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Peer-to-peer lending platform lends a hand to SMEs

Pauline Wong
Pauline Wong • 2 min read
Peer-to-peer lending platform lends a hand to SMEs
SINGAPORE (5 July): SMEs make up 99% of all companies in Singapore, but are still considered the underdogs of the Singapore economy.
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SINGAPORE (5 July): SMEs make up 99% of all companies in Singapore, but are still considered the underdogs of the Singapore economy.

With less than $100 million in receipts and not more than 200 employees, SMEs find themselves facing financial gaps, and are often struggling with cash flow problems.

This is exactly what Teo and his co-founder Reynold Wijaya are trying to resolve with their brainchild - Funding Societies.

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