CoAssets Reviews and Comparison - Seedly
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CoAssets

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  • Reviews (68)
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P2P Lending/CoAssets
P2P Lending/CoAssets
4.7
68 reviews
claimed

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 (68)

4.7

68 Reviews

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

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  • Updated 1d ago

    Purchased

    CoAssets

    [Debt Recovery] [Others] [Customer Support] I invested S$50,000 in CoAssets IPO shares, which became nothing! I also read here that investors in CoAssets promissory notes also not able to get back the principle upon the maturity. I already made a police report. Sometime in Jul-2016, I invested SGD 50,000 with CoAssets, after attending several of their previews and EPIC (Expo for Property, Investing and Crowdfunding) Conference at Marriott Tang Plaza Hotel. I passed my cheque to CoAssets at their former office at Suntec Tower One. Getty Goh, CoAssets Founder, presented that the investment was for CoAssets listing on the ASX (Australian Securities Exchange, ticker CA8), for 125,000 shares at AUD 0.40 each. In Sep-2016, just after CoAssets listed on ASX, CoAssets shares price drop all the way from AUD 0.40 (IPO price) to AUD 0.21! Getty explained that it was due to Expara Group (Singapore), the IT partner of CoAssets, immediately sold their CoAssets shares! During CoAssets first AGM the next year, investors were shocked to discover that the AUD 0.40 offer was actually the 4th or 5th tier, and their 1st tier was AUD 0.15. Had we knew this, we would not have invested. Sometime in Jun-2020, CoAssets CA8 was delisted from ASX under suspicious conditions, and CoAssets said the share price before delisting was AUD 0.065. In Jul-2020, CoAssets started emailing investors with swap offers to convert their shares at the IPO price, into down payments for properties in foreign country (Thailand - Park Origin Thong Lor, Niche Mono). I tried contacting Getty to get back my money, but to no avail. - Dear Getty, I have also feedback to you and Shannice at least 5 times that your terms of settlement 4d(i), (ii), (iii) are unacceptable, as I can't be responsible for other investors which I don't even know. I just wanted one simple transaction, without other contract terms. 4d. The Transaction is conditional upon you keeping this offer and the Transaction (including the terms of the Transaction and the existence of the Transaction) strictly private and confidential. Should any other investor approach us or the potential buyer for a similar transaction, any other party make reference to this Transaction, or we otherwise discover that you have disclosed details of the Transaction in breach of your obligation, then: (i) If there are any amounts yet unpaid by the potential buyer, the potential buyer will not be required to pay you any amounts yet unpaid. Notwithstanding this, you will be required to transfer all your CoAssets Limited share to the potential buyer immediately. (ii) You shall be required to pay CoAssets Limited liquidated damages of S$300 per investor that approaches us for a similar transaction, or other party who approaches us for a transaction by making reference to this Transaction. This is a genuine pre-estimate of the costs, losses and other expenses that CoAssets will have to incur to deal with each such investor or other party. (iii) In addition, you shall indemnify and hold CoAssets harmless against all costs, claims, liabilities, expenses and other losses that CoAssets may suffer or incur arising out of or in relation to any claim by any party relating to such party’s shareholding in CoAssets Limited or other investment with CoAssets.
    1 comment
    0
    Getty Goh
    Getty Goh

    4d ago

    Dear Derrick I happen to come across your post and decided to respond directly as your posting has some inaccuracies. I have responded previously to your similar posts. To recap, we have communicated at least 5 times previously. All actions done by CoAssets (including the delisting) was done above board and lawfully. All investments contain business risks. While there is a hope to sell your shares at a profit, this is not usually guaranteed depending on the market. That said, you had reached out and shared that you had an urgent need of funds due to your personal circumstances. Out of goodwill, I managed to find a buyer for your shares who was prepared to buy your shares at cost S$50k (so that you will not see any loss). In view of the poor market, the buyer requested to buy your shares in phases. The other clauses were also added to protect mutual parties of the deal. All this notwithstanding that CoAssets Group is under a new management and the company is undergoing transformation. Though there was no obligation to help with the sale of your shares, I had done this out of good will as I would really want to help our investors out. From the email exchange, you repeatedly refused to accept the buyer’s S$50k offer and wanted a higher price. You also asked for a lump sum payment, which was just not workable from the buyer’s perspective. Unfortunately, the buyer is not agreeable and declined the offer. Notwithstanding, I understand your difficulties and will continue to keep a look out for any investors who may be keen to buy your shares. Getty
    Post
  • Updated on 13 Sep 2020

    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
    1
    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.
    7 comments
    2

    5 more comments

    Royal Uncle

    3d ago

    (Answer to Mark and more details on my experience) CoAssets stopped and defaulted all the scheduled interest payment since May-2020. Also, no single cent return on upon maturity. If you still have some money in your CoAssets account which previously paid from their interest payment, you can try to withdraw. I doubt you able to withdraw any. For those promissory notes matured till now, CoAssests did not pay back a single cents, what they offered was to propose to extend all the payment till end-2021. Of cause, this make NO sense to accept. However, regardless how many times I trying to request my money back, I just did not get it, besides receiving their mail that they are working on the resolution. This was happened month after month, so it is either we wait or taking legal action or preparing to lost all our investment. Dear Getty, Feel free to comment, I still hope you can turn the situation around to return our investment as promise and gain back our confident on CoAssets.
    Getty Goh
    Getty Goh

    2d ago

    Dear Royal Uncle Thanks for your message. CoAssets is currently under going a M&A. There is a new management in charge that is financially much stronger. They are currently working through the details and they will be reverting to you shortly on the status of your PN. I believe you will be hearing from them soon. GG
    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
    1
    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.