Funding Societies
source

Funding Societies

(934)
Price
Free
Category
Finance
Last update
May 02, 2021
Publisher
Funding Asia Group Contact publisher
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Ratings & Reviews performance

Ratings & Reviews performance provides an overview of what users think of your app. Here are the key metrics to help you identify how your app is rated by users and how successful is your review management strategy.

Number of reviews,
total
934
Avg rating,
total
⭐3.6
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Description

3994 chars

Funding Societies | Modalku is the largest P2P Lending platform in Southeast Asia. Investors including individuals and institutions jointly invest in financing to SMEs and earn returns in the form of interests. Get an opportunity to invest in creditworthy local SMEs as a means to diversify your investment portfolio. No min. balance. Low min. investment amount. Short term & periodic repayments. Backed by SGInnovate, Sequoia India, Softbank Ventures Asia Corp and many others, Funding Societies has facilitated over S$1.83B worth of business loans crowdfunded. Since launching in 2015, we have received multiple awards such as 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. Types of P2P Investment Products (Might vary by countries) Guaranteed Returns: Guaranteed Property-backed Guaranteed Returns Asset-backed: Property-backed Dealer Financing Others: Invoice Financing / Accounts Payable Financing / Accounts Receivable Financing Revolving Credit Business Term Key Features Investment starts from S$20 in Singapore, RM100 in Malaysia, Rp100,000.00 in Indonesia Ability to re-invest quickly with regular repayment for most products Investment tenor up to 12 months in Singapore and 24 months in Malaysia & Indonesia Investors’ funds are kept in a 3rd party escrow account We advocate ‘Skin in The Game’ philosophy by investing into the notes put up on our platform alongside our investors Set up Auto Invest / Planned Funding and let the system automatically deploy funds for you based on your investment preferences Individual Singaporean investors in Singapore can enjoy tax exemption on the interest returns from year 2020 onward Pricing aligned with investors’ interests We charge one simple and all inclusive fee from the total interest earned. Investors only pay the service fee when they receive their repayments from the SMEs. Singapore: 18% of Interests Malaysia: Varies across products (Business Term - 2% p.a. of Principal and Interests; Others - 15%-30% of Interests) Indonesia: 3% p.a. of Principal and Interests Sign Up in 4 Steps Step 1: Register for an account Step 2: Fill in the required information (Usage of MyInfo is available in Singapore) Step 3: Make an initial deposit to activate your account (S$100 in Singapore, RM100 in Malaysia, Rp100,000.00 in Indonesia) Step 4: Start investing Disclaimer: All investments carry risks. Please ensure that you fully understand the risks involved by reading the Risk Disclosure Statement. The provided images are for display purposes only and are not representative of actual results. # Funding Societies Singapore # Funding Societies Singapore is part of Funding Societies Pte. Ltd. Licensed by the Monetary Authority of Singapore (MAS) - CMS100572 Please contact info@fundingsocieties.com or call us at +65 6221 0958 from Mondays to Fridays 9:00 AM to 6:00 PM SGT (excluding public holidays) Our Singapore office is located at 112 Robinson Rd, #08-00, Singapore 068902 # Funding Societies Malaysia # Funding Societies Malaysia is part of Modalku Ventures Sdn Bhd Licensed by the Securities Commission Malaysia (SC) - 1190266X Please contact info@fundingsocieties.com.my or call us at +603 2202 1013 from Mondays to Fridays 9:00 AM to 6:00 PM MYT (excluding public holidays) Our Malaysia office is located at Unit 15.01 & Unit 15.02, Level 15, Mercu 3, KL Eco City, Jalan Bangsar, 59200 Kuala Lumpur # Modalku # Modalku is part of PT Mitrausaha Indonesia Grup Licensed by the Indonesia Financial Services Authority (OJK) - 77/POJK.01/2016 Please contact info@modalku.co.id or call us at +62 878 6500 8311 from Mondays to Fridays 9:00 AM to 6:00 PM JKT (excluding public holidays) Our Indonesia office is located at Unifam Tower, Jl. Panjang Blok X No.1, Kedoya Utara, Kebon Jeruk, Jakarta Barat 11520, Indonesia

Screenshots

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