Running a business in Singapore can be difficult, especially for small and medium enterprises (SMEs), with the need for a cash budget becoming apparent. It can be challenging to locate the resources you need, keeping in mind that there are taxes, wages, and other expenses to be paid. This is …
What is the ‘E’ in ESG?
What is ESG? ESG, as outlined by the United Nations, is a term used to highlight a company’s financial and non-financial interests that are primarily concerned with long-term sustainability and ethical impacts. ESG approaches are comprehensive and call for risks and strategic planning, measurable objectives and specialised data analysis. It …
What is Cash Flow and Why is it important for SMEs
What is Cash Flow? Cash flow is the net amount of cash and cash equivalents that enter and leave a company during a specific time period. Whether your cash flow is made up of owned capital or borrowed monies, a tally will indicate if the business is in debt or …
Day in the Life of Kelvin Teo, our Co-Founder and CEO
What is it like to lead the largest SME digital financing platform in Southeast Asia? 1. How long have you been with Funding Societies | Modalku? I co-founded the company with Reynold Wijaya more than seven years ago when we were in Harvard Business School. 2. What is your professional …
Boost Your Chinese New Year 2023 Sales with Working Capital Loans and Accounts Payable Financing
Chinese New Year 2023 falls on 22 January, and as we prepare to leap into the Year of the Rabbit, it is also the perfect time for your business to anticipate an influx of customers. The New Year holiday season is known to be a boon to retail, wholesale, e-commerce, …
Funding Societies: Year in Review 2022
2022 has been nothing short of volatile. Yet, we at Funding Societies have managed to weather the tumultuous market conditions brought about by the current global slowdown, achieving many strategic milestones throughout the year. Let’s take stock of what we’ve done: here’s Funding Societies’ Year in Review 2022! ⏪ Quarter …
Key Takeaways from Budget 2022 to help SMEs prepare for 2023
During the Singapore Budget announced on 18 February 2022 in particular, Deputy Prime Minister and Finance Minister, Lawrence Wong, shared various measures to support small and medium enterprises (SMEs) amidst the current macroeconomic uncertainty. This article will provide key takeaways from the Budget 2022 to help SMEs prepare for 2023. …
What is Accounts Payable Financing and how does it help businesses?
One of the major constraints to the growth of small and medium enterprises (SMEs) is the lack of or limited access to business financing. Many times, SMEs struggle with balancing the hassle of taking on business loans and the need to purchase inventory. However, working capital is crucial for business …
Cybersecurity Alert: Be Aware of Social Media Advances
Facebook, Instagram, Tiktok, Twitter, Telegram, Discord, Snapchat, Realme, Xiaohongshu. The list of platforms that people use today to search for and form their own communities goes on. Social media’s influence on business, politics, culture, and education is widespread; close to 90% of Singapore’s population are users of social media, leaving …
Day in the Life of Frank Stevenaar, our Chief Financial Officer
What is it like to lead Funding Societies | Modalku’s Finance team? What is your professional background? I started my career at KPMG before moving on to an insurance company focusing on mergers & acquisitions. After that, I co-founded a financial services metasearch platform called GoBear and we launched the …