SeedIn Reviews and Comparison - Seedly
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  • Updated on 24 May 2019
    I have been using SeedIn since early 2019. The reason i like to invest with SeedIn: They have impressive stat sheet (0% default); their mobile UI was very easy to use, of course the auto-invest feature is a plus point; and it feels good when i am supporting local SME.
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  • The application process for SeedIn was smooth and straightforward. After the documents are uploaded, it was easy monitoring the progress of verification on the dashboard. Some of the reasons I chose SeedIn are: the ease of depositing funds, the competitive returns for deals, their pristine track record for loan defaults. My favourite feature on the app has to be Auto-Alfred - helps me invest my funds in a timely manner as long as the deals fit my criteria.
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P2P Lending

Funding Societies

CoAssets

MoolahSense

Capital Match

Minterest

SeedIn

Cassandra Tho
Cassandra Tho,
Top Contributor

Top Contributor (May)

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/progress/singapore 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.