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Funding Societies is first crowdfunder to partner with trustee
This is aimed at building trust between borrowers and their investors, it says
Mr Kelvin Teo, co-founder of Funding Societies and Professor Julian Wright, head of the Department for Economics at National University Singapore (NUS), who is also a mentor to Funding Societies.
PHOTO: SHAWN TEO
FUNDING Societies has become the first and only homegrown peer-to-peer lending company to incorporate a trustee registered with the Monetary Authority of Singapore (MAS), which makes for a safer way of undertaking crowdfunding than other similar platforms.
This arrangement pioneered by...
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