Funding Societies is first crowdfunder to partner with trustee, SME

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Funding Societies is first crowdfunder to partner with trustee

Tue, Aug 18, 2015 - 5:50 AM

BT_20150818_ACFUNDING18_1829182.jpg, by opub@dd

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...