Funding Societies’ Reaction to the Singapore Budget 2023

“In our continuous support in serving creditworthy yet underserved SMEs in Singapore, we are seeing SMEs facing challenging times in getting the financing they need from financial institutions across the board this year. Since 2015, Funding Societies has been serving our SMEs in Singapore and to date, we’ve disbursed close to S$4 billion across over 5.1 million loan transactions across our five markets, including Singapore, Indonesia, Malaysia, Thailand and Vietnam.

As a participating financial institution of the Enterprise Financing Scheme (via our entity FS Capital), it is reassuring to continue to get the government’s support where we work earnestly to complement traditional financial institutions (FIs) like banks in meeting the working capital and trade financing needs of Singapore SMEs. Our vision is to empower SMEs and we continue to broaden our product scope for SMEs and increase engagement with these businesses by serving more to their financial needs.

As DPM Mr Lawrence Wong highlights, whilst the future of the global economy is still uncertain, we are of the view that this year will also present tremendous growth opportunities for niche fintech companies like Funding Societies, especially so in Southeast Asia, to collaborate and complement FIs in 2023.”


Media Contact

Joachim Leong
Regional Public Relations, Assistant Manager 


Pemberi Dana
+62 877 7126 5290

Penerima Dana
+62 877 7873 6144

Unifam Tower, Jl. Panjang Raya
Blok A3 No.1, Kedoya Utara,
Kebon Jeruk, Jakarta Barat,
DKI Jakarta, 11520, Indonesia

General Enquiries:
+65 6221 0958

Sales Enquiries:
+65 6011 7534

112 Robinson Road
Level 8
Singapore 068902

Primary contact
+603 9212 0208

Secondary contact
+603 2202 1013

Unit 15.01 & Unit 15.02,
Level 15, Mercu 3,
KL Eco City, Jalan Bangsar,
59200 Kuala Lumpur


SME Loan
+66 93 139 9721

+66 62 197 8661

No. 188, Spring Tower,
10th Floor, Phayathai Road,
Thung Phaya Thai Sub-district,
Ratchathewi District,
Bangkok, 10400

(+84) 28 7109 7896

The Sentry P
16 Nguyen Dang Giai Street,
Thao Dien Ward, Thu Duc City,
Ho Chi Minh City, Vietnam

174 Thai Ha Street,
Trung Liet Ward, Dong Da District,
Hanoi, Vietnam

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Funding Societies is Southeast Asia's leading SME digital financing platform. We specialise in all forms of short-term financing for SMEs, funded by individual and institutional investors. We pride ourselves in speed and flexibility, offering the widest range of term loan, trade finance and micro loan products. Backed by SoftBank Ventures Asia Corp and Sequoia India, amongst many others, Funding Societies has helped to finance over S$2 billion in business loans regionally. We are dedicated to the vision of enabling SMEs through equitable financial access, ultimately making a positive impact for our societies in Southeast Asia.

Funding Societies Pte. Ltd. and FS Capital Pte. Ltd. are part of the Funding Societies Brand.

Funding Societies Pte. Ltd.
Business Registration No.: 201505169M | CMS License No.: CMS100572

FS Capital Pte. Ltd.
Business Registration No.: 201631787R

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