Small and medium enterprises (SMEs) face more challenges when applying for business loans than larger enterprises. Indeed, a survey of MSMEs that secured financing from digital lenders shows that 74% of them could not secure a loan from traditional lenders. That has created an over US$270 billion financing gap in …
Reduce, Reuse, Recycle: The essential features of waste management
Did you know that the 3R concept of Reduce, Reuse, and Recycle are the essential features of waste management? By 2030, the United Nations Department of Economic and Social Affairs (UNDESA) aims to substantially reduce waste generation through prevention, reduction, recycling, and reuse. It aligns with Target 12.5 of Sustainable …
#MakingHERStory: Women in Leadership
On the 20th of October, Vietnam celebrated their Women’s Day and we as a company celebrated along with them. In this issue of #MakingHERStory we sat down with one of our incredible Finance Operations Managers, Kate Nguyen, from our Vietnam team. Read on to find out what you can do …
Digital Financing vs. Traditional Banking
Digital financing has revolutionised access to funding by making access to financing easier and more convenient. However, traditional banking is still the financial behemoth of old, with a recent survey finding that 69% of Singaporeans prefer it over digital ones. This article looks closely at the intricacies of digital financing …
It’s Time to Elevate! What went on behind-the-scenes of our video campaign?
Many of you may have seen our Elevate brand campaign video and targeted advertisements going around on social media. Elevate is Funding Societies’ virtual business solution, consisting of a virtual card and credit line for small businesses to get more working capital and quickly unlock a myriad of business opportunities. …
Day in the Life of Simon Xie, our Country Head
What is it like to lead Funding Societies’ Singapore team? How long have you been with Funding Societies? 5 Years What is your professional background? I was previously a General Manager for a debt-based investment company, and a registered CEO of a fund management company carrying a RFMC (Registered Fund …
Please be alert against scams!
We are aware of emails and social media scams disguised as legitimate business outreach. Scammers are targeting Funding Societies’ potential clients by tricking them into accessing fake websites and/or social media platforms to make deposits or to provide sensitive personal information. Funding Societies is actively working with the authorities to …
What is Funding Societies Doing for Mental Health Support at the Workplace?
In conjunction with World Mental Health Day which is celebrated annually on 10th October, it’s important to recognise the value of both physical and mental wellness by walking alongside World Health Organisation’s efforts in making mental health and well-being a global priority for all. At Funding Societies | Modalku (FSMK), …
Funding Societies’ 2022 Summer Retreat at Sentosa
Here in Funding Societies | Modalku (FSMK), we are big believers in a culture that enables our people to work smart and forge strong bonds as one ‘FSMK’; and having fun is a key ingredient to uphold that! To that end, on September 2nd, around 35 members of our FSMK …
#MakingHERStory: Women in Leadership
Influence and inspiration Tell us about a leadership lesson that you’ve learnt that’s unique to being a female leader? My previous supervisor once told me, ‘Wherever you go, leave a LEGACY’. This simple yet powerful statement inspires me to work harder, so that my contribution can have a sustainable impact …