Dear Members,

Today, we read on the Business Times about an article on a crowdfunding loan made to TLC Cars. We are concerned about the situation and hope that a resolution will come through for fellow platforms and investors.

TLC Cars did not approach SeedIn for funding requests, nor did we crowdfund any loans for them.

We would like to take this opportunity to highlight to our investors that SeedIn only puts up funding requests on our platform when our Credit Risk Committee (made up of business owners, industry professionals) is willing to fund a part of it themselves.

This enhances the loan curation process because every deal has been reviewed with the interests aligned with our investors.

Regards,
Team SeedIn