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

Singapore

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.

Still, the episode is likely to bring to the fore issues of transparency and investor education, which could impact how crowdfunding is carried out in the future, they added.