New Union successfully crowdfunded Song Fa Bak Kut Teh with S$500,000 through our platform. We are pleased to be able to support our homegrown brand, Song Fa’s aspiration, helping them take their business further. Song Fa now has 8 outlets in Singapore and 4 outlets in Indonesia. In 2017, Song Fa and BreadTalk entered a joint venture agreement to develop and operate the highly popular bak kut teh brand in Thailand, as well as four major cities in China, comprising Beijing, Shanghai, Shenzhen and Guangzhou.
Local homegrown interior design SME, Mezzo Interiors Pte Ltd (Mezzo), is one of many beneficiaries from New Union crowdfunding platform. In June 2015, Mezzo was reported to have obtained a crowdfunding loan from New Union in a sum of S$660,000 to support their growing efforts. Today, Mezzo has successfully arranged an over S$2 million banking facility with a competitive single digit interest rate that allows them to grow the business to greater heights.
Entrepreneurship is not all the glitz and glam people make it out to be. Coming with it, a whole lot of dedication, decisions and difficulties. Watch Ben Yeo's bittersweet entrepreneur journey.
Mr Jit Puru
Motivational Speaker & Author
Ms Du Meiting
Director, Wordwise Language Consultancy
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