Which platforms should I use?
There are a number of crowd-lending platforms in Singapore. For beginners, I would suggest starting with MoolahSense, Capital Match or Funding Societies. These three platforms are mainly involved in the SME lending business. Personally, I use all three platforms actively to search for investment opportunities.
There are also other platforms such as CoAssets (real estate financing) and New Union (secured business lending) but I find that the risks are much harder for beginner investor to appreciate. We’ll revisit these platforms in future posts.
Source: letcrowdsmarter.com
If you can, I would suggest signing up with all three platforms. This is so that you can get a wider range of loans to choose for. The platforms are all quite intuitive and easy-to-use.
Up next: Beginner’s Guide Step 4 – Cash Management
Further information of each platform below…
MoolahSense
Website: http://www.moolahsense.com/
Introduction video
Tutorial on how to use MoolahSense Platform
Capital Match
Website: http://www.capital-match.com/
Introduction video
Funding Societies
Website: http://www.fundingsocieties.com/
Introduction video
hi,
possible to do a writeup on investing in overseas equity crowdfunding sites? also, wondering if interest earned from such investments in sg and overseas are taxable, since they are with not registered with MAS.
Hi bie18,
To be honest, I haven’t invested much on overseas equity crowdfunding sites. My preference is still crowd-lending where the business is established, interest rate is known and I just need to evaluate my risks. For equity investments, there is too much unknown. If MAS does allow equity crowdfunding here, I’ll take another serious look at this space again and I think there may still be opportunities.
For taxes, I guess you are referring to income tax. It wouldn’t be MAS, but IRAS. Singapore’s income tax are based on locally-sourced income; i.e. income earned in Singapore. Income earned overseas may not be subject to Singapore’s income tax. But that income may be subject to with-holding tax depending on where the income is earned.
Thanks for sharing these platforms. I think that these are all very helpful especially to those business owners who are looking for a fund for their business. This article is really helpful. Thanks for sharing this article.