Ever had moments where you would camp in front of your desktop or mobile screen at 11:58am, standing by during the last two minutes before a crowdfunding campaign opens at 12pm? You don’t need to do that, because there is Auto-Invest for our investors.
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What is Auto-Invest?
Auto-Invest is a super useful function that, when activated, helps you auto-allocate funds to investments that you want to invest in.
How do I activate Auto-Invest?
Set the following criteria based on your preferences:
- Industries to opt out of (all industries are opt-in by default)
- Product: Business term financing, Invoice financing or Property-backed secured loans
- Tenor length
- Annual interest returns
- Investment amount: Select minimum amount based on each loan or specify your chosen amount
For mobile users:
For desktop users:
How does it really work? Give me the details please.
Here’s an overview of the algorithm to give everyone a fair chance in getting funds auto-allocated in the investments of their choice.
OK. I’ve set up my Auto-Invest. Now what do I do?
It is crucial to have a healthy balance in your investor account! We recommend having at least SGD 3,000 so that you have sufficient funds for Auto-Invest to work seamlessly. Auto-Invest will not allocate funds if your preferred investment amount is higher than what you have in your account balance.
Remember, the next time a new crowdfunding campaign comes out, all you need to do is check whether you’ve been auto-allocated to invest in the loan during the pre-crowdfunding period. So much precious time saved!
Still unsure? We got your back.
Talk to Miyu or any of our customer experience teammates via Live Chat. We’ll be there to help you understand Auto-Invest, and activate the first Auto-Investment profile for you!
P.S. No cats were harmed during the creation of this blog post.
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The process map indicates that prioritized investors’ funds will be invested in the event that not all investors can be fitted after pro-rating downwards to nearest $100.
Are prioritized investors those who missed out on an investment because demand outstrips supply?
Do the priority scale up as a particular investor miss out on more investments?
If so, are the priority of these investors ‘reset’ after the next successful investment, even if that investment does not require prioritizing one investor over another (i.e. supply > auto-invest demand)? Or are the priority only reset upon a successful investment where prioritizing is required?
Hi Yi Hao, thanks for your question. For our auto-allocation system, it is based on a queue system. New Investors would start at the bottom of the queue. Each time an investor is allocated a loan, they rejoin the queue again. However, if investors opt out of their allocation, they will still retain their place in the queue.
If you have any other queries about how Auto-Invest works, you can read more about it here : https://intercom.help/funding-societies/investing-with-funding-societies/understanding-our-auto-invest-20-algorithm
Also, feel free to LiveChat with us on fundingsocieties.com should you require any assistance!