MoolahSense

lendingp2p lendingsme financing

FOUNDING YEAR: 2013
LOCATION: Singapore
Last Update: 17/07/2020

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About

MoolahSense is an online P2P lending platform for business loans. It offers unsecured loans between S$100,000 and S$1M, for a tenure of 1 year, to small businesses for various purposes including capital expansion and equipment financing. It allows the loan issuer to withdraw funds as soon as at least 70% of the loan amount is committed. It requires the business to be in trading for at least 2 years, have a minimum annual turnover of S$100,000 and requires a personal guarantee from the directors or the owners of the business.

Focus

PRODUCTS & SERVICES

Crowdlending platform for local SME's. The platform uses the reverse auction method to provide the lower lending rates to the borrowers.

REVENUE MODEL

MoolahSense earns a flat 3% fee upon a successful fundraising.

MAIN CLIENTS

Some of the clients Olive Green

Elite Stones

Seoul Yummy

etc.

EXISTING PARTNERSHIPS

Partnerd with DBS bank - to offer loans to small scale firms. Partnered with business management firms Consulus

Ascio Partners.

People

FOUNDERS

Chung Wei Tuck

Lawrence Yong

NUMBER OF EMPLOYEES

11-50

INVESTORS:

East Ventures

Matchmove Pay

PIX VINE CAPITAL

Momentum

FUNDED

YES

DATE OF LAST FUNDING

Sep 2019

TOTAL FUNDING COMMENT

An undisclosed amount raised in seed round in 2015

SEED CLOSED ON

Mar 2015

LISTED

NO

BASICS

FOUNDING YEAR:

2013

LOCATION:

Singapore

Views:

140 VISITORS | 262 VIEWS
TOTAL EMPLOYEES
11-50

About

MoolahSense is an online P2P lending platform for business loans. It offers unsecured loans between S$100,000 and S$1M, for a tenure of 1 year, to small businesses for various purposes including capital expansion and equipment financing. It allows the loan issuer to withdraw funds as soon as at least 70% of the loan amount is committed. It requires the business to be in trading for at least 2 years, have a minimum annual turnover of S$100,000 and requires a personal guarantee from the directors or the owners of the business.

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