Lending

Will This Partnership Drive Malaysian SMEs’ Adoption of P2P Loans?

Funding Societies and Cheng & Co have engaged in a strategic partnership to broaden and simplify access to business financing for creditworthy Malaysian small and medium-sized enterprises (SMEs). Cheng & Co, a  established home-grown accounting firm, will refer promising SMEs

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Asiakredit Takes Consumer Lending Fully Digital In The Philippines

AsiaKredit, a digital consumer lender focused on Southeast Asia, today announced the launch of pera247 in the Philippines, an innovative, data-driven consumer lending platform delivered through a mobile application. pera247 is a digital lending solution that aims to provide unsecured small-ticket, short-term consumer loans

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Credit Management Services Asiacollect Raises $1 Mln From Dymon Asia Ventures

AsiaCollect, a South East Asia professional Credit Management Services closed a Pre-Series A equity funding round. The round was underwritten by Dymon Asia Ventures, the venture capital arm of Dymon Asia Capital, a Singapore-based alternative investment management firm with c. $5.2 billion of

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Fundaztic to fill the RM80 Billion Funding Gap to SMEs: Malaysian P2P Lending Platform

Fundaztic.com made its debut on the peer-to-peer (P2P) financing platform  with a low entry barrier investment of RM50 (12USD), and is now expecting to draw investors to fund more than 500 micro and small and medium-sized enterprises (SMEs), and startups within

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Top 3 Challenges of P2P Funding Platforms in Singapore

Dealflow, scalability, and trust – a P2P crowdfunding startup is a 3 legged stool, without one of these, it risks a collapse. P2P crowdfunding has been a relatively recent phenomenon in Singapore, with the first platforms that are still operational

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How Fintech Companies Can Help Indonesian Banks

With a population of over 250 million, consistent economic growth and high mobile phone penetration, Indonesia has emerged as one of Southeast Asia’s most promising markets for fintech disruption. The World Economic Forum predicts that by 2020, Indonesia will become

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Singaporean Fintech Startup in Fintech Global 250 List

CB Insights named Funding Societies to the prestigious Fintech 250, a select group of emerging private companies working on groundbreaking financial technology. CB Insights CEO and co-founder, Anand Sanwal, revealed the Fintech 250 companies during The Future of Fintech, a

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Why Asia Needs Alternative Credit Scoring

While progress has been made in expanding financial inclusion, there are still billions of people in the world who do not have access to basic banking services, including access to credit. Between 2011 and 2014, the number of people worldwide

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Chinese POS Lending Startup Plans Fintech IPO

Fenqile is planning a U.S. initial public offering that could raise about $600 million. The Shenzhen-based startup, founded by former Tencent executive Xiao Wenjie, could list as soon as this year. Fenqile, which means “Happy Installment Payments” in Chinese, targets

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Funding Societies Launches​ F​S Bolt – Claims to Be Fastest Working Capital Loan Provider in Singapore

Funding Societies, Singapore’s digital lending startup, has announced the launch of FS Bolt – a mobile application to provide flexible working capital loans for local SMEs. With minimal document submission and an application process that takes merely two minutes to

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