In the previous section of this guide, we discussed the expenses and potential revenue issues. In this section of our guide, we discuss the possible reasons why you may business financing and how to evaluate your need for financing. Business Expansion After growing your business for several months, you see …
How Peer-to-Peer Lending Supports Financial Inclusion
Financial inclusion is increasingly becoming a buzzword in the finance arena. While crucial in setting a strong foundation for development, the Southeast Asian (SEA) region and the world still has a lot of room for improvement. This is where Peer-to-Peer (P2P) lending can step in to steer the money lending …
Understanding your Business Revenue and Expenses | The Definitive SME Business Financing Guide 2018
Having proper accounting will enable you to check the health of your business. Hiring an accountant and adopting proper accounting software will ensure that you properly track your revenue streams as well as expenditure. Business revenue Let’s start with revenue. Typically, businesses have a core revenue stream. By accurately measuring …
An Overview of SME Financing in Singapore | The Definitive SME Business Financing Guide 2018
If you are an SME owner, there is a high chance you would have encountered finance-related issues when running your business at some point in time. In this detailed guide, we will go in-depth to understand the SME financing landscape in Singapore and the challenges involved in business financing. Our …
Funding Societies named on the 2018 Fintech 250 list by CB Insights
CB Insights has named Funding Societies to the second annual Fintech 250 list, a prestigious group of emerging private companies working on groundbreaking financial technology. This is also the second consecutive year that Funding Societies has been included in the prestigious list.
A Guide to Financing Your Manufacturing Business
If you are looking to set up your own manufacturing facility in Singapore, there should be some factors for you to consider as it can be a challenging task for any entrepreneur. Your profit and loss figures identify your sales, expenses and the resulting profit or loss. This information is …
How Diversification Can Help to Minimise Risks in Peer-to-Peer Lending
One of the largest risks in investing in a Peer-to-Peer lending platform like Funding Societies is the risk of a loan defaulting. Diversification can help to minimise this risk. For business term loans, a default is defined as a loan that has been unpaid for over 90 days. For invoice …
Funding Societies Hosts Its First Tertiary Marketing Case Competition
This year, Funding Societies organised our own Tertiary Case Competition for Singapore-based tertiary students. It’s also the first-ever marketing case competition by a Fintech startup! Students were required to devise a 6-month integrated marketing plan to drive our mission in helping to increase financial inclusion for SMEs in Singapore. We …
7 Expenses Restaurant Owners Can Expect to Face
Whether you’re an experienced restaurant owner dreaming of Michelin stars or an aspiring café owner looking to open your own café, financing your F&B business can be extremely challenging in Singapore. How much does it cost to start a restaurant business in Singapore? A restaurant business can be expected to …
5 Types of Alternative Investments
Stocks and bonds are not the only things you may invest in. There is a range of alternative investments available which fits one’s investment profile, risk appetite and investment capital. What are alternative investments? Alternative investments refers to any investment which does not fall under the traditional umbrella of stocks, …