“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.”

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Media Contact

Joachim Leong
Regional Public Relations, Assistant Manager
joachim.leong@fundingsocieties.com