Funding Societies partners foodpanda to offer financing for Bumiputera merchants in Malaysia

Funding Societies, Southeast Asia’s small and medium enterprise (SME) digital finance platform, has extended its partnership with global delivery firm Delivery Hero's subsidiary foodpanda to offer exclusive financing for Bumiputera merchants in Malaysia. Funding Societies said in a statement that eligible foodpanda merchants can access financing up to MYR 100,000 ($22,207) at a competitive 2…

Funding Societies secures investment from Cool Japan Fund

CJF's injection kicks off Funding Societies' 10th year track record in serving SMEs in Southeast Asia Investment bridges gap for Southeast Asia's SMEs supporting Japanese companies' overseas expansion SINGAPORE, Dec. 19, 2024 /PRNewswire/ -- Funding Societies | Modalku (Funding Societies), the largest unified SME (small and medium enterprises) digital finance platform in Southeast Asia, today…

Funding Societies secures $25M investment from Cool Japan Fund

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 US$25 million in equity investment from Japan’s sovereign wealth fund Cool Japan Fund (CJF). The investment from CJF signifies the fund’s first investment into a Fintech company in Southeast Asia, Funding Societies said in…

Funding Societies secures third credit facility with HSBC to extend access to MSMEs in Southeast Asia

Part of HSBC's ASEAN Growth Fund, an accumulative commitment of over US$100 million to Funding Societies since its partnership established in 2022 SINGAPORE, Nov. 5, 2024 /PRNewswire/ -- Funding Societies | Modalku (Funding Societies), the largest unified digital finance platform for micro, small and medium enterprises (MSMEs) in Southeast Asia today announced signing the third credit facility*…

Malaysia’s Maybank invests in Funding Societies

Malaysian lender Malayan Banking Berhad (Maybank) has announced a strategic investment in Funding Societies | Modalku (Funding Societies), an unified digital finance platform for micro, small and medium enterprises (MSMEs) in Southeast Asia. Funding Societies said in a statement on Wednesday that in conjunction with this investment, Maybank will explore collaborative synergies with Funding…

Maybank Announces Strategic Investment in Funding Societies, Southeast Asia’s Largest MSME Digital Finance Platform

SINGAPORE, Sept. 11, 2024 /PRNewswire/ -- Maybank, a dedicated banking partner to more than 1 million small and medium enterprises across ASEAN, today announced a strategic investment in Funding Societies | Modalku (Funding Societies), the largest unified digital finance platform for micro, small and medium enterprises (MSMEs) in Southeast Asia. In conjunction with this investment, Maybank will…

LG EXPANDS INVESTMENT IN AI AND DEEP TECH STARTUPS

Company Joins SBVA's AI Fund and Continues Efforts to Nurture Future Businesses Through Open Innovation Activities SEOUL, South Korea, Aug. 20, 2024 /PRNewswire/ -- LG Electronics (LG) is making significant investments in startups specializing in artificial intelligence (AI) and deep tech. LG has committed USD 10 million as a key limited partner in the newly established USD 130 million "Alpha…

Funding Societies has disbursed $64.22M in Islamic financing to MSMEs in Malaysia

Funding Societies, the Singapore-based unified digital finance platform for small and medium sized enterprises (SMEs), has successfully disbursed MYR 300 million ($64.22 million) in Islamic business financing to more than 2,500 micro, small, and medium enterprises (MSMEs) in Malaysia since launching its comprehensive suite of Islamic products in June 2023. Funding Societies said in a statement…

Funding Societies enters strategic partnership with SGeBIZ to bring embedded finance solutions for SMEs in Singapore

SINGAPORE, April 24, 2024 /PRNewswire/ -- Funding Societies, the largest unified SME (small and medium enterprises) digital finance platform in Southeast Asia, announced a strategic partnership with Singapore E-Business (SGeBIZ) – a digital procurement, payment and sourcing platform provider – to bring B2B (business-to-business) embedded finance (EmFi) solutions to businesses in Singapore, that…

South Korea’s Upstage raises $72M Series B funding to expand global reach

Upstage, a South Korea-based artificial intelligence (AI) company specializing in large language models (LLMs) and Document AI, has announced that it has raised $72 million in a Series B. With this latest investment, Upstage has now raised over $100 million since its founding in October 2020, Upstage said in a statement on Tuesday. According to the statement, the Series B round was led by…