This startup operates a crowdfunding platform that connects small and medium-sized enterprises (SMEs) in Singapore with investors seeking alternative funding sources. By facilitating direct investment opportunities, the platform enables SMEs to access capital for expansion and wealth accumulation, addressing the challenge of limited funding options in the local market.
Funding
$700K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Small and medium-sized enterprises (SMEs) often face challenges in securing adequate funding through traditional channels due to stringent requirements and lengthy approval processes. Investors also seek alternative investment opportunities beyond conventional options to diversify their portfolios and potentially achieve higher returns.
Solution
FundTier operates a licensed crowdfunding platform that directly connects SMEs seeking financing with investors looking for alternative investment opportunities. The platform enables SMEs to access flexible funding options through crowdlending, while providing investors with access to a range of SMEs across various industries. FundTier facilitates all transactions and employs stringent credit underwriting processes to assess loan applications, aiming to minimize investment risks and ensure a secure environment for both borrowers and investors. By providing this direct connection, FundTier aims to bridge the funding gap for underserved SMEs and offer investors a viable platform to generate income from their investments.
Target Audience
FundTier serves Singapore-registered SMEs seeking alternative funding sources and individual or corporate investors looking for alternative investment opportunities with attractive returns.
Features
- Online platform connecting SMEs with investors for debt financing.
- MAS-licensed Capital Markets Services (CMS) to deal with securities.
- Stringent credit assessment of SMEs, including financial review and background checks.
- Escrow account managed by a MAS-licensed trust company (Vistra) for secure fund management.
- Flexible financing options for SMEs with customizable loan terms.
- Investors can diversify their portfolio by investing in multiple SMEs.
- Investors can earn annual returns of 12-24% with monthly repayments.
- Minimum investment amount of S$50,000 for investors.