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Funding Societies sees overheating in crowdfunding

Co-founder reckons there will be "negative competition", with a lot more platforms than good firms.

Mr Teo warned that the crowdfunding market remains opaque and that platforms can window-dress loan defaults to the disadvantage of yield-hungry investors

EVEN as regulations soon come into force for Singapore's crowdfunding scene, there are fears among a few that the floodgates have been flung open too soon for new players to enter this nascent segment.

Crowdfunding platform Funding Societies sees more "negative competition" ahead, said