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.
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 …
Introducing CrowdFund Talks, A Community for Savvy and Discerning Investors
There are many forums out there but few that focus on investments in crowdfunding and alternative investments. CrowdFund Talks is Funding Societies’ very own community page. We are firm believers of the collective wisdom of the crowds (after all, we’re a crowdfunding platform!) and are motivated to create a platform …
World Bank Advisory Council Member Dr. Muhamad Chatib Basri Joins Funding Societies as Advisor
Funding Societies is excited to announce that Dr. Muhamad Chatib Basri, a highly regarded economist and member of the World Bank Advisory Council on Gender and Development as company advisor. Dr. Basri’s expertise and experience in macroeconomics and the regulatory field will serve as valuable support towards Funding Societies’ vision: …
Funding Societies Hits SGD 200 Million in SME Crowdfunding
Funding Societies is heartened to announce we have surpassed the SGD 200 million mark in total crowdfunded SME loans. This achievement came just 6 months after crossing SGD 100 million in January this year. In the same period, its investor base has also increased from about 40,000 to 75,000, indicating …
Kelvin Teo, CEO and Co-Founder of Funding Societies, Is Co-Chair of the New Marketplace Lending Committee
The alternative finance industry, or marketplace lending, has become increasingly popular regionally in recent times and has been growing at an impressive pace. In 2016, Southeast Asia’s alternative finance market grew 363% from 2015 to a value of US$215.94 million, with marketplace business lending amounting to more than half of …
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A note from Kelvin Teo, CEO: Funding Societies Raises US$25 Million in Series B Funding Led by SoftBank Ventures Korea
When I registered to be the first investor on Funding Societies on 5 May 2015, it was on the earliest version of our website, with a backend system that could only crowdfund one type of financing product. We had a lean team of 5 supporting both our borrowers and investors …
Funding Societies Surpasses SGD 100 Million in SME Crowdfunding
We welcome the start of 2018 with wonderful news: Funding Societies crossed the SGD 100 million mark in total crowdfunded SME loans across Singapore, Indonesia, and Malaysia. We are proud to have achieved our growth responsibly, while maintaining a default rate of 1.5%. Kelvin Teo, our Co-Founder and CEO, commented, …
Funding Societies (Modalku) Won the Global SME Excellence Award
At the end of September 2017, Funding Societies (Modalku) won the Global SME Excellence Award during the ITU Telecom World Awards, held this year at Busan, South Korea. The honour makes Funding Societies (Modalku) the first Southeast Asian company to win the award. The Global SME Excellence Award recognizes the …
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Introducing Miyu, Your Friendly Chatbot, from Our Customer Experience Team
Funding Societies is excited to annouce Miyubot, a chatbot for use in our daily interactions with you. Driven by artificial intelligence and Natural Language Processing, the promise of these technologies in a chatbot coincides with our goal of serving you faster as well as better. Oftentimes, Miyubot will get to …