Funding Societies is Singapore and Malaysia's safest, fastest growing, and most innovative peer to peer (P2P) lending marketplace.
Invest now for attractive and reliable returns or apply for business loans!
bug fixes and small improvements.
Ratings and ReviewsSee All
I’ve been an investor since 2016, and kudos to the management team and their foresight of onboarding safe loans. My experience on the platform has been great thus far. Customers are easy to win, but trust once broken, is difficult to rebuild especially in this ultra competitive micro loans market. It’s reassuring for investor’s to know the team takes a conservative stance in onboarding loans on the platform and I would rather not take on abit more risk (given the already extremely risky nature of the loans) for a little more gains.
One small suggestion for improvement is to allow the viewing of the loan factsheet on the App.
Good job guys!
The lending platform is as good as its deal flow. Watch out for how much of your initial fund transfer is actually being invested. I find it hard to put beyond $2.5k at work at any single moment in recent months, probably a mix of both number of funds and unique users, as well as a growth of deal flow slower than the growth in available funds. Essentially less being shared amongst more users = lower allocation. And you may just need a small amount of working capital on top of that to fund deals before your payments come in. Don’t put too much into the platform yet. Also, given the low default rate, I would surmise that there is room for the platform to experiment with laxer requirements on some deals.
Developer Response ,
Hey there! Thanks for leaving a review, and we agree that loan/deal flow is extremely important for platform like ours. We have plans to ramp up the number of loans in the coming months to match the demand of our growing investor base.
However, not only is the loan/deal flow important to us, we also don't wish to compromise on our underwriting just to have more loans/deals and possibly have our defaults rise as well. It may be less than ideal now, but we'd like to keep our low defaults as a competitive advantage.
It might be worth noting that we also have loans/deals at times that do not have a maximum investment amount. That provides Investors an opportunity as well to deploy more funds from their available balances.
Great UI and Customer Service
I’ve been on the platform for 2 months so far, and have had great projected annual returns of 12%-13%. Really impressed by Funding Societies’ investment methodology, personal and responsive customer service. The website, mobile app are easy to use and designed well. The banks in Singapore have a lot to learn from the benchmark that these guys have set for how investments and all financial products and services should be. Keep it up guys. :)
- Funding Societies, Pte. Ltd
- 178.7 MB
Requires iOS 10.0 or later. Compatible with iPhone, iPad and iPod touch.
- Age Rating
- © Funding Societies Capital, Inc.
Up to six family members will be able to use this app with Family Sharing enabled.