself what would you like to have as an investor or a borrower. For a borrower, would be probably necessary financial advice so that they will get sufficient funds. Etc. For an investor, you want as lower risk loan as possible. Is there a sufficient supply of loans? Which platform provides a better investing experience? the extensiveness of platform providing the loans. How receptive are the platform to feedback and their responsiveness in changes? Having a good customer base, along with a good support team could improve your rewards and user experience. Furthermore, having 0% default rate is ideal. However, is your funds put into desirable rewards investment? This also questions the response of the platform in a situation of defaults. In choosing the platform, ask yourself what gives you a better piece of mind. Is it within your risk-reward? Which loan product do you prefer? (there is some difference in loans offered among the platform) what is your ability? (your fund size and risk tolerance ). You should also filter the reviews and forums of the platform. Remember this is a service industry. In my opinion, a good service, or user experience should be the main factors in choosing the platform. A good service attracts more borrowers and in turn attracts more investors. A good service is what drives the platform to innovate and constant improve themselves. Do your due diligence. Feel free to Facebook msg me if you have any queries.

P2P Lending

Funding Societies

CoAssets

MoolahSense

Capital Match

Minterest

SeedIn

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

SeedlyTV EP07

CoAssets

P2P Lending

CoAssets FinTech
CoAssets FinTech
Level 2. Rookie
Answered on 27 Jun 2019
Yes there is! If you have an existing account, you must complete your know-your-client questionnaire between 2000h- 2359h, 27 June 2019. Thank you for watching!

P2P Lending

Investments

CoAssets

Cassandra Tho
Cassandra Tho
Level 5. Genius
Updated on 07 Jun 2019
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] :)
Answer image preview

P2P Lending

CoAssets

Ernest Yeam Wee Leong
Ernest Yeam Wee Leong
Level 6. Master
Updated on 07 Jun 2019
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 !

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.