Funding Societies crosses $27.8M in loan disbursements to SMEs in Thailand

Funding Societies | Modalku, the Singapore-based small and medium enterprise (SME) digital financing platform, has on Wednesday announced that its Thai business (Funding Societies Thailand) has reached THB1 billion ($27.8 million) in loan disbursements to small businesses in the country for year-to-date 2022. In a statement, Funding Societies said the FinTech firm looks to expand its reach to…

Gaudio Lab Won Two “CES Innovation Awards”

SEOUL, South Korea, Nov. 17, 2022 /PRNewswire/ -- Gaudio Lab, a leading AI audio technology company, announced that it won two "CES Innovation Awards," which was held ahead of CES 2023, the world's biggest IT consumer electronics and consumer technology trade show that will take place in Las Vegas, in January 2023. Gaudio Lab's Loudness Management 1(LM1) and Spatial Audio (GSA) Gaudio Lab…

Funding Societies partners with Proton to provide dealer financing for used car dealers

Funding Societies, Southeast Asia’s largest small and medium-sized enterprise (SME) digital financing platform, is collaborating with Malaysia's national car maker Proton to provide credit facilities for Proton dealers to finance the purchase of cars for floor stocking. “Demand for personal vehicles saw an increase since the second half of 2020. Underlying this growth are concerns over shared…

Gaudio Lab Earns CTA Approval for its OTT Loudness Management Technology

Cutting-edge sound feature provides comfortable audio experience with metadata technology designed to resolve lagging OTT consumer volume issues Gaudio Lab garners global recognition by receiving international accredited standard  SEOUL, South Korea, Sept. 22, 2022 /PRNewswire/ -- Gaudio Lab, a leading audio technology company, today announced that its loudness normalizing technology,…

Singapore’s Funding Societies signs $50M credit facility with HSBC to drive SME growth in Southeast Asia

Funding Societies, a Singapore-based FinTech firm, announced Monday the signing of a $50 million credit facility with HSBC Singapore to continue expanding the firm’s reach to serving underserved small and medium-sized enterprises (SMEs) in the region. Funding Societies said in a statement commercial lending in Asia Pacific is projected to grow at a compound annual growth rate (CAGR) of 16.5…

Funding Societies launches enhanced SME-focused term financing BizFund

Funding Societies, the largest small and medium-sized enterprises (SME) digital financing platform in Malaysia and Southeast Asia, announced Monday its latest enhanced product BizFund, to support creditworthy underserved Malaysian SMEs returning to their full economic potential as markets recover following the outbreak of the Covid-19 pandemic. Funding Societies said in a statement that its…

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 30, 2022 /PRNewswire/ -- Funding Societies, Southeast Asia's largest Small and Medium Enterprises (SME) digital financing…

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…