Crowdfunding is all the rage these days, with burgeoning loans made available by myriad crowdfunding companies for yield-hungry investors.
CoAssets is bringing crowdfunding to another level as the company is raising A$10m through her listing on the Australian Stock Exchange (ASX).
CoAssets is one of the major crowdfunding players in Asia, and the few which are publicly listed.
This article I would like to shed some light about the listing.
How Does CoAssets Make Money?
The breakdown of the revenue is as such, as produced in the Prospectus:
The Commission income is related to the fees generated from the businesses who list their projects on the CoAssets Peer-to-Peer (P2P) lending platform. Personally, I would prefer to see majority of the revenue to be earned from this avenue as opposed to the others. This is the core premise of a crowdfunding platform. Nonetheless, it is a start and investors should monitor the growth, ......