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.
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.
Further information of each platform below…
Tutorial on how to use MoolahSense Platform