Upstage Raises $72 Million in Series B Funding to Expand Global Reach of its Groundbreaking AI Solutions

The AI startup has raised over $100 million in cumulative investment through Series A and B funding rounds, making it the most-funded AI software company in South Korea. SAN JOSE, Calif., April 16, 2024 /PRNewswire/ -- Upstage, a pioneering AI company specializing in large language models (LLMs) and Document AI, today announced that it has raised $72 million in a Series B. With this latest…

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…

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