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SG Peer-to-Peer (P2P) Lending Platform: Funding Societies vs MoolahSense vs Capital Match
By Seedly  •  October 12, 2017
Why a Peer-to-peer (P2P) lending Platform? One common challenge when running any business is funding. For young businesses especially, getting loans through the banks can be a challenging due to a few reasons: The lack of collateral (necessary for bank loans) Young credit history (which makes banks reluctant to loan) Imperfect financial record Long processing time With peer-to-peer lending platforms in place, small businesses now have a new avenue to turn to, when in need of funding. How P2P lending works? P2P lending platforms connect the public to businesses in need of funding. Public investors can lend money to these businesses and get returns based on interest rates when borrowers repay the loans. Pros and cons of investing into P2P lending Pros Low Barrier of Entry: Low investment commitment (minimum investment of S$100, or less for some platforms) Diversification: Alternative investment products to diversify your portfolio Returns: Attractive returns ......
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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