Funding Societies Named One of the Top 75 FinTech Startups in Southeast Asia

Funding Societies Named One of the Top 75 FinTech Startups in Southeast Asia

FinTech has grown rapidly over the recent years and Southeast Asia is catching up with the trend with the proliferation of new startups and FinTech innovations. Funding Societies is honoured to be included in Techsauce’s “Top 75 FinTech Startups in Southeast Asia” Annual Report. Read more about us and the …

Funding Societies Won 3rd Place for MAS FinTech Awards 2016

Funding Societies Won 3rd Place for MAS FinTech Awards 2016

On 18 November 2016, the Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore awarded the ten most innovative FinTech companies as part of the Singapore FinTech Festival. The MAS FinTech Awards recognises innovative FinTech solutions that have been implemented by FinTech start-ups, financial institutions, and technology companies. We …

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.

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 …

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 …

Funding Societies Partners with Orangefield Trust in Singapore

New peer to peer lending platform Funding Societies has inked a partnership with Orangefield Trust to hold funds from lenders.  The collaboration is said to “provide lenders with greater confidence in engaging P2P lending platforms”. “We have taken steps to ensure there is no mishandling of funds that go through our comprehensive system. Engaging a …