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Post by perpetualtraveler on Oct 6, 2016 20:53:10 GMT
Are there any platforms open to international investors in Asia, for instance Singapore, Hong kong or elsewhere, that offer 10%+ net with a provision fund of some sort?
Would be great to find something like Mintos or Twino in other countries to diversify a bit, too much exposure to EUR/GBP.
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Mike
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Post by Mike on Oct 6, 2016 22:26:37 GMT
Steer well clear of [*edit: mainland] China. Plenty of reasons.
Hongkong p2p market is, in my experience, rubbish. Young and low quality 'platforms' that will struggle to convince anyone other than whole-loan takers. But it is growing, although I doubt it will ever be worth the risk given the incompetence of local authorities when it comes to new ideas.
Also HKD is pegged so wont help currency exposure.
It's juat too easy to defraud in these (above) jurisdictions. Look at bitcoin for some examples.
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Post by perpetualtraveler on Oct 7, 2016 9:10:22 GMT
HKD is pegged to USD and ofcourse the peg can be adjusted if ever there was a big issue, so I'd still like a reputable platform there. What about other countries in the region?
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Post by perpetualtraveler on Oct 10, 2016 8:48:24 GMT
No one has any suggestions?
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Post by buttchopf23 on Oct 10, 2016 10:30:42 GMT
take a look at crowdo (indonesia) p2p.crowdo.com , you can invest in IDR and send money with transferwise. there is no buyback on the Plattform. loans are secured loans (jewellery) and sometimes they offer invoice discounting.
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m203
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Post by m203 on Nov 9, 2016 21:55:52 GMT
take a look at crowdo (indonesia) p2p.crowdo.com , you can invest in IDR and send money with transferwise. there is no buyback on the Plattform. loans are secured loans (jewellery) and sometimes they offer invoice discounting. So what's the experience with crowdo? What's the interest rate for a loan secured with gold?
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Post by buttchopf23 on Nov 9, 2016 22:00:18 GMT
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m203
Member of DD Central
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Post by m203 on Nov 10, 2016 21:32:06 GMT
Thanks, I have registered. Awaiting approval. Thinking of the loans backed by gold and the odd invoice. Minimum investment is 68 euros? BR P
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Post by buttchopf23 on Nov 10, 2016 22:16:02 GMT
m203Yes, they changed that for the worse, as It used to be half of that. By the, your deposit must be at least 2mio IDR and doublecheck the beneficiary (entity name, not crowdo). Regards G.
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m203
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Post by m203 on Jan 28, 2017 13:26:46 GMT
m203 Yes, they changed that for the worse, as It used to be half of that. By the, your deposit must be at least 2mio IDR and doublecheck the beneficiary (entity name, not crowdo). Regards G. Hi, Currently invested in IDR. Have ypu lookaed at the Singapore loans? Whats your thought regarding those? BR P
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Post by buttchopf23 on Jan 28, 2017 17:40:03 GMT
m203Not to date. Will check them out, as soon as I am allowed to. Just a side note: I have seen many platforms going abroad. It seems that they had a good scoring model or whatever which worked fine in their homemarket. In the new market they failed, as they were not aware about local circumstances or just wanted to blow up their portfolio as quick as possible. Therefore they welcomed everybody. This is just my first thought, might turn out to be wrong. Are you happy with your IDR investments? I am. Regards
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Post by southseacompany on Jan 29, 2017 5:19:05 GMT
take a look at crowdo (indonesia) p2p.crowdo.com , you can invest in IDR and send money with transferwise. Is bank transfer the only method of withdrawing from Crowdo? Do you know if they allow payment out to third party accounts? The bank transfer cost seems egregious. If there was a way to get money out as IDR without a local bank account, I could just keep the travel budget for my next Bali trip in a Crowdo account. That'd be perfect. Forking over 40 euros for transfers plus currency conversion costs, not so much.
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Post by buttchopf23 on Jan 29, 2017 8:06:09 GMT
southseacompany some months ago they did not allow withdrawals to third parties, I guess this has not changed. Deposits from 3rd parties are ok. Open a local bank account is not that easy or even possible from abroad, isn't it?
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Post by southseacompany on Jan 29, 2017 9:22:31 GMT
Open a local bank account is not that easy or even possible from abroad, isn't it? Apparently being resident in Indonesia is a legal requirement for opening a bank account there, so non-residents can't open an account even by visiting a bank branch in person.
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Post by buttchopf23 on Jan 29, 2017 9:50:26 GMT
Thanks, well in that case it seems to be no option for you. I have decided when I begann with crowdo that I will keep my initial deposit there for at least 5 years and then see what to do. By then the charges are easily absorbed by the interest received (hopefully) and I can leave with ok profit.
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