Funding Societies
CGC Digital, Funding Societies, and FarmByte team up to support agricultural financing in Malaysia
Malaysia-based fintech firm CGC Digital, Singapore-based financing platform Funding Societies | Modalku (Funding Societies), and Malaysia-based agricultural digital service firm FarmByte have teamed up to support agricultural financing in Malaysia.
February 12, 2025
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.
January 7, 2025
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).
December 19, 2024
News,SEA,Malaysia,Singapore,FinTech
Funding Societies extends partnerships with CGC Digital to boost Malaysian micro and small businesses financing
Funding Societies | Modalku, a Singapore-based unified digital finance platform for micro, small and medium enterprises (MSMEs), has expanded its digital guarantee products in partnership with CGC Digital, the FinTech subsidiary of Credit Guarantee Corporation Malaysia Berhad, to provide Malaysian micro and small businesses with broader and more affordable…
December 18, 2024
Funding Societies secures third credit facility with HSBC to extend access to MSMEs in Southeast Asia
Funding Societies, the Singapore-based unified digital finance platform for micro, small and medium enterprises (MSMEs) has on Tuesday announced signing the third credit facility with HSBC under its ASEAN Growth Fund.
November 5, 2024
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.
September 11, 2024
News,SEA,Malaysia,Singapore,FinTech
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.
July 23, 2024
Funding Societies partners SGeBIZ to bring embedded finance solutions for SMEs in Singapore
Funding Societies, the Singapore-based unified small and medium enterprises (SME) digital finance platform, has announced a strategic partnership with Singapore E-Business (SGeBIZ), a digital procurement, payment and sourcing platform provider, to bring business to business (B2B) embedded finance (EmFi) solutions to businesses in Singapore.
April 24, 2024
Khazanah and CGC Digital invest in Funding Societies to broaden financing access to MSMEs
Khazanah Nasional Berhad (Khazanah) and CGC Digital Sdn Bhd (CGC Digital) have on Wednesday 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.
January 3, 2024
Funding Societies partners Halal Development Corporation to enhance financing access to halal SMEs
Singapore-based digital finance platform Funding Societies has partnered with a 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).
November 29, 2023