|Operations||Funds handled by escrow agency, Vistra|
|Methodology||Business term loan and Invoice financing|
|Fees||18% on interest earned|
|Minimum||$50 per campaign (initial deposit $1,000)|
Funding Societies is started in year 2017 by ex management consultant Kelvin Teo and ex leading executive, Reynold Wijaya.
Funding Societies gives out loans in form of Business Term Loans and Invoice Financing.
Funding Societies access lenders based on an FS Scoring Grade which is a rating of opinion on both the business' and their owners' capacity and willingness to repay loan.
Funds for Funding Societies are handled by escrow agency, Vistra.
The minimum investment for Funding Societies is at S$1,000. The minimum investment for each campaign is S$50.