Investing with Funding Societies: The minimum investment amount is $20, the lowest among all the P2P players in Singapore. In 2019, Funding Societies has a 9.82% weighted average return. Loan tenure are no more than 12 months so it’s only short-term deals that the company offers.
- Guaranteed Property-backed Investment
- Guaranteed Returns Investment
- Property-backed Secured Investment
- Invoice Financing Investment
- Revolving Credit Investment
- Business Term Investment
If you are new to Funding Societies and would like to start investing with them, you can sign up using the DollarsAndSense Promo code to get $20 cashback.
#2 MoolahSense
Founded in 2013, MoolahSense was the first digital lending platform to receive the full Capital Markets Services license from MAS. MoolahSense provides investors and businesses with two allocation mechanisms, either through an auction or through a first come first serve basis.
For businesses: For business loans with MoolahSense, businesses can access funds from $50,000 to $5 million under Small Offers Exemption, and above $5 million under Private Placement Exemption. For invoice financing, businesses can access funds from $15,000 and above.
Investing with MoolahSense: MoolahSense also allows investors to start investing in campaigns with as little as $100 for returns up to 24% p.a. This low barrier gives investors more capital ability to invest in multiple different campaigns to diversify their investments. MoolahSense charges an Investor Servicing Fee of 1% of repayments. All investors’ monies are held in a separate account under OCBC.
#3 Capital Match
Capital Match was established in 2014, to provide P2P lending and invoice financing platform for SMEs in Southeast Asia. To date, Capital Match has funded more than $201million in loans. Do note that Capital Match read the article is not regulated by MAS.
According to Capital Match, investment returns are at a weighted average of 11.1% in 2020. Non-performing loans are at 0.05% (past 90 days).
For businesses: Get business and SME loans and invoice financing facilities of $5,000 to $200,000 for tenures from 3 to 12 months. Including interest rates and fees, the total annual cost is 15%-20% of the loan amount.
Investing with Capital Match: With a wide range of local businesses to choose from, Capital Match allows investors to invest with a minimum investment of loan $1,000 in each loan. By supporting growing businesses in Singapore, returns range from 15%-25% p.a. Capital Match charges 20% commission on the interest payments.
#4 BRDGE (previously known as SeedIn)
Previously known as SeedIn, BRDGE has provided S$72 million in funding for Singapore companies. The current default rate (late repayment of more than 90 days) is at 0.077%
For businesses: Businesses borrowing from BRDGE can get funds as fast as 7 business days. BRDGE provides businesses with funds up to $2 million over 3 to 12 months of tenure. You also have your own client advisor to speak to when you borrow from BRDGE.
Investing with BRDGE: Investors can start investing on BRDGE with just $1000. with BRDGE can earn 5% to 17% returns p.a. after all fees. Since 2013, BRDGE has successfully achieved 100% repayment to investors. BRDGE charges an Account Management Fee for platform services and loan monitoring as well as a 15% fee on every loan repayment made by the borrower.
#5 Validus Capital
Founded in 2015, Validus is the largest P2P lending platform in Singapore, with over $250 million financed to SMEs as of . Validus is backed by Temasek Holding’s Vertex Ventures and also licensed by the MAS. In , Validus announced that they will be applying for a digital banking licence in Singapore.
For businesses: With Validus, SMEs can access up to $500,000 with no collateral required. Validus has a fast approval process, allowing businesses to get funded within 48 hours. Financing options include invoice financing, working capital loan and purchase order financing. Validus provides personalized, low-interest rates from 1% per month.