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.
PRODUCTS & SERVICES:
Crowdlending platform for local SME's.
The platform uses the reverse auction method to provide the lower lending rates to the borrowers.
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Some of the clients Olive Green, Elite Stones, Seoul Yummy, etc.
Partnerd with DBS bank - to offer loans to small scale firms.
Partnered with business management firms Consulus, Ascio Partners.