Funding Societies
Funding Societies | Modalku is touted as the largest SME digital financing platform in Southeast Asia. It is licensed and registered in Singapore, Indonesia, Thailand, Malaysia, and operates in Vietnam. It is backed by SoftBank Vision Fund 2, SoftBank Ventures Asia, Sequoia Capital India, Alpha JWC Ventures, SMBC Bank, BRI Ventures, VNG Corporation, Rapyd Ventures, Endeavor,
EDBI, SGInnovate, Qualgro, and Golden Gate Ventures amongst others.
The FinTech company has reportedly disbursed a total of US$2.6b to small and medium-sized enterprises (SMEs) as of June 2022.
Tight lending rules limit Thai SME credit access
Tight lending rules limit Thai SME credit access
Strict bank requirements and economic instability restrict SMEs' funding options.
HSBC invests $100m in MSME finance platform Funding Societies
Two annual credit facilities were also extended to Funding Societies.
Funding Societies, SGeBIZ to offer embedded finance solution for SG businesses
The solution aims to help businesses manage their cash flow.
Funding Socities | Moldaku raises $27m in debt
AlteriQ Global, Augment Capital Partners, and Orange Bloom participated in the fund raising.
Kelvin Teo to discuss SME empowerment, fintech evolution at Asian Banking & Finance Summit
Join us on September 6 for insights into the evolving FinTech landscape in Southeast Asia.
Digital finance platform Funding Societies has disbursed $3b of funding to SMEs
The company offers lending, payments, and collections services.
Financing platform Funding Societies clinches US$50m loan with HSBC SG
It will use the money to extend more loans to SMEs in Southeast Asia.
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