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From P2P to neobank: Kelvin Teo, DigFinVOX Ep 13

Kelvin Teo says Funding Societies will become a primary bank and payments player to SMEs in Southeast Asia.

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Kelvin Teo, Funding Societies

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

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From P2P to neobank: Kelvin Teo, DigFinVOX Ep 13