五家众筹平台包括:新推出的Funding Societies；2014年二月推出的New Union；2014年十一月推出的MoolahSense；2015年4月推出的Capital March；以及即将推出的FundedHere平台。
Funding Societies创始人Kelvin Teo的协作创始人表示："为了提高投资者信心，防止投资平台管理不善，影响到产业声誉和公信力，我们希望产业有明确执行规定。因此,我们希望金管局能够对行业进行监管，保证其健康发展。"
New Union的合作创始人Eddie Lee认为:"众筹是一个朝阳产业,越来越多的公司都在寻求替代性融资来源来发展他们的业务。作为亚洲金融中心，新加坡是公司发展众筹信誉的良好起点。"
Crowdlending platforms in Singapore have asked the Monetary Authority of Singapore (MAS) to issue clear regulations on their industry, local news site The Business Times said. 04 Sep 2015
Crowdlending platforms allow investors to lend money directly to borrowers for a fixed return. Five Singapore-based platforms have come together to ask for proper regulation to help the industry grow and in turn support start ups and small and medium enterprises, The Business Times said.
The platforms involved are: Funding Societies, a newly launched platform; New Union, launched in February 2014; MoolahSense, launched in November 2014; Capital March, of April 2015; and FundedHere, which has yet to launch, The Business Times said.
"Clear regulations and compliance are critical as they help to boost investor confidence and avoid the mismanagement of any platform that could threaten the reputation and credibility of this very young industry. Therefore, we are eager to have MAS regulate this industry to ensure its continuous growth," Kelvin Teo, co-founder of Funding Societies told The Business Times.
With no set rules for the sector, the operators have been trying to interpret the Securities and Futures Act (SFA) - some clauses of which MAS has said may apply to crowdlending platforms, depending on their fund-raising methods, The Business Times said.
However, not everyone is interpreting the rules in the same way. It is unclear whether crowdlending platforms can be described as dealing in securities, and so need a Capital Markets Service (CMS) licence and must register a prospectus with MAS. Each of the platforms has taken its own decisions on this and interpreted the law in different ways, The Business Times reported.
MoolahSense's chief executive Lawrence Yong said: "The crowdfunding industry should be given clear directions. It will prevent rogue players from operating under the veil of ambiguity to arbitrage services that unfairly penalises the responsible and compliant ones, and materially relax the constraints that have been imposed on our operations."
MAS told The Business Times that it has been reviewing feedback and will complete a review this year.
New Union co-founder Eddie Lee told The Business Times: "Crowdlending is a viable industry as even the more established companies look for alternative financing sources to grow their businesses. As a financial hub in Asia, Singapore is in a good position to build up its crowdlending credibility."
In March the European Banking Authority (EBA) said EU legislators need to clarify how existing EU law applies to lending-based crowdfunding.