Our Escrow agent, Vistra, is a licensed trust company regulated by the Monetary Authority of Singapore (MAS). They act as a middleman to receive, hold, and disburse monies for the transacting parties (i.e., the Investor, Borrower and SmartFunding) based on the predetermined contractual conditions agreed upon by the transacting parties.
Having an escrow agent helps to ensure that monies from the Investors are always kept separately from the operational accounts of SmartFunding. If SmartFunding cease operations, Investor’s monies held in the Escrow account will not be liable to payments owed by SmartFunding. This adds an additional layer of security to Investors.