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Peer to peer lending allows investors to lend money directly to other individuals via a P2P platform. It works differently from bank loans as it removes the hefty middleman. For P2P, Investors have the choice of selecting which type of loans they prefer to fund.
At Funding Societies, the loans can be crowdfunded from various investors. Which is why it is possible for the minimum investment rate to start from as low as $20.
To assure credibility, thorough checks are made on the enterprises that request for financing before they are eligible for any business loans.
Default by the issuer is the primary risk that investors get exposed to with this type of investment. Funding Societies conducts a detailed assessment on the SMEs based on a framework which combines a mixture of hard and soft data including but not limited to credit bureau ratings, bank & financial statements, cash flow projections, site visits, strength of guarantors, marketability of collaterals and business's capacity to repay the facility.
Specifically for Property-backed collaterals such as residential or commercial properties owned by the issuers or guarantors are held to mitigate credit risk exposures.
Type of p2p Investment
Guaranteed Property-backed Investment
Investment into a property-backed financing with repayments effectively guaranteed
3% - 8% p.a.
Guaranteed Returns Investment
Investment into a micro financing with repayments effectively guaranteed
2% - 8% p.a.
Property-backed Secured Investment
Investment into a property-backed financing
4% - 8% p.a.
Invoice Financing Investment
Investment into a invoice backed financing
8% - 18% p.a
Revolving Credit Investment
Investment into a revolving credit line granted to SMEs
8% - 18% p.a
Business Term Investment
Investment into a business term financing
8% - 18% p.a
Type of P2P Investments at FS and Interest rates
Funding Societies provides investment opportunities into notes issued by SMEs for financing facilities such as Property-backed Secured Financing, Business Term Financing and Invoice Financing.
The interest charged to the SMEs is the return on investment for the investors who co-invest into the notes through the crowdfunding platform.
For certain investments such as the Property-backed one, SMEs need to provide a residential or commercial property, usually with a first charge.
Also, certain investments have guaranteed repayments for both the principal and interests.
Here are some crowdfunded business loans available for SME in Singapore:
Fast loans with approval within 24 hours¹. Suitable for small businesses that need urgent financing.
Funds tailored for working capital, business expansion, and more. Larger financing amounts available.
Convert your invoices into cash immediately.
The minimum investment for Funding Societies is S$20.
Funding Societies | Modalku is the largest debt crowdfunding platform in Southeast Asia. It is licensed in Singapore, Indonesia, and Malaysia, and backed by Sequoia India and Softbank Ventures Asia Corp amongst many others.
It provides business financing to small and medium-sized enterprises (SMEs), which is crowdfunded by individual and institutional investors.
In 5 years, it has helped finance over 2.7 million business loans with over S$1.6 billion in funding. It was given the MAS FinTech Award in 2016, the Global SME Excellence Award at the United Nations’ ITU Telecom World in 2017, Brands for Good in 2019, recognised by IDC as amongst the 5 fastest growing FinTechs in Singapore, and the Stevie® Award in 2020.