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…
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…
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…
Funding Societies partners PEKEMA to bolster Malaysian automotive industry via digital financing
Funding Societies, the Singapore-based digital finance platform for small and medium enterprises (SMEs), and the Malay Vehicle Importers and Dealers Association of Malaysia (PEKEMA) and have entered into a collaborative effort to facilitate accessible financing through a digital financial platform.
The collaborative agreement, formalized through this partnership, is geared towards extending…
Funding Societies partners CGC Digital to support MSMEs via digital supply chain financing guarantee
Singapore-based digital financing platform Funding Societies has partnered with CGC Digital, the FinTech subsidiary of Credit Guarantee Corporation Malaysia Berhad (CGC), to support micro, small and medium Eenterprises (MSMEs) via digital supply chain financing guarantee.
The partnership aims to provide digital credit guarantee through a Shariah-compliant digital supply chain financing (DSCF)…
Singapore’s SUNRATE closes Series D-2 funding round led by Sequoia Capital Southeast Asia
SUNRATE, a Singapore-based intelligent global payment and treasury management platform, announced Thursday that it has raised an extended Series D (Series D-2) funding round from Sequoia Capital Southeast Asia (now known as Peak XV Partners).
Prosperity7 Ventures and Softbank Ventures Asia also contributed to the round, SUNRATE said in a statement.
According to the statement, the funding…
Funding Societies introduces Shariah-compliant Guaranteed Islamic Investment Note in Malaysia
Following the launch of its comprehensive Islamic financing solutions recently, Funding Societies, the Singapore-based unified small and medium sized enterprise (SME) digital finance platform, has introduced its Guaranteed Islamic Investment Note (GN-i) in Malaysia.
This new offering provides investors with an opportunity to diversify their portfolios through short-term, Shariah-compliant…
Singapore digital wealth management platform Endowus officially launches in Hong Kong
Endowus, a Singapore-based wealth management platform, has on Wednesday announced the official launch of its digital wealth management services in Hong Kong.
Endowus said in a statement that Hong Kong is Endowus’ first overseas expansion market after Singapore.
Founded in 2017, Endowus has raised a total of $50 million in funding from investors such as UBS, EDBI, Prosus Ventures, Z Venture…
Funding Societies crosses $3B in SME lending
Funding Societies | Modalku, the Singapore-based unified small and medium-sized enterprise (SME) digital finance platform, has on Tuesday announced it has achieved $3 billion over more than 5 million transactions of business financing to SMEs across the Southeast Asian region.
As the company expands across five countries in Southeast Asia, almost 100,000 SMEs have benefited from the access to…