Business
Strengthening SMEs & Singapore: SME Interview Series with Funding Societies
By ValueChampion  •  October 2, 2018
Funding Societies is a remarkable, Singapore-based startup that uses its crowdfunding platform to raise loans for small businesses. So far, the company has generated over 12,000 loans amounting to more than S$243 million for SMEs in Singapore. This platform has been very successful in generating contributions from individual investors, which is due in part to its extremely low default rate of about 1%. We reached out to Funding Societies to learn more about their journey from the inception of their idea at Harvard Business School to becoming one of the largest crowdfunding platforms in Singapore. Additionally, we think that their experiences would be useful to any of our readers from casual tech enthusiasts to aspiring entrepreneurs. When did Funding Societies begin its operations? The platform was launched in June 2015 and the first deal that month was S$100K to an engineering company. This was one of the fastest having ......
Read the full article
By ValueChampion
We distill sprawling marketplaces—for insurance, credit cards, bank accounts, and more—down to choices that represent a sweet spot for value—as in offering the features, returns, or experience we think you need for the smallest outlay. We ask: Is the return on a particular purchase or decision worth the cost or risk of that option, and how does the choice stack up against other options?
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance