Joshua asked 3 years ago
I’m new here and want to learn to mitigate risk on investing on Funding Society
My main concern is what happen if Funding Society one day roll out and run-away
What will happen to us ? Is there any security or insurance to back us up ?
if there is , what will be the capita which will back us up ?
I was trying to get this answer for sometime but no one or non in the Internet are talking about this . Please advise your opinion
1 Answers
KCLau Staff answered 3 years ago
The bigger concern is actually on the SME who borrow your money?
There is much more likelihood that they default, compared to the platform closing door.
The FundingSocieties is just the middleman. You probably invest most of the money in the notes, rather than keeping it idle in FS accounts.