Tagged: kelvin teo

November 7, 2016 @ 7:53 am By JD Alois  |  

First P2B Online Lending Platform Approved by Regulators in Singapore & Malaysia Funding Societies, a peer-to-business online lender, has received an “in-principle approval” of a Capital Markets Services (CMS) license in Singapore, and has been selected as one of the six registered operators in Malaysia… Read More

August 4, 2016 @ 12:28 am By JD Alois  |  

Funding Societies, a Singapore-based “peer to business” lending marketplace, has raised a respectable S$ 10 million in a Series A funding round.  The investment was led by Sequoia India, part of the legendary Sequoia VC group. Funding Societies believes this is the largest investment in… Read More

April 19, 2016 @ 11:56 pm By JD Alois  |  

The largest bank in South East Asia, DBS, has signed an agreement with two peer to peer lending platforms to refer small business loans the bank turns away.  MoolahSense and Funding Societies will now become a service provider for the far larger bank. Simultaneously, both… Read More

November 17, 2015 @ 10:32 am By Midori Yoshimura  |  

  A co-founder of Funding Societies in his 20s, Reynold Wijaya is now the peer-to-peer lending company’s chief operations (Singapore) leader, and has helped bring the company’s funding to near $1.25 million. Funding Societies was among the first homegrown P2P lending companies to bring in a trustee registered with the… Read More

July 24, 2015 @ 2:23 pm By JD Alois  |  

New peer to peer lending platform Funding Societies has inked a partnership with Orangefield Trust to hold funds from lenders.  The collaboration is said to “provide lenders with greater confidence in engaging P2P lending platforms”. “We have taken steps to ensure there is no mishandling of… Read More