Environmental, Social, and Governance (ESG) is a framework used to evaluate and assess an organisation’s business practices and performances based on varying sustainability and ethical issues. The term was first introduced in the 2004 United Nations (UN) report, “Who Cares Wins”, which was a joint initiative of financial institutions invited …
Day in the Life of Nihit Nirmal, our Group Chief Product Officer
What is it like to lead Funding Societies | Modalku’s Product team in Southeast Asia’s largest SME Digital Financing platform? 1. How long have you been with the company? I’ve been at Funding Societies | Modalku for close to 4 years. 2. What is your professional background? I have 16 …
How to use Elevate for SMEs: Issue Unlimited Sub Cards to your team
As a small or medium-sized enterprise (SME) based in Singapore, managing company expenses can be a daunting task. With limited resources and manpower, busy business owners can find it difficult to keep track of spending and ensure that budgets are allocated correctly. This is why having a corporate card with …
5 Pros and Cons of Refinancing your SME Business Term Loan in Singapore
Taking out a business term loan can be an invaluable source of funding to help SMEs grow the business. A business term loan is a type of financing that provides SMEs with access to capital over a defined period of time. It can be used for various purposes such as …
5 SME Loan Options to Take Your Business to the Next Stage
Business loans can help the growth of your business in various ways. Whether they’re used to hire more employees, offer new products, expand to a new market, or purchase better equipment. These financing options can provide your business with the capital you require to branch out. Taking the crucial step …
4 Ways of Utilising the Elevate Virtual Card to Expand Your Business
As a small and medium-sized enterprise (SME) or business owner, do you often find yourself lacking complete control and overview of your company expenses? Well if you face this dilemma, the Elevate Virtual Card is an option on top of a credit line from Funding Societies which can help you …
To green Southeast Asia, zero in on SMEs
Amid tough market conditions, smaller players are likely to pick survival over sustainability. Can the industry change that? -by Kelvin Teo Kelvin Teo is the Co-founder and Group CEO of Funding Societies | Modalku, the largest SME digital financing platform in Southeast Asia. 2023 is in swing, and with the …
What Every SME should know about AR Financing vs. AP Financing before Applying for a Business Loan
Without access to capital, small and medium-sized enterprises (SMEs) can struggle to grow and thrive. Are you an SME looking for a business loan? You may have heard of Accounts Receivable (AR) Financing and Accounts Payable (AP) financing in Singapore, but do you know how they differ? Both are common …
Understanding the ‘G’ in ESG
We all know the importance of ESG by now, as previously featured on our blog post on “E” (Environmental) and “S” (Social) aspects of ESG. But out of all three letters in the acronym, the “G” is often overlooked, because it is viewed as not “directly” linked to sustainability or …
Funding Societies Singapore: Introduction to our SME Loan, Virtual Card, and Expense Management Products 2023
Are you a small business owner in Singapore who has explored a variety of business financing options but can’t find what’s best for you? If you’re looking for financial support aside from banks and traditional financial institutions, and need more information on alternative business financing, we have the guide for …