Have you come across business owners urgently looking for business financing but are unsuccessful in their attempts to get from banks or other sources? You can be a lifeline by referring them through Funding Societies’ SME Referral Programme. Besides providing the SME with an alternative avenue for financing, you also …
Funding Societies Year in Review 2018
Happy 2019 from Funding Societies! Let’s take a look at some of the key highlights in 2018. Series B Round We raised a series B round of US$25 million, led by Softbank Ventures Korea, along with existing investors Sequoia India, Alpha JWC Ventures (Indonesia) and Golden Gate Venture and new …
Funding Societies at the Singapore Fintech Festival 2018
What an exciting week for us and the finance industry at the Singapore FinTech Festival 2018! A report from MAS, the organiser of the event, showed more than 40,000 visitors gracing the Festival. Our booth at the ASEAN Fintech Startup Zone was constantly streaming with people from all over the …
Funding Societies named on the 2018 Fintech 250 list by CB Insights
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 Loans Disbursed
Funding Societies is heartened to announce we have surpassed the SGD 200 million mark in total funded 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 …
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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 fund 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 Loans Disbursed
We welcome the start of 2018 with wonderful news: Funding Societies crossed the SGD 100 million mark in total funded 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, …