GenieShield is a new initiative for lenders’ protection offered by Crowd Genie. Its primary purpose is to help ensure that you receive exactly what you’re expecting - on time.
It is probably the first provision funds launched by a crowdfunding platform in Singapore, and possibly in South-East Asia.
GenieShield can be used to advance funds to lenders in the event of a delay in repayments or default from the borrowers. This helps to buffer the impact on the Lenders’ expected returns due to delays or defaults by borrowers.
All the funds are kept in a segregated reserve fund that is managed by our Escrow Agent. This provides the assurance to our lenders that funds are ring-fenced and cannot be used for any other purpose.
this is a really good solution and can bring success to the project. solving problems of return of the issued means solves many problems, including safety of the project. It is probably the first provision funds launched by a crowdfunding platform in Singapore, and possibly in South-East Asia.
GenieShield can be used to advance funds to lenders in the event of a delay in repayments or default from the borrowers. This helps to buffer the impact on the Lenders’ expected returns due to delays or defaults by borrowers.
All the funds are kept in a segregated reserve fund that is managed by our Escrow Agent. This provides the assurance to our lenders that funds are ring-fenced and cannot be used for any other purpose.
What is the Genie Shield?
