Kalvin Teo, co-founder and CEO of Funding Societies | Moldaku.

Funding Socities | Moldaku raises $27m in debt

AlteriQ Global, Augment Capital Partners, and Orange Bloom participated in the fund raising. 

Funding Societies | Moldaku, a digital finance platform targeting small and medium enterprises (SMEs), has successfully raised debt of $27m.

The funds will be used in financing solutions aimed at supporting underserved SME segments in five markets in Singapore, Indonesia, Thailand, Malaysia, and Vietnam, Funding Societies | Moldaku said in a press statement.

Fundraising was led by Asia-focused private credit financier AlteriQ Global; multi-family office Aument Capital Partners (ACP); and sustainability-focused fund Orange Bloom.

Funding Societies | Moldaku co-founder and group CEO Kelvin Teo said that they are delighted to receiving the debt funding from a diverse group of institutional investors.

“Amidst uncertain macroeconomic conditions, we continue to deepen our financing propositions across our five markets for more underserved SMEs, alongside existing and new partners,” Teo said.

As of press time, Funding Societies said that it has disbursed $3.2b in business finance across over 5 million transactions, serving 100,000 SMEs.

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