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Introducing Miyu, Your Friendly Chatbot, from Our Customer Experience Team

Miyu, Your Friendly Chatbot from Funding Societies

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 …

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The ABC of P2P – A Concise Guide to P2P Lending

A Concise Guide to P2P Lendin

Peer-to-peer (P2P) lending is a revolutionary FinTech innovation, with the potential to address the lack of SME financing in Singapore. Since traditional middlemen like bankers aren’t part of the system, it increases profits for investors and convenience for borrowers and small businesses. Banks’ major financial model has been interest spreads …

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5 Reasons to Invest in Peer-To-Peer Lending

5 Reasons to Invest in Peer-To-Peer Lending

If you own a small, growing enterprise, getting funding from your peers through peer-to-peer (P2P) lending can be a great substitute to applying for a bank loan. On the other hand, if you are an investor, P2P lending can be a great way to earn returns while helping out SMEs. …

Q&A: Internship at Funding Societies (Part 2)

Internship at Funding Societies

In our last post, we shared the first part of a Q&A session between our 2017 summer interns and Funding Societies Co-Founder & CEO Kelvin Teo. Here is the second and concluding post, where our interns share lessons learned and advice for those who will embark on FinTech internships. What …

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Q&A: Internship at Funding Societies (Part 1)

Internship at Funding Societies

Singapore’s FinTech industry is on the rise. In fact, based on a 2017 Deloitte report, Singapore and London are ranked together as the top FinTech hub in the world. The prominence of FinTech in Singapore has attracted students and educational institutions. This summer, Funding Societies welcomed a diverse group of …

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How to Manage Working Capital for SMEs

How to Manage Working Capital for SMEs

What is the most important focus area for any business? Most SMEs make the mistake of focusing only on the profitability of the business. But liquidity is the other pillar on which a company stands. Liquidity is achieved through efficient working capital management. The concept is similar to a person’s …

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Cash is King, Cash Flow is Emperor

Tips on managing cash flow by Funding Societies

Businesses, especially SMEs, have grown highly competitive in the past 10 years. Local competition is not new, but international and online competition have kept small businesses on their toes. And along with the general cost of living, cost of doing business has gone up as well. In such a scenario, …

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Budgeting: Balance Your Spending

Personal Budgeting: Balance Your Spending

“My money keeps spilling out like water.” Many of us have experienced the frustration of having too many expenses to track. We have to pay for housing, utilities, taxes, transportation, food, the list goes on. Sometimes we can’t catch a break despite bringing in a reasonably good income. It’s normal …

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Why Invest in P2P Lending?

Why Invest in P2P Lending?

Many people are new to peer-to-peer (P2P) lending as an investment option. Questions arise. Is it trustworthy? Does it fit my needs as an investor? Who else have invested in it? All valid concerns. Nearly no one wants to jump in blind when it comes to investing hard-earned money. Not …