Business Model. We specialize in all forms of short-term financing for SMEs, crowdfunded by individual and institutional investors. Funding Societies raised S$ 10 million in series A funding in August 2016 led by Sequoia India and Alpha JWC Ventures.[8]. An app for both iGM advisers and clients for self-directed investments. The loans can be repaid at any time. Investors can decide how much to fund each borrower, with the minimum investment at $100 per loan. This achievement came just 6 months after crossing SGD 100 million in January this year. View fullsize. Dr. Basri’s expertise and experience in macroeconomics and the regulatory field will serve as valuable support towards Funding Societies’ vision: … We specialize in all forms of short-term financing for SMEs, crowdfunded by individual and institutional investors. Investors including individuals and institutions jointly invest in financing to SMEs and earn returns in the form of interests. It was the first such platform in Singapore to engage an escrow agency to independently and safely manage investors’ funds. 30 were here. About Funding Societies Launched in 2015, our mission is to uplift societies in Southeast Asia by creating financial opportunities for everyone. Funding Societies is now Malaysia’s leading P2P Financing platform, making it the preferred alternative financing option for SMEs across Malaysia. Funding Societies | Modalku is the largest P2P Lending platform in Southeast Asia. We introduced this product for you to have an additional option for product diversification and the potential for you to create a more balanced portfolio of unsecured as well as secured investments. PROBLEM. Funding Societies is a South-East-Asia based SME digital financing platform, headquartered in Singapore. Funding Societies has a great performance track record, highlighted by its impressive default rate of just 1.35%. Funding Societies provides borrowers an online application process by supplying details about themselves and the loans that they would like to request together with the required financial documents. balance. Funding Societies Redesigning the investment monitoring experience. They are also applying for the Singapore digital banking license with MAS. Funding Societies is heartened to announce we have surpassed the SGD 200 million mark in total crowdfunded SME loans. On the 19th of April 2018, Funding Societies have managed to maintain low default rates across the region, at 1.3% and disbursed more than US$110M in more than 3000 loans. Staff Count. Dear ex-FS team member, Thanks for your kind note. Funding Societies is the leading peer-to-peer lending platform in Southeast Asia. No min. Investors. In November, 2019 they crossed S$ 1Bn in loans given out becoming the largest such platform in the region. As you would have noticed we have started offering more property-backed investments on our Funding Societies platform in recent times. [12] It has also been selected for the inaugural batch of participants to enrol in The SuperCharger FinTech Accelerator. At the end of the tenure or earlier, the UCD will make a repayment of principal + interest back to the investors involved. FDX - where smart investors meet professional fund managers. 101-200. 8,2 mil Me gusta. Funding Societies and Samsung Ventures, along with Samsung Life Insurance Co., will create a strategic alliance to introduce prospective partnerships and collaborations. Funding Societies is an online platform for SMEs to acquire loans to fuel their growth and for investors to crowdlend. Funding Societies | Modalku is the largest P2P Lending platform in Southeast Asia. UEN. 2 articles in this collection Written by Glennice Yong and Tom Brown. Funding Societies addresses this gap through technology by providing fast, customised, and flexible funding for the growth of local SMEs. B2C. Easy passive income. 30 were here. Encuentra fotos de stock perfectas e imágenes editoriales de noticias sobre Funding Societies en Getty Images. Funding Societies provides business financing through crowdfunding from individuals like you and me. Funding Societies is excited to announce that Dr. Muhamad Chatib Basri, a highly regarded economist and member of the World Bank Advisory Council on Gender and Development as company advisor. This project is a redesign idea pitch for Funding Societies, Southeast Asia’s largest peer-to-peer lending platform. Overview. [6] The company claims that SGD$7.8 million in loans had been originated through its Singapore platform up to 30 June 2016.[7]. The loans are unsecured and backed by personal guarantee of the owners of the business. The current design has a lot of information and analytics that can be confusing to … 201505169M. Get an opportunity to invest in creditworthy local SMEs as a means to diversify your investment portfolio. In the same period, its investor base has also increased from about 40,000 to … It is also one of the nation’s leading P2P Investment platforms, where anyone can invest in up and coming Malaysian … FinTech Certified. Funding Societies makes money by charging borrowers an origination fee and investors a service fee. Your ultimate trading resource – learn, discover, participate. Approved applications will be assigned a credit score based on their scoring model, which will determine the payable interest rate. We are Southeast Asia's best crowdfunding platform for SME financing. Kelvin Teo and Reynold Wijaya founded Funding Societies in 2015 while studying for their Master of Business Administration (MBA) at Harvard Business School. Funding Societies is the leading peer-to-peer lending platform in Southeast Asia. [2] Funding Societies operates an online platform that enables Small and Medium Business to seek funding for their growth from a pool of investors, through crowdfunding. The platform crossed S$ 1Bn in loans given out in 2019 making it the largest such platform in the region. [5], In January 2016, Funding Societies launched Modalku, which means "My Capital" in Bahasa Indonesia to reach out to SMEs in the Indonesian Market. Malaysia, Indonesia. investment amount. [13] They were conferred amongst the Top 100 Fintech companies globally by KMPG and also the Brands for Good award in 2019. Funding Societies will finance up to 80% of the motor vehicle’s value, which is crowdfunded from our investors. Funding Societies, Singapur. As SMEs are the backbone of our economies, we are committed to solving the SME financing gap in the region, while providing a convenient and short-term fixed-income investment option to individuals and institutions. Funding Societies Response September 8, 2020 – Talent Acquisition Specialist Dear former team member, While we maintain the integrity of our performance reviews, it was never our intention to misguide or dismiss you and we apologise for your negative experience at Funding Societies. Funding Societies has since maintained an average default rate of around 3% via its multi-pronged risk assessment approach, including continuously monitoring and … With that said, past performance does not guarantee future results and investors must conduct their own research and due diligence on individual investments. It was the first such platform in Singapore to engage an escrow agency to independently and safely manage investors’ funds. G . Samsung Venture is an investment arm of the South Korean conglomerate, Samsung Group, investing in companies focused on IT, semiconductors, software, internet services, biotechnology, and more. The majority of these SME is engaged in eCommerce, agriculture & allied activities and wholesale trade. Their existing investors Sequoia India, Alpha JWC Ventures (Indonesia) and Golden Gate Ventures together with new Venture Capitalists Qualgro and LINE Ventures also participated in this round. Other Locations. By using our services, you agree to our use of cookies, By purchasing this item, you are transacting with Google Payments and agreeing to the Google Payments, Play simulated trading games with friends. Funding Societies is an online platform that connects investors with small businesses that need funds, solving the financial inclusion issue by making credit-worthy SMEs bankable. To SMEs and earn returns in the form of interests the widest range of … 30 were here in. 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