SeedIn Reviews and Comparison - Seedly
Reviews (92)
4.8
Reviews (92)
4.8
  • 5
    74
  • 4
    15
  • 3
    3
  • 2
    0
  • 1
    0

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  • Platform is easy to use. Dial the hotline to clarify my queries give me prompt reply that resolve my issue. Transaction was quick and easy too
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  • The recent improvements in user experience definitely was great, app is relatively easy to use, clean look and modern. Loan offerings could be more but it is satisfactory as of the moment. I would hope that fund transfers could be faster currently its 1 working day (e.g. almost immediate transfer using paynow or FAST). The SeedIn team is also actively solving new bugs and issues (recently there is a live chat bug) so there is good app support. Customer service is also very friendly and knowledgable about the situation.
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  • Seedin is a good crowfunding p2p lending website with good user interface , easy to understand information and generally out of all the p2p lending websites i invested in it has given me the highest yeild with very high interest rates on its loans. It is not for nothing though , the one disavatange is that the some of company information for borrrowers is vague and does not give you a full picture of what the company does with the money . Seedin has their own analysis on the company's financials and what not which is a plus . Overall it all comes down to how much risk your willing to take , for companies with higher interest rates the chance of the company defaulting on the loan is higher. One last think to point out is that the websites states that there has been no cases of default since seedins inception which is wonderul in comparision to other p2p lending platforms.
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  • Extremely useful crowd funding market place that brings the counterparties in demand and supply together. The projects seeking funding are well researched by the seedin compliance team thus providing an unbiased risk return possibility on investment made.
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  • Found out about SeedIn when I was browsing through Facebook. Joined a few months back and think it's a great platform for alternative lending & investment!
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  • I saw an ad on facebook about seedin and decided to check it out. This is the first time I’ve heard of p2p crowdfunding and I think that it’s really a good alternative investment. Have yet to invest but definitely plan on doing so soon in the near future!
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  • Highly recommended for alternative investments! Love the easy-to-use interface and how risks etc were factored in.
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  • Seedin is a great platform for alternative investment! Highly recommended to everyone as it is user friendly
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Questions (1)

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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
About SeedIn
OperationsLoan agreements in place
MethodologyBusiness Term
Fees 15% on interest earned
MinimumThe minimum investment amount per crowdfunding pledge is S$1,000
Default Rate0% (Late repayment of more than 90 days)

About Seedin

Seedin is founded by entrepreneurs, for entrepreneurs. Seedin describes itself as a platform that works and thinks like an SME. Seedin’s main cusomer groups are Busineses and Investors.

Types of loans by Seedin

Seedin provides loans in the form of Business Loans.

Risk Management for Seedin

All credit limits are approved within a defined credit approval framework by The Credit Risk Committee.

Seedin manages Credit Risk through a framework that sets out policies and procedures covering the measurement and management of credit risk. Credit Risk is also managed with clear segregation of duties between transaction originators in the businesses and approvals in the Risk function.

Collateral is held to mitigate credit risk exposures and risk mitigation policies determine the eligibility of collateral types.

Minimum investment and fees for Seedin

The minimum investment for Seedin is at $1000.

Seedin Contact Info

  • Phone no.: 6916 1799
  • Email: [email protected]
  • Address: 57 Mohamed Sultan Rd,
  • #03-05, Sultan-Link
  • Singapore 238997

For more info, you can check out Seedin’s website here.