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#makingHERstory

International Women's Day 2022

In celebration of International Women’s Day, here at Funding Societies, we wanted to take a moment and reflect on how we are empowering the Women here within our organisation. As we kick-start the initiative called “#makingHERstory” a women-focused leadership programme, we got insights from our very own Chief People Experience …

Introducing Elevate, Virtual Card to Answer SME Growing Digital Payment Needs

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Since the start of the COVID-19 pandemic, both digital-service use and the digital market have grown rapidly in Southeast Asia. According to the e-Conomy SEA 2021 Report by Google, Temasek, and Bain & Company, there are now 350 million digital consumers in the region (defined as consumers who have made …

What is a Business Term Loan?

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Many SMEs face difficult day to day challenges that stem from short term cash flow problems. These cash flow problems cause a rippling effect which not only hinder daily operations, but may also impede the long term growth of the company. A study in 2021 by Mastercard indicates that financing …

SME Digital Financing Platform – What is Debt Investment?

SME Digital Financing Platform

SME Digital Financing Platform With 226,000 enterprises in Singapore in 2020, there is great demand in the market for business loans, ranging from short to long term loan preferences. However, many Small and Medium Enterprises (“SMEs“) have a brief operational or credit history, yet seek faster loan disbursement rates and …

2021: A Year in Review

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A Year in Review Just a year ago, countries all around the globe hurried to pull down the shutters on their airports and economies took a hit, but today paints a different picture; across the world, country borders are opening up to vaccinated persons for international travel, economies are preparing …

4 Finance TED Talks you should watch in 2021

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Financial Technology, or FinTech, first flourished during the Internet explosion in the early 2000s when e-commerce models were the rage. Today, it has evolved into the unbundling of existing services offered by traditional financial institutions and delivered sophisticatedly using specialised software and algorithms to businesses and consumers alike. Fintech startups …

4 Ways FinTech Developments will Change the Job Scope of Credit Underwriters

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Financial Technology (FinTech) developments have allowed firms to analyse large amounts of data like never before. According to research firm Gartner, by end 2024, 75% of firms will shift from piloting to deploying non-traditional technologies, triggering a five-fold increase in streaming data and analytics infrastructure.  FinTechs use the power of …

Why Green Financing is good for the environment and you as SME

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It is no surprise the weather has become a little heavier, a little more humid, and a little more unbearable each day. The annual mean temperature in Singapore has increased from 26.9°C in 1980, to 28.0°C in 2020, according to the National Climate Change Secretariat. Air conditioning has now become …

How to score your financial goals with Budgeting

How to score your financial goals with Budgeting

What is budgeting? Budgeting refers to the act of planning how you spend your money. Just as how Singapore sets aside budget to address various social issues for different groups of people, individuals like yourself can also allocate different amounts of money to different uses. How can budgeting help me …

Franchises In Singapore: How Much Does It Cost To Start? (2021)

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Franchise opportunities can be a good way to start up your own business, but you may need to deal with stiff rules and high costs. Attracted to the idea of running a business, but can’t come up with a halfway decent business proposal even if your life depended on it? …