|Operations||Loan agreements in place|
|Fees||15% on interest earned|
|Minimum||The minimum investment amount per crowdfunding pledge is S$1,000|
|Default Rate||0% (Late repayment of more than 90 days)|
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.
Seedin provides loans in the form of Business Loans.
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.
The minimum investment for Seedin is at $1000.
For more info, you can check out Seedin’s website here.