Ever heard of Tinder, Coffee Meets Bagel, OK Cupid or Paktor?
Admit it, everyone is looking for their other half.
SBL Singapore has spent over a decade researching the marketing and the ascending industries. The ascent of online dating has intrigued us during the last few years because it is the perfect reflection on how social media and the internet have changed our world.
Teenagers and adults today can look for potential partners through the platform by listing their interests, skills, credentials and expectations.
In our thorough research of internet dating, we have found that 43% of millennials in this country have used online dating, but online 16% of those people would like to meet their future partners online. The statistics show people’s distrust with online dating though the industry is on the rise and there are successful couples who got married.
One year ago Mrs Wendy Seah asked our help at SBL Singapore. She had started an online dating app a few years ago, but she couldn’t compete with the other companies who already had a good reputation and faster platforms.
Mrs Seah used the money she got from our loan to build her unique selling proposition. She invested in artificial intelligence and enabled reliable filters against scammers and married people. The software she bought allows her to run everyone through the Registry of Marriages, plus the AI looks for dangers signs against bots with fake profiles.
Mrs Seah also employed a good marketing team to convey these key messages of security to her desired audience.
However, building an online dating app or website is expensive. You need at least $20,000 to start with, but you can easily need up to double that amount if you’re interested in a premium cross-platform app.
SBL Singapore can help you with our personalized and affordable Online Dating App/ Site Business Loans. These loans can help you cover expenses such as:
- Application development
- Backend development
- UI/UX Design
- QA engineering
- Designing of images and posters
- Content marketing
- Market research
- Social media marketing (Facebook, Instagram, Pinterest etc.)
- Website development and management
- Staff management
- Business expansion
Launched in February 2018, SBL Singapore aims to provide financial assistance to all companies including those in the Online Dating App / Site Business industry. We also gather mentors in the hotel and tourism sector through our Coach-and-Go programme for our clients to attain more information and knowledge on business management. Our objective is to help local Singapore brands grow and enter the overseas market.
With a Online Dating App / Site Business Loans, you pay for an inexpensive and reasonable rate of interest on monthly repayments, ensuring that you have enough capital to remain competitive and grow your business. In addition to funding, you will also obtain the mentor-ship and operation assistance that you require.
- Max Loan Amount$1,000,000
- Min Years to Qualify0.5
- Min. Annual Turnover< $100,000