Investing during a recession: COVID-19 has brought global economic activities to a near standstill, Singapore included. While effects of the pandemic have proven to be severe, with subsequent repercussions being difficult to predict, it is important to not disregard the opportunities that it can bring for some sectors. Investors should …
SME Grants Singapore: The Definitive Guide [2020]
SME Grants Singapore: This is a complete guide to SME grants in Singapore in 2020. Readers can expect to gain a solid understanding of what qualifies as an SME, as well as various grants available locally. In light of COVID-19, pandemic-specific grants will also be explored. Lastly, actionable steps on …
How Diversification Can Help to Minimise Risks in P2P Lending
One of the largest risks in investing in a P2P lending platform like Funding Societies is the risk of a loan defaulting. Portfolio diversification by the means of investing into a good mix of deals on the platform could help investors to minimise this risk. For business term loans, a …
An Overview of P2P Lending in Singapore
Peer-to-Peer or more commonly known as P2P lending started in the US and UK slightly over a decade ago in 2005, and has since taken the world by storm. Its global value is expected to hit an astounding USD1,000 billion by 2050. In recent years, this form of alternative lending …
Funding Societies Review:
5 Years and S$1.4b in SME Financing later
And our renewed commitment to the local business community in future Let’s review Funding Societies: This month we turn 5 years old! From a wide-eyed newbie who burst onto the lending scene and quickly disbursed our first crowdfunded loan in 2015, to an experienced digital financing platform who is now …
Investing into Property-backed Secured Investment
Debt crowdfunding, commonly known as peer-to-peer (P2P) lending is an investment concept where individuals & institutions together invest in loans to SMEs and earn returns in the form of interests. Launched over 1.5 years ago after Business Term Loan Investment and Invoice Financing Investment, the Property-Backed Secured Investment provides a …
Digital Financing Timely in a Period of Physical Isolation
The number of COVID-19 cases in Singapore has been on the rise. As of 6 April 2020, there have been over 1,300 cases, with 25 of the patients in critical condition. Singapore’s economy has contracted by 2.2% in Q1 as a result of the virus, with the construction and services …
Singapore’s E-Payment Roadmap
Singapore’s E-payment Roadmap: Electronic payments (e-payments) are a convenient alternative to the use of cash and cheque as payment modes. Not only do they offer consumers like you and I a swift and efficient way to pay, they also help businesses enhance productivity. Cash and cheques cost the economy is …
Drivers of ASEAN’s Fintech Landscape
According to UOB’s report on the State of Fintech in ASEAN, Singapore takes the lion’s share of fintechs in the region, at 39%. In Singapore alone, fintech investments crossed the billion-dollar mark, a figure that the Monetary Authority of Singapore (MAS) has set for 2019 but has achieved within the …
The 2020 Fintech Landscape in Singapore
With Singapore fintechs taking 51% of ASEAN funding as of Q3 2019, it comes as no surprise that investors may be keen to learn more about the country’s fintech landscape. Singapore has over 40 innovation labs, more than 500 fintech start ups, SGD500 million in record-high fintech investments in 2018, …