Reward: $20 cashback (when you make a total investment of $200 within 30 days of signing up)
Funding Societies is a P2P lending platform for SMEs. You are able to start participating in loans from as low as $20.
The default rate of 1.45% is rather low, but it still shows the risks of P2P lending.
However, the 18% fees on any interest you earn will eat into your returns.
Funding Societies is a good way to diversify your investments while earning some interest. However, it is too risky to solely rely on this platform to grow your wealth!