Seedin is Asia’s leading peer-to-peer lending app with a presence in the Philippines, Singapore, Taiwan, and Cambodia. It is a business financing platform that bridges investors with borrowers through an app. In a sense, it is actually a P2B (Person or Peer-to-Business) lending platform as borrowers in SeedIn are small to medium enterprises. Before getting a loan, prospective borrowers are screened by SeedIn thoroughly to help protect their investors from loan defaults. Seedin has been featured in The Manila Times, and Manila Standard.
If you invest with Seedin, you get a monthly payout which includes part of your capital + interest. This is good as you don’t need to wait for the full maturity before receiving any money. They also have an Auto-Investment program called “Alfred” where you can choose which industry, interest rate, and loan terms. The program will be the one to automatically invest for you. Set it and forget it, after 1 year your capital may earn anywhere between 10% to 20%. That’s way better than your savings account, investing in the stock market and even rental income from real-estate investments.
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Risks and Legalities
Seedin manages payment defaults by scrutinizing borrowers using their own strict credit risk assessment. They get collaterals from borrowers which can be liquidated in case of default. Just like any legitimate investment program, SeedIn has declared that it does not guarantee 100% return on investment.
In terms of legalities, according to a Seedin representative, they working on making the platform comply with the crowdfunding guidelines released by SEC last July 2019. We will update this review once they receive SEC approval.
Note that Seedin parent company in Singapore has MAS approval. MAS (Monetary Authority of Singapore) is the main regulatory and licensing agency for financial institutions in Singapore. This highlights the legitimacy (at least) of the parent company.
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Potential Return
You may reach up to 20% earnings per annum with this platform. You can also participate in multiple loans project as long as you have funds. You can turn ON the auto-invest feature to fully automate the process. I invested 130,000 and earned around 4,000 interest in four months. You can start investing with as little as 10,000.
If you have disposable income (big or small) and okay to invest in a high yield investment vehicle in the short to medium term, consider diversifying your portfolio with Seedin.
Update June 2020 – Seedin is one of the few investment vehicles were investors were not directly affected with the COVID-19 pandemic. Mutual funds and stock market crashed while other alternative investment vehicles where delayed in their payments. Seedin on the other hand, managed to give their payouts on time. This shows that the organization has enough liquidity even in a dangerous time like this. Kudos to Seedin’s management team.
If you are interested, you can sign up and start investing with Seedin here.
