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P2P lending platform Funding Societies hits $100 mil in crowdfunded loans

Fintech

P2P lending platform Funding Societies hits $100 mil in crowdfunded loans

Stanislaus Jude Chan Published on Tue, Jan 23, 2018 / 4:30 PM GMT+8

Funding Societies co-founders Reynold Wijaya (left) and Kelvin Teo

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SINGAPORE (Jan 23): Peer-to-peer lending platform Funding Societies announced Tuesday that it has surpassed $100 million in total crowdfunded loans for small and medium enterprises (SMEs) across Singapore, Indonesia and Malaysia.

This is the highest total crowdfunded amount achieved by a peer-to-peer lending platform in Southeast Asia, according to the company.

Photo: Funding Societies co-founders Reynold Wijaya (left) and Kelvin Teo