4 Ways of Utilising the Elevate Virtual Card to Expand Your Business

4 Ways of Utilising the Elevate Virtual Card to Expand Your Business

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

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 …

SME Business Financing: The Definitive Guide (2023)

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

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

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 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

Budget 2022 Blog Image

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

2211 FS SG Micro Loans vs. Term Loans Blog Banner rev

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 …