Business
Crowd Funding Comes to Singapore – MoolahSense
By Lizardo Realm (Investment)  •  January 29, 2015
In a previous post on Crowd Funding & Peer-to-Peer Loans, I had lamented that these services are only available in the US and UK. Singaporeans cannot take part in them as investors. But it looks like there is now a Singapore crowd-funding website providing Peer-to-Peer (P2P) lending service that has started operations - check out MoolahSense. MoolahSense was featured in an article from The Edge recently. According to The Edge, the company had obtained clearance from the Monetary Authority of Singapore (MAS) and the Ministry of Law to proceed as a unique asset class after having engaged them for two and a half years. I imagine the complexity to get this going. On their website itself however, there is a disclaimer that this product/service is not regulated by MAS. For the borrower, the minimum sum to be raised is $100,000.  The borrower needs to have at least one year ......
Read the full article
By Lizardo Realm (Investment)
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance