Hmm... interested to know too. will be good if the various platforms publish their default rates. i think they have to declare to MAS, but just not sure how frequent do they have to do that.

I actually just got this email from Funding Societies... Replicated in full~! Dear Kenneth, We have been monitoring the escalation of the COVID-19 virus since January 2020. Upon its emergence in Wuhan, China, the virus has impacted many associated supply chains and has increased business volatility and risk. Our growth strategy is pivoted on SMEs and their linkages - upstream with their suppliers and downstream with their clients. Through this ongoing outbreak of the COVID-19, we have implemented the following measures to monitor and manage risks to our portfolio during this time. Credit Assessment Approach: We expect non-performing loans (NPLs) of SME-focused lenders to come under more pressure, especially due to possible increased defaults by SMEs operating in F&B, travel, cross-border trade, and service industries that are dependent on labour from affected countries in Southeast Asia. As originators, we have taken the following preventive measures: 1. Assess existing borrowers’ degree of dependency of revenue and/or other linkages on affected countries. We are also taking a reduced exposure of credit limit granted to SMEs. This is being viewed on a case by case basis. 2. Forecast of issuer’s revenue/cash flow for assessment of all new loan submissions and renewals are subjected to a haircut due to a weaker economic outlook. 3. Be agile in reacting to changes in the macro economic environment to tighten the ratios and reduce loan limits and tenor, and increase rates to adjust for increase in risk Short Term Loans: We have started further reducing the average loan tenor on a portfolio basis to mitigate mid to long term risks. For example, issuers that were previously eligible for a 12-month tenor would be provided a shorter term loan, while we assess their debt servicing capability. This allows us to rebalance our portfolio at more frequent intervals and be better placed during the indefinite duration of COVID-19 and its impact on global markets. Closely Work with Borrowers who have Large Exposures : We recognise that SMEs who have borrowed larger quantum are especially vulnerable due to their high credit exposure. In order to mitigate and control the concentration risk across your portfolio, we will either reduce limits or restructure facilities on our borrowers’ loans, on a case by case basis. Credit Monitoring and Remedial Management: We continue to monitor the performance of our portfolio and its underlying risks very closely. On top of existing risk management activities, our collections team has: 1. Inherited recovery efforts from relationship managers (who are normally the first point of collections) instead of stepping in only after 1 month. This will help us to determine early on if borrowers require a restructure in their repayment plan in order to fulfill their obligations to the platform investors 2. Been instructed to proactively restructure loans where we see early warning signs. We will continue to carefully manage our key indicators and evolve our risk management capabilities depending on the global economic situation. On top of this, Funding Societies’ employees have been split into 2 teams to work from home and at the office, on a weekly rotational basis. All employees also go through temperature checks before entering the office premises. We are committed to ensuring our employees are healthy so that our business remains of service to you through this period of volatility. If you have any questions, please contact us at [email protected](mailto:[email protected]) to receive updates. Best regards, Team Funding Societies

I would suggest you join their events to be updated of the latest investment opportunities.

You have to create an account, get yourself verified. Once done, you will see available investment from time to time. Deposit an amount that you are comfortable with. P2P lending is a high risk investment. You may choose to read every single factsheet for each opportunity then choose to invest. Or generally I think most people like me just set an auto invest rule. There is also a guarantee return investment option. Where it is guaranteed by funding societies, lower risk but lower returns as well. (About 4%)

I have used Funding Society for about a year. The return has been around 10%.(Honestly, I am not sure if the return they show on the app is before or after their fees) All in all, I find that it was quite a worthwhile tool to be used as the user interface is easy to understand and they have bots that can make the investment process a lot smoother. However, due to the speculative nature of P2P, I would not recommend using it as your only way to invest (even if Funding society do offer the lowest in terms of loans - the lowest for each loan is $20). P2P is currently around 20% of my total portfolio. :) I hope it helped you!

Https://fundingsocieties.com/sign-up-investor?referral=ijnf6a40 Hope the above helps I write cool stuff about personal finance and money-saving hacks here.

Do you feel happy, confident of your investment selections, able to sleep soundly at night? If you’re, then continue doing it. It’s decent. Investment results are good. Investment results achieved by amount of corresponding amount of risk taken needs to be the conversation in this community. The community can’t quantify risk as easily as investment returns thus it naturally leads to an over fixation on purely returns. Risk comes from not knowing what I’m investing. Thank you for taking your time to read.

Hi. You can sign up using my referral link: https://fundingsocieties.com/sign-up-investor?referral=jh1ocwi0 Thank you.

I guess you should look at how much you are willing to risk for the return (high risk high return) aka, your risk appetite. You can try to look at the financial report of the company provided as well to understand if they are strong financially.

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