Peer-to-peer (P2P) financing platform Funding Societies has launched the FS Bolt app

Funding Societies is offering fast and collateral-free working capital financing for SMEs through the new mobile app. And, the financing amount for an application goes up to RM50,000 for companies incorporated in Malaysia.

FS Bolt is designed to have a fast application process: just two minutes, to cater to the business needs in today’s fast-paced digital age. What makes the app more impressive is its automated credit assessment, which enables decision time in 24 hours.

Financing in 24 hours

The process from approval to disbursement similarly only takes 24 hours. Hence, making FS Bolt the fastest source of working capital financing in Malaysia.

Besides an emphasis on speed, FS Bolt also focuses on flexibility for its users, whereby SMEs would not be charged interest on early repayments and hence lowering their interest cost.

The app is available on both iOS and Android devices.