Kelvin Teo and Reynold Wijaya founded Funding Societies in 2015 while studying for their Master of Business Administration (MBA) at Harvard Business School. 8,2 mil Me gusta. In April 2018, just slightly over three years old, Funding Societies raised US$25 million in their Series B round of funding,[9] led by Softbank Ventures Korea, an early-stage venture capital arm of Softbank Group famous for its US$100 billion Vision Fund. The current design has a lot of information and analytics that can be confusing to … FDX - where smart investors meet professional fund managers. The standard loan period ranges from 3 months to 1 year and borrowers can loan up to SGD$2,000,000. Advice and answers from the Funding Societies Team. Funding Societies is now Malaysia’s leading P2P Financing platform, making it the preferred alternative financing option for SMEs across Malaysia. [4] In Indonesia its known as Modalku (which means My Capital in Bahasa). Funding Societies is heartened to announce we have surpassed the SGD 200 million mark in total crowdfunded SME loans. We specialize in all forms of short-term financing for SMEs, crowdfunded by individual and institutional investors. Funding Societies has since maintained an average default rate of around 3% via its multi-pronged risk assessment approach, including continuously monitoring and … Haz tu selección entre imágenes premium sobre Funding Societies de la más alta calidad. "This lending platform was conceived in Boston but born in Singapore", "Funding Societies entrusts crowdfunding funds with MAS-registered Trustee", "Peer-to-peer lending platforms seek new ways to increase investor confidence", "Homegrown Start-Up Modalku Aims to Help SMEs With Crowdfunded Loans - Jakarta Globe", "Funding Societies raises S$10 million in Series A funding", "Funding Societies, a Southeast Asian lending platform, gets $25M Series B led by Softbank Ventures Korea", "Funding Societies to provide alternative financing to SMEs in SEA", "Two Harvard Students Are Changing Lending in Southeast Asia", "Tech in Asia - Connecting Asia's startup ecosystem", "Hong Kong's SuperCharger to help FinTech startups grow", https://en.wikipedia.org/w/index.php?title=Funding_Societies&oldid=966263822, Financial services companies established in 2015, Creative Commons Attribution-ShareAlike License, SME Digital Financing, Crowdfunding, Alternative Investment, This page was last edited on 6 July 2020, at 02:42. With that said, past performance does not guarantee future results and investors must conduct their own research and due diligence on individual investments. Funding Societies is a South-East-Asia based SME digital financing platform, headquartered in Singapore. The platform crossed S$ 1Bn in loans given out in 2019 making it the largest such platform in the region. The loans can be repaid at any time. Low min. Investors including individuals and institutions jointly invest in financing to SMEs and earn returns in the form of interests. We pride ourselves with speed and flexibility, offering the widest range of … Funding Societies makes money by charging borrowers an origination fee and investors a service fee. balance. [12] It has also been selected for the inaugural batch of participants to enrol in The SuperCharger FinTech Accelerator. December 7, 2020 – Co-Founder. Investors make money from interest and rates vary from 7%p.a to 14%p.a. [6] The company claims that SGD$7.8 million in loans had been originated through its Singapore platform up to 30 June 2016.[7]. In the same period, its investor base has also increased from about 40,000 to … Funding Societies realised this need early on and has been working closely with various regulators to not only support in forming regulations but also being an early adopter to good governance practice seen in the more mature markets.” Click to read more on how we help # smallbusinesses derive # credit and get a fighting chance against COVID-19. In all forms of short-term financing for SMEs, crowdfunded by individual and institutional investors 12 it., crowdfunded by individual and institutional investors we have surpassed the SGD 200 million mark in total crowdfunded loans... Impressive returns in recent years vary from 7 % p.a to 14 % p.a to %! Is crowdfunded from our investors for a loan on their respective platforms: funding Societies makes by! 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