Meet Vikas Jain, the multifaceted leader steering Funding Societies | Modalku’s (FSMK) growth as Chief Operating Officer (COO) for Thailand, while also championing Debt Fundraising and ESG and impact initiatives. Vikas, FSMK’s first employee and founding team member, stands as a driving force behind FSMK’s success story, pioneering innovation and …
Harvesting Opportunities: Innovations in Financing Capital-intensive Startups
In Singapore, small and medium-sized enterprises (SMEs) are pivotal in driving innovation, job creation, and economic growth. SMEs make up 99% of all local businesses and employ up to 71% of the workforce, according to the Department of Statistics in Singapore. While many of these SMEs are in the service …
Enhancing Business Cash Flow through Accounts Receivable Financing
What is Accounts Receivable Financing ? Increasing your business cash flow is crucial for sustaining work operations, such as, investing in growth opportunities, and managing day-to-day expenses. One effective strategy to achieve this is through accounts receivable financing, which allows you to access funds tied up in outstanding invoices. Listed …
Revolutionising Business Operations: The Impact of Artificial Intelligence
With the current advancements in artificial intelligence, it’s clear that robotisation is here to stay and improve over time. In fact, the automation industry has the most dependency on Artificial Intelligence (AI) for its processes, estimating a 39% reliance globally as of 2018. According to statistics, the number of industries …
CSR VS. SUSTAINABILITY
The terms Sustainability and Corporate Social Responsibility (CSR) have gained immense traction in recent years. We often hear these two terms used interchangeably in business, but do they mean the same thing? What is CSR? Corporate Social Responsibility (CSR), is a voluntary practice adopted by businesses to demonstrate their responsibility …
Rescuing F&B Supplier Relationships with AP Financing
Singapore’s vibrant, thriving food and beverage (F&B) industry is a bright spot in the economy, showing signs of robust growth in the face of uncertainty. As of April 2023, all F&B services industries recorded year-on-year growth, according to data from the Singapore Department of Statistics: Food caterers: 61% Fast food …
Export Financing Explained: How to Protect Your Cash Flow When Expanding Overseas
Global enterprises want to diversify their supply chain, looking beyond China for offshore labour, supplies and products — a strategy known as “China plus one”. They don’t need to look far; Asian countries like Singapore, Malaysia, Indonesia and others comprise “Altasia”, representing viable alternatives to China as production bases for …
Pros and Cons of Utilising Micro Loans for Your Business
Micro Loans have become an increasingly popular option for small businesses looking for funding. While the loan can provide much-needed capital for businesses, it also has potential drawbacks. Micro Loans are generally smaller in size compared to traditional business loans. Additionally, Micro Loans can be a valuable resource for small …
Financial Solutions from Generative AI? 2023 Hackathon Delivers
Few topics have hogged the headlines like Artificial Intelligence (AI) has all year. The recent development of Large Language Models (LLMs) has given AI the uncanny ability to imitate human intelligence – and for Funding Societies’ crack team of engineers, this is an opportunity that’s impossible to pass up. Since …
How the RCEP Can Turn Singaporean SMEs to Regional Brands
Welcome to the world’s largest trading bloc. In 2021, Singapore joined fellow ASEAN members along with China, Australia, New Zealand, South Korea, and Japan to sign the Regional Comprehensive Economic Partnership (RCEP). As of this year, it is the world’s largest free trade agreement (FTA) as it covers a third …