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…
Funding Societies crosses US$3 billion in SME Lending, doubles down beyond financing to bolster support for SMEs’ needs
SINGAPORE, April 18, 2023 /PRNewswire/ -- Funding Societies | Modalku, the largest unified SME digital finance platform in Southeast Asia, announced it has achieved US$3 billion (S$4.1 billion) over more than 5 million transactions of business financing to small and medium sized enterprises (SMEs) across the region. As the company expands across five countries in Southeast Asia, almost 100,000…
Funding Societies partners CGC to launch SME Portfolio Guarantee to improve Malaysian SMEs digital financing access
Funding Societies, the Singapore-based small and medium-sized enterprise (SME) digital finance platform, and Credit Guarantee Corporation Malaysia Berhad (CGC) have signed an SME Portfolio Guarantee (SME PG) agreement with the mutual objective of propelling the growth of Malaysian SMEs by providing easier access to financing.
Both parties said in a statement on Friday that through the…
Singapore’s Endowus launches community impact initiative
Endowus, a Singapore-based digital wealth platform, has launched a community impact initiative, Endowus Empower.
This initiative aims to provide underrepresented, underserved, and underprivileged groups with the right tools, advice, opportunities, and community support to reach their wealth and life goals, Endowus said in a statement on Tuesday.
With the focus on financial inclusion, as…
Google-backed South Korean edtech startup Mathpresso secures extended series C round
South Korea-based edtech startup Mathpresso announced Tuessday it has completed a Series C extension round, which brings the round’s total to approximately $70 million.
The newest round was participated by Signite Partners – a corporate venture capital arm of Shinsegae Group and YBM – one of Korea’s largest education management companies, Mathpresso said in a statement.
Previous backers…