P2P lending dips amidst MCO


By Joy Lee

Funding Societies CEO Wong Kah Meng Funding Societies co-founder and chief executive officer Wong Kah Meng thinks that demand for P2P financing will increase after the MCO is lifted as the economy gradually recovers.

ALTHOUGH companies are racing to shore up cash as revenues plunge, peer-to-peer (P2P) lending platforms are seeing a decline in financing deals.

Deals on Fundaztic dropped from 10-12 notes per week prior to the movement control order (MCO) to about 4-6 notes currently.

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