From P2P to neobank: Kelvin Teo, DigFinVOX Ep 13

Kelvin Teo is co-founder of Funding Societies, an SME-dedicated SaaS and platform lender based in Singapore, with operations in Singapore, Indonesia, Malaysia and Thailand.

He speaks with DigFin‘s Jame DiBiasio about plans to securitize loans, obtain a banking license, and issue credit cards – and a path to IPO.

• Timecodes:
• 0:00 – Kelvin Teo, Funding Societies
• 1:30 – P2P versus lending
• 3:55 – How it works in different markets
• 5:00 – Where do you get capital to lend?
• 5:55 – How much skin in the game do you take?
• 7:05 – Lessons from China on P2P and platform risks
• 8:40 – Plans to securitize loans, investor base, licensing
• 11:40 – What’s next after not winning a virtual-bank license in Singapore
• 12:55 – Benefits to a bank license or partnership
• 14:55 – Competing against banks, ride hailing apps, ecommerce
• 16:20 – Challenges to growth
• 17:10 – Payments and credit-card strategy
• 19:20 – Drivers of new market entry
• 20:20 – Can you scale in Southeast Asia?
• 21:36 – Becoming profitable and exit strategy