Funding Societies acquires CardUp to drive payments expansion

Funding Societies, Southeast Asia's largest Small and Medium Enterprises (SME) digital financing platform, announced Wednesday that it is acquiring regional payments solution CardUp, for an undisclosed amount. Through the move, the company will acquire CardUp's payments capabilities such as card payments to non-card accepting recipients (domestic and cross-border), online payments acceptance,…

Funding Societies acquires CardUp, drives payments expansion

Acquisition of the digital payments platform will take place in June and is subject to regulatory approvals The digital lender will benefit from CardUp's range of payment technologies and solutions, further expanding its financial services beyond lending SINGAPORE, June 29, 2022 /PRNewswire/ -- Funding Societies, Southeast Asia's largest Small and Medium Enterprises (SME) digital financing…

Singapore’s Funding Societies expands financing offerings for MSMEs via Islamic FinTech facilities

Funding Societies, the Singapore-based small and medium-sized enterprise (SME) digital financing platform, on Wednesday introduced its Shariah-compliant trade financing solutions based on Commodity Murabahah (Tawarruq) for creditworthy and underserved Malaysian micro, small, and medium enterprises (MSMEs) seeking to grow their business or expand their working capital as the country reopens its…

Funding Societies partners Dedoco to offer digital signing service

Funding Societies, Southeast Asia’s largest small and medium enterprise (SME) digital financing platform, announced Wednesday that it has partnered Dedoco, a Singapore-based decentralized digital document and workflow management platform, to become one of the first FinTech platforms to enable micro, small and medium enterprise (MSME) customers in Singapore to sign loan contracts via the country’s…

Funding Societies partners with MatchMove to widen credit access for MSMEs in Singapore

Singapore-based small and medium sized enterprise (SME) digital financing platform Funding Societies said Wednesday it has selected banking-as-a-service (BaaS) provider MatchMove to offer virtual card solutions to their micro, small, and medium-size enterprises (MSME) clients in addition to their approved loans at affordable interest rates. This partnership would solve the growing need for…

Singapore’s Funding Societies unveils virtual card Elevate, addressing 80 percent MSME corporate credit card gap

Funding Societies, a Singapore-based small and medium-sized enterprises (SME) digital financing platform, announced Thursday that it has launched Elevate, a virtual card solution for micro, small and medium enterprises (MSMEs) in Singapore. The card is available on a credit line on the FinTech platform’s website and mobile app, and entitles qualified MSMEs to interest free credit for a period…

Customer experience is key differentiator in mobile marketing as businesses go digital at scale, says InMobi’s Rishi Bedi [Q&A]

Southeast Asia's internet economy will hit $1 trillion by 2030, says the recent e-Conomy report by Google, Temasek, and Bain & Co. In 2021 alone, at least 40 million users from the region went online for the first time. This underscores the growing potential of digital services in the region, which is home to around 8.5 percent of the world's population. In a TechNode Global Q&A with…

Funding Societies launches green loans product, releases regional impact study

Southeast Asia SME digital financing platform Funding Societies has launched its green loans product, in which it offers a 40 percent discount on interest on its unsecured microloan offerings to small businesses that satisfy one of the “green” criteria. “We are looking to empower SMEs not just in digital financing but also solving their other pain points over time,” Funding Societies…

Korea EdTech startup Mathpresso secures strategic investment from Google

Mathpresso, a Korea-based EdTech startup announced that it has received an undisclosed amount of funding from Google. Mathpresso said in a statement, the funding will help the startup to accelerate its global market expansion as well as its technological advancement. Mathpresso operates its flagship app 'QANDA', an AI-powered mobile learning platform for K-12 students. By recognizing text…

South Korea 3D sketch software Sketchsoft raises $3.2M Series A co-led by SBVA for talent acquisition & further expansion into global markets

SoftBank Ventures Asia, the early-stage venture capital arm of the SoftBank Group, announced Wednesday that it has co-led a $3.2 million Series A funding round in Sketchsoft, a 3D sketch software developer in South Korea. In a statement, SBVA said that it jointly led the $3.2 million round with Korea’s venture capital and private equity firm SV Investment, with additional participation by…