Recently, I read this article about Funding Societies in the Sunday Times. And it got me curious about P2P (peers to peers lending) and crowd funding. In gist, P2P Lending is the loan of money to individuals, or “peers”, without going through a traditional financial intermediary such as a bank. This lending takes place online using various different lending platforms and credit checking tools. Another definition is P2B lending (peers to business). As stated in this article: Typically 80 to 90 percent of small business bank loan applications are rejected by large financial institutions in Singapore. So the prospective borrower can either risk turning to ah long (loan sharks – never a good idea), or they can give that new-fangled P2P lending a try. Click here to read how peer to peer lending can help SMEs. Crowdfunding is the practice of funding a project or venture by raising monetary contributions ......