Is Lendingpot legit?
Yes. Lendingpot Private Limited is a Singapore-registered company with UEN 201011505E, and its own website states it is a fully owned subsidiary of IFS Capital Limited, an SGX-listed financial institution within the PhillipCapital Group. A listed parent company is a meaningful check, because listed entities carry disclosure and governance obligations that a privately held platform does not.
One thing worth understanding: Lendingpot is not a lender, and does not claim to be. It will not appear on the Ministry of Law’s Registry of Moneylenders, because that register covers licensed lenders rather than comparison platforms. The same is true of PickMeALoan. What matters is that the lender you are eventually matched with is licensed — so verify that lender on the registry before you sign anything, whichever platform introduced you.
This Lendingpot review was fact-checked against Lendingpot’s own website and public company records on 30 July 2026. Figures below that come from Lendingpot are described as such, because a platform’s self-reported numbers cannot be independently audited.
Who owns Lendingpot and how big is it?
Lendingpot was founded in 2018 by Randy Sim and Eric Koh, originally to bring transparency to the SME loan market. It is now wholly owned by IFS Capital Limited.
Lendingpot publishes the following figures on its own site:
- 45+ partner lenders, spanning banks, licensed financial institutions and licensed lenders
- $50.1M+ in funded loans
- $219,736 average loan size
- 2,500+ members
- 10,000 applications annually in Singapore, as at 2024
These are self-reported and not independently verified. The average loan size is the most revealing figure on the list: at roughly $220,000, it reflects a book dominated by business lending rather than personal loans.
Lendingpot operates in Singapore, Indonesia and Malaysia, and in March 2026 IFS Capital announced its launch in Hong Kong.
How does Lendingpot work?
Lendingpot uses a competitive bidding model rather than direct matching:
- Submit one application with your loan requirements and details, with optional Singpass integration.
- Lenders bid. Your application is put in front of relevant lenders from the partner network, who respond with terms.
- Compare the offers side by side, including rates, tenures and fees.
- Choose and proceed. For a licensed-lender offer, you will still need an in-person visit, because the Ministry of Law requires face-to-face identity verification at the lender’s approved address before a loan is granted.
Competitive bidding is a genuine differentiator and works well where a loan is large enough that lenders have room to move on price — which is exactly the business-lending case Lendingpot was designed around.
What can you borrow through Lendingpot?
Lendingpot's partner network covers both business and personal financing:
What are Lendingpot’s strengths and limitations?
Who is Lendingpot best for?
How does Lendingpot compare with PickMeALoan?
| Lendingpot | PickMeALoan | |
|---|---|---|
| Built for | Business and SME lending | Personal loans |
| Matching model | Competitive bidding | AI-managed matching, 24/7 |
| Offer delivery | Platform dashboard | |
| Rate approach | Lenders bid | We negotiate, with a rate-match guarantee from 0.82% per month |
| Cashback | Not offered | Yes, on funded loans |
| Offer contact | Platform-managed | PickMeALoan coordinates offers through WhatsApp |
| Parent company | IFS Capital (SGX-listed) | Independent |
| Average loan size | $219,736 (self-reported) | Personal loan range |
The honest difference is what each was built to do. Lendingpot solves business lending well and added personal loans to a business-lending machine. PickMeALoan does one thing.
That focus shows up in the details a personal borrower actually feels. We push lenders for their best possible rate rather than waiting for bids, and back it with a rate-match guarantee from 0.82% per month. PickMeALoan coordinates the offer process and delivers offers in WhatsApp, rather than handing your contact details to every lender for direct sales calls. You choose who to proceed with. And there is cashback on funded loans, which Lendingpot does not offer.
When should you use PickMeALoan instead?
- A personal loan is what you actually need. We were built for it, not extended into it.
- You want the rate negotiated, not auctioned. We push lenders for their best number and guarantee to match a better one.
- You do not want to chase a dashboard. Offers come to you in WhatsApp.
- You prefer a coordinated offer process. Offers come through PickMeALoan in WhatsApp rather than through direct sales calls from every lender.
- You want to be paid for borrowing. Cashback applies on funded loans.
PickMeALoan is a comparison and application platform, not a lender. Each provider assesses your application and sets its own final amount, rate and terms. Applying does not guarantee approval, a particular rate, or a particular loan amount.
Lendingpot is a separate comparison marketplace, not a lender available through PickMeALoan. A PickMeALoan application returns offers from participating banks, financial institutions and licensed lenders; it does not return a Lendingpot offer.
Compare personal loan options, or start an application to request personalised offers.
Other platforms worth considering
- Credible.sg — licensed-lender matching with an audited lender network
- Roshi — a lender marketplace with a cashback rewards programme, operating since 2020
- Money Kinetics — Singpass-integrated matching across banks and licensed lenders
Useful guides
- Compare personal loans in Singapore — side-by-side across banks and licensed lenders
- Borrow money in Singapore — the full range of borrowing options
- Licensed moneylenders directory — how to verify any lender you are matched with
The bottom line
Lendingpot is legitimate and unusually well backed for a loan marketplace. Its SGX-listed parent, registered Singapore entity and 45+ lender network are real advantages, and for an SME owner it is a strong choice.
For a personal loan, the fit is looser. A platform whose average funded loan is $219,736 is optimised for a different borrower than someone comparing a personal loan. That is not a criticism of Lendingpot — it is what it was built to do well.
