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Curtain falls on CoAssets crowdfund platform, but no systemic risk seen in P2P lending

Former CoAssets COO Lawrence Lim (left) departed the company in 2019 due to irreconcilable differences with founders Getty Goh (right) and Seh Huan Kiat.


SINGAPORE-BASED crowdfunding platform CA Funding - formerly known as CoAssets - has thrown in the towel and is in the process of winding down, but there is no sign it is a harbinger of the collapse of others in the peer-to-peer lending space, said industry watchers.


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