Many people have probably heard of crowd-funding where businesses borrow funds raised from a large pool of individuals (crowd) through an online platform.
However, you probably have never heard of Crowd-lending, also known as peer-to-peer lending (P2P lending). It is the practice of lending money directly to individuals or businesses through an online service.
Crowd-Lending gives borrowers an alternative to lending from traditional financial institutions such as banks, and it provides lenders with potentially higher returns on their investment compared to traditional savings and investment products offered by banks.
#1 Juggar – A New CrowdLending PlatformProudly supported by Startup SG Founder scheme, Juggar is Singapore’s first P2P lending platform that connects fixed depositors with stock investors.
The platform allows lenders to lend funds directly to borrowers who are looking to invest in SGX-listed shares using margin. Juggar also implements protectionary measures to minimize the downside risks of lenders’
...