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Is Aspire a peer-to-peer (P2P) lending platform?
Is Aspire a peer-to-peer (P2P) lending platform?
Updated yesterday

No, Aspire is not a P2P lending platform in Singapore or any other country where it currently operates.

In Singapore, Aspire can provide loans to business customers, as A.F.T. SG Pte Ltd (“AFT SG”) is an exempt moneylender under The Moneylenders Act 2008, having been granted an exemption from the Singapore Ministry of Law. Please see the registration details here. The loans are provided directly by A.F.T. SG Pte Ltd to business customers, which is not peer-to-peer lending activity.

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