Tagged: monetary authority of singapore

November 17, 2015 @ 10:32 am By Midori Yoshimura  |  

  A co-founder of Funding Societies in his 20s, Reynold Wijaya is now the peer-to-peer lending company’s chief operations (Singapore) leader, and has helped bring the company’s funding to near $1.25 million. Funding Societies was among the first homegrown P2P lending companies to bring in a trustee registered with the… Read More

July 28, 2015 @ 11:55 am By Erin Hobey  |  

The Monetary Authority of Singapore (MAS) has announced the formation of a new Fintech & Innovation Group (FTIG) to be headed up by former Citibank executive, Sopnendu Mohanty. Effective August 1, FTIG will be responsible for creating development strategies and regulatory policies around technology innovation… Read More

March 2, 2015 @ 11:48 pm By JD Alois  |  

Singapore’s first true equity crowdfunding platform, FundedHere, launched today its platform to facilitate equity-based funding and venture debt for start-ups in the region from as low as S$5,000 (US$3,700). The new investment platform is viewed as a “springboard to fund projects in the region”. FundedHere… Read More

February 16, 2015 @ 12:13 pm By JD Alois  |  

The Monetary Authority of Singapore (MAS) has released a document outlining the proposals to introduce investment crowdfunding in Singapore.  Comments are being accepted on the consultation paper until March 18th.  The widely expected publication is in recognition of the shift from traditional forms of finance… Read More