Is MoolahSense regulated by the MAS?
Yes, MoolahSense is regulated by the Monetary Authority of Singapore (MAS). We have been issued with a Capital Markets Services License (No. CMS100568-1) on 11 November 2016.
Prior to launching our platform in November 2014, MoolahSense had consulted with the MAS and obtained clearances that our business model (of facilitating the issuance of promissory notes by businesses through our platform) does not infringe on existing regulations.
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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 do I close my MoolahSense account?
If you wish to close your MoolahSense account, please submit a ticket at : https://moolahsense.com/contact/. Please provide us a scanned copy of your NRIC / Passport / FIN Card / Relevant Identification documents and include in your message to us ' ...
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 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’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 ...