About four months after Funding Societies temporarily halted its crowdfunding loan terms in order to ensure it met regulations set by the Monetary Authority of Singapore (MAS), the Singaporean startup announced today it has received a provisional Capital Markets Services (CMS) license from the nation’s central bank. The license will allow Funding Societies to deal in securities for lending-based crowdfunding for all classes of investors in Singapore. The company said it will commence crowdfunding for both accredited and non-accredited investors once it clears some requirements set by MAS. read more: fintechranking.com
