Choosing the Right Crowdfunding Product

Interested in raising capital through crowdfunding? We’re not surprised. After all, crowdfunding comes with some pretty sweet advantages. The crowdfunding process is cheap, quick, easy – often entirely online. Because crowdfunding requires no collateral, it is a great alternative to traditional funding such as secured loans. As we discussed in …

PAYDAY! (SaaS)

PayDay! Software-as-a-Service (SaaS) is an easy to use and 100% compliant cloud payroll solution uniquely designed for Singapore SMEs or new business owners who have little or no experience handling payroll. All Funding Societies' clients enjoy 3 months free usage of Cloud Payroll Solution – PayDay! SaaS. Why use PayDay! …

The future of peer-to-peer lending in Asia

As seen on: GTNews The financial services industry has taken huge strides in the last 20-odd years, with path-breaking innovations in the financial system such as the advent of automated teller machines (ATMs), credit cards, online banking, mobile banking and sophisticated loan and deposit products. The speed of innovation has been …

The Different Crowdfunding Options Available

This article is a continuation of our “Business Financing” series, where we provide articles on the different funding options available for SMEs. So far, we have “The SME Guide to Business Financing” “How SMEs are Evaluated for Financing Suitability,” and “Traditional Financial Institutions vs Crowdfunding Platforms.” Traditionally, financial options for …

Investing in Invoice Financing vs. Investing in Term Loans

Some of our investors may have already heard of our new product: Invoice Financing. But perhaps some questions remain on why it is a worthy addition to our list of products, how it is different from our regular peer-to-peer loans, etc. We hope this post will alleviate and dispel any …

Financing difficulties faced by SMEs today

Here’s a stark truth about being a Small and Medium Enterprise (SME) in Singapore: it is difficult to attain financing for your business needs. With SMEs forming the backbone of Singapore’s economy (99% of Singapore’s enterprises are SMEs while 70% of the workforce is employed by SMEs), it is reasonable …

Traditional Financial Institutions vs Crowdfunding Platforms

Thanks to the rise of crowdfunding and peer-to-peer loans, banks and traditional financial institutions are no longer the only options for credit seekers. If you are looking to secure a loan for your business, this is great news. You have more choices now. You can easily find a loan most …