Funding Societies
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 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. CardUp's payment services will complement its lending products, to offer a unified financial experience for small and medium-sized enterprises (SMEs)…
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…
Singapore’s Funding Societies steps into Vietnam in fifth market expansion
Funding Societies, a Singapore-based small and medium-sized enterprise (SME) digital financing platform, has officially launched in Vietnam on Tuesday, marking its fifth market expansion .Addressing the SME financing gap in Vietnam, where the SME landscape is growing yet financially underserved, is a natural next step for the fintech company as it pushes…
Funding Societies co-invests with Carro in Indonesia’s Bank Index
Funding Societies (also known as Modalku in Indonesia), a Singapore-based small and medium enterprises (SME) digital financing platform, on Tuesday officially announced its investment into Bank Index (PT. Bank Index Selindo), an Indonesian national Bank, alongside Carro, a Southeast Asian automotive marketplace platform.
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…
Funding Societies partners with MatchMove to widen credit access for MSMEs in Singapore
Funding Societies 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 MSMEs to manage their digital business expenses.
Singapore’s Funding Societies unveils virtual card Elevate, addressing 80 percent MSME corporate credit card gap
Funding Societies 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 of up to 55 days.
Singapore’s Funding Societies raises $294M led by Softbank to fuel expansion plans in Southeast Asia
Funding Societies has raised $144 million in an oversubscribed Series C+ equity round led by SoftBank Vision Fund 2. Other new investors included Vietnamese tech giant VNG Corporation, Rapyd Ventures, Asia-based global investor EDBI, Indies Capital, K3 Ventures, and Ascend Vietnam Ventures.
Funding Societies launches green loans product, releases regional impact study
Funding Societies launched its green loans product at a time when environmental, social, and governance (ESG) investing and sustainable investing are gaining traction in the investing fraternity.
