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Why FinTech is Rapidly Growing in Southeast Asia

Why FinTech is Rapidly Growing in Southeast Asia

After the financial technology (FinTech) industry’s start in the West, notably in Europe and in the USA, its innovations have established themselves across various markets. FinTech has also experienced adoption and high growth in China. But if we are searching for financial technology’s next hot region, it would be Southeast …

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Funding Societies Emerges as Market Leader of P2P Financing Industry in Malaysia

Funding Societies Emerges as Market Leader of P2P Financing Industry in Malaysia

Funding Societies ends 2017 as domestic market leader of Malaysia’s rapidly growing peer-to-peer (P2P) financing sector. Data compiled by all P2P financing operators in Malaysia from February 2017 to November 2017 shows that P2P platforms have raised a total of RM17 million for local SMEs. Of the RM 17 million, …

Choosing the Right Business Financing for Your SME

Choosing the Right Business Financing for Your SME

If you are thinking of and making strategies to develop your business to the next level, you may have already thought about business financing. There are quite a few choices for small business and SME financing, but not all of them are right for your particular business. In fact, if …

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4 Steps to Optimize Your Chance for SME Financing Approval

4 Steps to Optimize Your Chance for SME Financing Approval

No matter the economic climate, whether bright or gloomy, SME owners should always manage their working capital well; sufficient working capital is the key to business development. But gaining more working capital is not easy, especially if you were thinking of applying for SME financing. Rejections may be a reality …

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The 5 Best Funding Options for SMEs

5 funding options useful for SMEs

55% of Malaysian SMEs require more funds to operate their businesses. While bank financing can be a good option for SMEs to gain more working capital, there are now alternative funding options. Such alternatives are helpful for small businesses; if they are rejected by one investor, they can try another …

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A Short Guide to FinTech in Malaysia

A Short Guide to FinTech in Malaysia

Prior to mid-2015, FinTech was hardly talked about in Malaysia. Sure, a select few discussed the subject, but there was little interest in financial technology. That is changing; FinTech has become the hot topic among Malaysian businessmen, especially as the sector paves the way forward for innovations in financial services. …

Funding Societies Malaysia Celebrates Official Launch of Its P2P Financing Platform

Funding Societies Logo

Kuala Lumpur, February 22, 2017 – We are happy to have finally launched! Funding Societies is the first P2P financing platform to launch in Malaysia. We provide alternative SME financing and investment opportunities. Globally, peer-to-peer financing is a proven concept. The crowdfunding model has paved the way for SMEs to …

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How P2P Financing Can Support Malaysian SMEs

Malaysian SMEs contribute to 33% of the country’s gross domestic product (GDP) and 58% of the national workforce. By 2020, Malaysia also aims to push SME contribution to GDP to 41% and SME contribution to national exports at 23%. Despite being the backbone of the economy and government ambitions to …

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Crowdfunding vs. P2P Financing

Crowdfunding vs. P2P Financing

If you are looking to raise financing for your small business or startup, there are a lot of routes you can explore. Two of them include crowdfunding and peer-to-peer financing. Generally, both financing models are well-suited to grow and develop SMEs. Where people make the mistake, however, is in believing …