Crowd sourcing has developed into crowd funding in recent times. These have provided avenues for new business opportunities and innovations to thrive.
Peer to Peer Loans
Another interesting trend has been the appearance of Peer-to-Peer Loan services, allowing the retail investors to became a banker, providing micro-financing. There are several such services in the US and UK. Such loans are not without risk for the lender, and some bad loans are only to be expected.
When will we see such innovations become possible in Singapore?