Indonesia HealthTech startup Alodokter secures fresh capital from MDI Ventures and Samsung Ventures

Alodokter, a Jakarta-based digital health platform that provides end-to-end digital solutions for patients and doctors, has announced that it has secured an undisclosed amount of funding from MDI Ventures and Samsung Ventures Investment Corporation. The company plans to use the investment to work on new products for its platform and to continue expanding the digital healthcare system. "The…

AddVentures appoints Prakit Worawattananon as Managing Director to leverage SCG resources and start expansion

AddVentures, a Bangkok-based venture capital firm, has announced that it has appointed Prakit Worawattananon as its new Managing Director as the firm moves towards growing its investments and scaling synergies. Prakit Worawattananon, Managing Director, AddVentures Launched in 2017, AddVentures, the SCG's corporate venture capital arm, concentrates on investing in industrial, B2B, and…

NEA leads $70M Series C round in Indonesian social commerce platform Super

Super, an Indonesia-based social commerce platform serving tier-2 and tier-3 cities and Indonesian rural areas, announced Thursday that it has completed a $70 million oversubscribed Series C round led by NEA. The round also saw additional investment from Insignia Ventures Partners, SoftBank Ventures Asia, DST Global Partners, Amasia, B Capital, TNB Aura, the Chairman of Bain Capital Stephen…

Khazanah Nasional Berhad and CGC Digital announce strategic investment in Funding Societies to broaden financing access to MSMEs

SINGAPORE, Jan. 3, 2024 /PRNewswire/ -- Khazanah Nasional Berhad ("Khazanah") and CGC Digital Sdn Bhd ("CGC Digital") announced an investment into the largest unified small and medium enterprise digital finance platform in Southeast Asia, Funding Societies | Modalku ("Funding Societies"), to broaden financing access to unserved and underserved businesses. (L-R: Funding Societies Group CEO Kelvin…

Funding Societies partners Halal Development Corporation to enhance financing access to halal SMEs

Singapore-based digital finance platform Funding Societies has partnered with Halal Development Corporation Berhad (HDC), a Malaysian federal government agency under the Ministry of International Trade and Industry (MITI), to enhance financing access to halal small and medium-sized enterprise (SMEs). Funding Societies said in a statement on Wednesday that the collaboration aims to offer halal…

Malaysia’s SME Corp allocates $1.27M to Bumiputera youth entrepreneurs

SME Corporation Malaysia (SME Corp. Malaysia), an agency under the Ministry of Entrepreneur and Cooperatives Development (MECD) and Funding Societies, a unified SME digital finance platform in Malaysia and Southeast Asia, have allocated an initial fund of MYR 6 million ($1.27 milion) for Bumiputera youth entrepreneurs. Funding Societies said in a statement on Tuesday that the funding which is…

Funding Societies raises $7.5M in debt from Norfund

Funding Societies | Modalku, the largest unified small and medium enterprises (SME) digital finance platform in Southeast Asia, has on Thursday announced that it has raised $7.5 million in debt from Norfund, a Development Financial Institution (DFI) which operates an investment fund owned by the Norwegian government for developing countries. Funding Societies said in a statement that this is…

Funding Societies raises US$7.5 million from Norfund, bringing financial inclusion for SMEs in Southeast Asia

SINGAPORE, Nov. 2, 2023 /PRNewswire/ -- Funding Societies | Modalku, the largest unified SME (small and medium enterprises) digital finance platform in Southeast Asia, today announced that it has raised US$7.5 million in debt from Norfund, a Development Financial Institution (DFI), which operates an investment fund owned by the Norwegian government for developing countries. This is the first debt…

Funding Societies raises US$27 million in debt funding from institutional investors to bridge credit gap for SMEs in Southeast Asia

First such debt transaction from all institutional investors with a SME FinTech lender in SEA SINGAPORE, Sept. 26, 2023 /PRNewswire/ -- Funding Societies | Modalku, the largest unified SME (small and medium enterprises) digital finance platform in Southeast Asia, announced it has successfully raised debt of US$27 million led by Asia-focused private credit financier AlteriQ Global, with…

Google-backed Edtech Company Mathpresso Secures Strategic Investment from Telecom Giant KT

SEOUL, South Korea, Sept. 11, 2023 /PRNewswire/ -- Google-backed edtech company Mathpresso has raised $8 million (10 billion KRW) from Korea's telecom giant, KT. This brings the total funding to about $130 million. Previous backers include Google, GGV Capital, Goodwater Capital, and SoftBank Ventures Asia. The partnership aims to accelerate the development of an education-specific Large Language…