Tag "Funding Societies"
Funding Societies Secures US$27 Million Debt Financing
Funding Societies | Modalku, an SME digital financing platform in Southeast Asia, has raised US$27 million in debt financing. The debt fundraise was led by Asia-focused private credit financier AlteriQ Global, with multi-family office Aument Capital Partners (ACP) and sustainability-focused
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Funding Societies Crosses US$ 3 Billion Milestone in SME Loan Disbursals
Southeast Asian SME digital financing platform Funding Societies | Modalku has crossed US$3 billion (S$4.1 billion) in disbursals of financing to SMEs with over 5 million transactions. The company reported that it has disbursed loans to close to 100,000 SMEs
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Funding Societies Thailand Surpasses THB 1 Billion in Loan Disbursements
Funding Societies a Southeast Asian Small and Medium Enterprises (SME) digital financing platform, announced that its Thai business has reached THB 1 billion (US$ 27.8 million) in loan disbursements for year-to-date (YTD) 2022. The company said that it is looking
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Funding Societies Lands US$50 Million Credit Facility From HSBC
Funding Societies, a Southeast Asian Small and Medium Enterprises (SME) digital financing platform, announced that it has received a US$50 million credit facility from HSBC Singapore. Through this new facility, Funding Societies will be able to channel the funds via
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Funding Societies Inks Deal to Acquire CardUp
Funding Societies, a Southeast Asian digital financing platform for small and medium enterprises (SMEs), today announced that it is acquiring regional payments solution, CardUp, for an undisclosed sum. The acquisition is subject to regulatory approvals. Through the move, Funding Societies
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Funding Societies Officially Launches in Vietnam, Marking Its 5th Market Expansion
Southeast Asian SME digital financing platform Funding Societies has officially launched in Vietnam today, marking its fifth market expansion. Since its soft launch in Vietnam in December 2021, Funding Societies has already achieved over US$20 million in disbursements, and it
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Funding Societies Makes Co-investment in Indonesia’s Bank Index
Funding Societies, Southeast Asian SME digital financing platform also known as Modalku in Indonesia, announced its investment into Indonesia’s Bank Index alongside Carro, a Southeast Asian automotive marketplace platform. This move signals Funding Societies’ entry into the neobanking space. With
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Funding Societies Enables MSMEs Applying for Loans to “Sign With Singpass”
Southeast Asian SME digital financing platform Funding Societies announced that it has partnered Dedoco, a decentralised digital document and workflow management platform, to enable micro, small and medium enterprises (MSMEs) in Singapore to sign loan contracts via the country’s digital
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Funding Societies Announces US$16 Million Employee Stock Option Plan Buyback
Southeast Asian SME digital financing platform Funding Societies has announced its Employee Stock Option Plan (ESOP) buyback for existing and former employees worth US$16 million (RM67 million). This is Funding Societies’ fourth ESOP buyback where the previous one saw its
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Funding Societies Taps MatchMove to Power Real-Time Fund Requests for Its Virtual Card
Southeast Asian SME digital financing platform 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. The M-JIT™
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