What is MoolahSense’s role to both Investors and the Issuer (SME)?
MoolahSense’s principal role is to:
- Perform introductory functions on behalf of prospective Issuers and Investors for the issuance of notes.
- Provide a streamlined process for the issuance of notes (including the development of standard contract notes).
- Facilitate the payments and collection of sums due under or in connection with those Notes (including taking certain actions on behalf of investors upon an issuer’s default or if the issuer becomes, or is likely to become, insolvent).
MoolahSense is not a party to the Note.
What is MoolahSense’s track record?
MoolahSense is the pioneer digital lending platform established in Singapore. We are also the FIRST to obtain a full Capital Market Services License (CMS-100568-1) from the Monetary Authority of Singapore. As of end July 2018, we have completed over ...
What is MoolahSense?
MoolahSense is Singapore’s pioneer and first fully licensed marketplace lending platform by the Monetary Authority of Singapore where people invest directly in local businesses for fixed returns whilst supporting the core of our economy and fostering ...
How does MoolahSense’s platform work?
With the innovation found only at MoolahSense, the platform provides Investors and Businesses with two allocation mechanisms: (1) First-Come-First-Served; and (2) Auction – similar to reversed-Dutch auction and COE bidding exercise.
What is MoolahSense’s loan default rate?
Default Rate = Amount of Outstanding Loan Repayment Monies in Default _______________________________________________________ Total Amount of Loans Disbursed The default rate is computed taking the amount of outstanding loan repayment monies in ...
What happens if MoolahSense goes out of business?
MoolahSense has put in place comprehensive arrangements so that in the event that MoolahSense goes out of business, the notes that have been successfully issued on the platform will be unaffected and investors will continue to receive their monthly ...