As a small and medium-sized enterprise (SME) or business owner, do you often find yourself lacking complete control and overview of your company expenses? Well if you face this dilemma, the Elevate Virtual Card is an option on top of a credit line from Funding Societies which can help you …
To green Southeast Asia, zero in on SMEs
Amid tough market conditions, smaller players are likely to pick survival over sustainability. Can the industry change that? -by Kelvin Teo Kelvin Teo is the Co-founder and Group CEO of Funding Societies | Modalku, the largest SME digital financing platform in Southeast Asia. 2023 is in swing, and with the …
What Every SME should know about AR Financing vs. AP Financing before Applying for a Business Loan
Without access to capital, small and medium-sized enterprises (SMEs) can struggle to grow and thrive. Are you an SME looking for a business loan? You may have heard of Accounts Receivable (AR) Financing and Accounts Payable (AP) financing in Singapore, but do you know how they differ? Both are common …
Funding Societies Singapore: Introduction to our SME Loan, Virtual Card, and Expense Management Products 2023
Are you a small business owner in Singapore who has explored a variety of business financing options but can’t find what’s best for you? If you’re looking for financial support aside from banks and traditional financial institutions, and need more information on alternative business financing, we have the guide for …
SME Business Financing: The Definitive Guide (2023)
Are you a small and medium-sized enterprise (SME) owner looking for ways to finance your business? With so many different types of SME business financing available, it can be difficult to know which one is right for you. This is why we have created this SME business financing guide. In …
Budget 2023: 8 ways Singaporean SMEs can maximise tax benefits
Small and medium-sized enterprises (SMEs) are the lifeblood of the Southeast Asian economy, making up 97% of its businesses and utilising 67% of its workforce. Funding Societies has fuelled this growth by bridging the gap between Southeast Asian businesses and investors since our launch in 2015. As the region’s largest …
2 Simple Ways Elevate can help your everyday business
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 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 …
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. …
Funding Societies’ Micro Loan vs. Term Loan
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 …