SINGAPORE (July 8): Kelvin Teo, co-founder of peer-to-peer (P2P) lending platform Funding Societies, remembers vividly the moment the owner of a medium-sized real estate management company thanked him for approving a much-needed loan. The owner had needed only a small, short-term loan that would allow him to hire more staff, as he had just secured a contract to manage a brand-new property — a big achievement for the company. He was so thrilled, he agreed to be featured in a video testimonial for Funding Societies. Teo was proud and felt that he was making an impact.

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