Investing in Invoice Financing vs Term Loans

Investing in Invoice Financing vs Term Loans at Funding Societies

Some of our investors may have already heard of our new product – Invoice Financing. We hope that this post will help to answer some of the FAQs regarding investing in invoice financing and dispel any confusion. Q: What is invoice financing? Invoice financing is a loan product where sellers …

Funding Societies raises $7.5M for its loan marketplace in Southeast Asia

Funding Societies raises $7.5M for its loan marketplace in Southeast Asia

We are humbled to announce that Funding Societies has raised a $7.5 million Series A round for its take on marketplace lending. Sequoia India — the VC firm’s fund that invests in Southeast Asian companies — led the investment, which included angel investors. Read more on TechCrunch here.

Traditional Financial Institutions vs Crowdfunding Platforms

Comparison between 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 …

Good Deeds Paid Off for Withdrawal of Loan

At Funding Societies, safe growth is more important than fast growth.

As you are aware, Funding Societies takes credit assessment and defaults very seriously. To us, safe growth is more important than fast growth. This is evident from our default rate of 1.8% (as of June 2016), which is much lower than that of comparable platforms. It is a principle shared …

The SME Guide to Business Financing

The SME Guide to Business Financing

If you are part of a Singapore SME, it can be difficult to get funding for your business. According to this Business Times article, four in 10 Singapore SMEs lack support from financial institutions. While certain banks are recently looking to grow their SME lending, financial support for Singapore SMEs …

New Regulations, Quick Adaptations

Funding Societies

On June 8, MAS announced regulations for lending-based crowdfunding. The news wasn’t a surprise to Funding Societies, as we have always been proactive towards regulations. But it is important that you are aware of the news. In short, lending-based crowdfunding platforms will require licenses – likely in late 2016 or …

My Greatest Takeaways From the 12-week Internship at Funding Societies

Takeaways from internship at Funding Societies

Shin Yiseul, our very first intern at Funding Societies, shares her greatest takeaways from her 12-week internship with us: Everyone dreams of finding a job they love. Like many other undergraduates, I spent several summer breaks in various internships, letting each experience guide me in discovering my passion. This phase …

Funding Societies Adopts International Code of Conduct for Self-regulation

signatory of the Small Business Borrowers' Bill of Rights

With innovative financing methods such as Peer-to-Peer (P2P) lending on the rise, it is essential to do so with responsible practices. This is why, Funding Societies is proud to join other world-class P2P lenders such as Funding Circle and Lending Club as a signatory of the Small Business Borrowers’ Bill …

3 Reasons Why Peer-To-Peer Lending Should Be In Your Portfolio

Why Peer-To-Peer Lending Should Be In Your Portfolio

Peer-to-Peer (P2P) lending is a fixed-income instrument. The concept of how it works is that individuals lend money to Small & Medium Enterprises (SMEs). It is somewhat like crowdfunding, where people pool money to give it to a company that they want to support. However for P2P lending, they lend …

Funding Societies’ Commitment to the Safe Handling of Funds

peer-to-peer (P2P) lending firm, Ezubao

By now, you would have most likely heard about the events unfolding in China regarding peer-to-peer (P2P) lending firm, Ezubao. After months of speculation and weeks of police investigations, Chinese state media reported that, there is “substantial evidence online peer-to-peer broker Ezubao cheated about 900K investors out of more than …