February 5th, 2018
Midday with Howie Lim
Interview with head of credit and co-founders of FundTier, Mr Jeffery Lim and Mr Max Ho.
5 February 2018, Monday – Find out how they’ll provide an alternative source of funding for SMEs.
In Mind Your Business, co-Founders of FundTier, Max Ho and Jeffrey Lim talk us through how they’re disrupting banks and providing alternative funding for SMEs as SMEs are usually left out of the formal lending system.
Here’s the podcast link for the live radio interview.
January 22nd, 2018
Newly licensed crowdfunding player kickstarts platform to serve SMEs and investors
Singapore, 22 January 2018 – Local start-up, FundTier, has launched its crowdfunding platform officially after obtaining the Capital Market Services (CMS) licence last December.
Founded by five former bankers, FundTier aims to connect local SMEs seeking alternative funding with investors who have an interest in funding SMEs.
“We wish to create a win-win situation for both parties whose needs have been largely underserved,” explained Mr Shaun Lee, Co-founder.
To protect the interests of its investors, FundTier will curate every funding request by assessing the requesting company’s financial position and its growth potential. All funding requests to FundTier will be listed only upon passing the assessment by FundTier’s team of highly experienced credit assessor.
Mr Lee added: “The stringent process of selection is necessary to instil confidence in our pool of investors as we aim to minimise investment risks for them.”
To register an account with FundTier, potential investors need to deposit an initial balance into an escrow account managed by Vistra Corp Trust, a trust company licensed by Monetary Authority of Singapore. By partnering with Vistra Corp Trust, FundTier is able to promise security and transparency in funds movement to all its investors. No funds will be disbursed without the authorisation of any investor. Investors can expect to earn an attractive return, depending on the risk and tenor of the funding request.
Interested potential investors and local SMEs seeking to list their funding request may visit www.fundtier.com for more information.
December 28th, 2017
Newly licensed player in crowdfunding to serve SMEs and investors. FundTier is the newest crowdfunding platform to receive licence from MAS.
Singapore, 28 December 2017 – A local start-up, FundTier, is the latest player in the crowdfunding industry to be licensed. Founded by five experienced ex bankers, the company has met the criteria set by Monetary Authority of Singapore and obtained a Capital Market Services (CMS) licence on 14 December 2017.
With the CMS licence, the company will be able to reach out to investors through its online platform. The company aims to provide an alternative funding avenue for the SMEs in Singapore which may experience difficulties at times in meeting the requirements by the banks for their financing needs.
“We are aware of the limitations SMEs may face when they try to get a bank loan. The purpose of FundTier is to address the funding gap for some of these underserved SMEs which have promising business growth plans but could not get the necessary funding from conventional financiers,” explained Mr Shaun Lee, Co-Founder of FundTier Pte Ltd.
“At the same time, we have an existing pool of investors who are looking for unconventional investment tools. Many of them are drawn to funding SMEs due to its fast turnaround and reasonable rate of returns.”
FundTier will be having its soft launch on 29 December 2017.
FundTier is a local start-up founded by five ex bankers which runs a secure online platform to facilitate a connection between local businesses looking for alternative funding and individuals looking for alternative investment options. The company aims to help local SMEs attain the financing they need to grow their businesses, while providing investors a trusted, viable platform to generate income from their investments.