STRAITS TIMES: Crowdfunding platforms catches on
MoolahSense is once again mentioned this week on another local paper, The StraitsTimes, 4 February 2016.
Here’s an excerpt of the news article:
MoolahSense, the first peer-to- peer lending platform on the scene, has helped raise $5 million in loans for 22 SMEs since it was launched in late 2014.
Chief executive Lawrence Yong has seen a sharp rise in the number of enquiries Nexium from SMEs looking to raise funds on the platform, and hopes the firm can help raise $25 million in loans this year. By his estimate, there is $37 million worth of liquidity from the platform’s pool of investors waiting to be tapped.
To read the full article, click HERE.
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