How long it took this SME to raise S$150,000? 45 mins
MoolahSense has been featured on TheStraitsTimes.com, 3 March 2016 (Thursday), after the record-breaking fund raise succeeded within 45 minutes on Tuesday, 1st March, benefiting another local SME.
Here’s an excerpt of the news article:
SINGAPORE – A small and medium sized enterprise (SME) in Singapore raised S$150,000 in 45 minutes on Tuesday (March 1) – a new record for crowdfinancing platform MoolahSense .
The company, which does machining and metal fabrication, needed the loan to buy raw materials for inventory, MoolahSense said in a press release on Thursday (March 3).
The investors will get a yield of 18 per cent nominal interest rate per annum and are to be repaid the principal amount of their loans in 12-month installments.
To read the full article, click HERE.