These two pieces of news from The Business Time (Weekend) on 5 Nov made me think and write this blog post eventually.
P2P Investors in a fix as car firm director “disappears “
“ Crowdfunding investors are likely on the hook for roughly $600,000 in loads to parallel importer named TLC Cars that failed to deliver on sold vehicles – and whose director is now uncontactable . “ write the paper.
P2P (peer-to-peer ) investment platform and Crowdfunding seems getting popular in Singapore with many platform being established recently , like “ Capital Match , MoolahSense , Funding Societies, New Union , coasset.com etc “
These platform may offer rate of return of up to 15-25% per investment / loan , but of course this come with high RISK as well. P2P lending is relatively new investing tools here in Singapore , investors need to do their own due diligence prior investing in such " alternative investment " , also think carefully if such investment vehicle is suitable for your risk profile ......