MoolahSense
The first P2P lending platform in Singapore for businesses.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor | €0.0 | round | |
N/A | Early VC | ||
| Total Funding | 000k | ||
| USD | 2019 | 2021 | 2022 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | - | 84 % |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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MoolahSense operates as a Singapore-based marketplace lending platform, connecting small and medium-sized enterprises (SMEs) with a community of investors. Founded in 2013 by Lawrence Yong and Chung Wei Tuck, both of whom have extensive backgrounds in banking, the company was established to address the financing gap for SMEs that find traditional bank loans too slow or rigid. Yong's experience in the financial sector revealed this funding challenge, inspiring a business model focused on supporting small business growth as a driver for economic development.
The firm's core business revolves around a peer-to-peer (P2P) lending model where businesses can apply for short-term loans for needs like working capital or equipment purchases. MoolahSense earns revenue by taking a percentage from the borrowers on funded loans. The platform facilitates debt-based financing, allowing businesses to secure funding directly from a 'crowd' of individual and institutional investors. These investors, in turn, can access an alternative asset class offering fixed-income returns, with investment tranches starting from as low as S$1,000.
A significant milestone for MoolahSense was becoming the first P2P lender in Singapore to receive a full Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS) in November 2016. This license permitted the platform to open up SME loan investments to retail investors, expanding its investor base significantly. In 2020, MatchMove, a 'Bank-As-A-Service' platform, acquired a strategic stake in MoolahSense to integrate SME lending into its own financial ecosystem. This partnership aimed to enhance MoolahSense's reach across Asia by leveraging MatchMove's network. The company has also launched initiatives like GreenMoolah to promote sustainable financing for SMEs, utilizing a digital framework for verification and processing.
Keywords: marketplace lending, peer-to-peer lending, P2P lending, SME financing, debt financing, crowdfunding, Singapore, Lawrence Yong, Capital Markets Services license, business loans, alternative investment, short-term loans, working capital, INFund, MatchMove, GreenMoolah, sustainable financing, fintech, crowd-investing, digital lending