Tag "Funding Societies"
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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Funding Societies Rolls Out Virtual Card Elevate for MSMEs in Singapore
Southeast Asian SME digital financing platform Funding Societies announced that it has launched Elevate, a virtual card for micro, small and medium enterprises (MSMEs) in Singapore. Elevate, a free-to-apply credit line that comes with an opt-in virtual card, is enabled
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Funding Societies Raises US$294 Million in Series C+ Led by SoftBank
Funding Societies, a Southeast Asian SME digital financing platform which goes by Modalku in Indonesia, today announced that it has raised US$144 million in an oversubscribed Series C+ equity round. The round was led by SoftBank Vision Fund 2 with
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New Report Assesses Digital Lender Impact on Southeast Asian MSMEs
In Southeast Asia, micro, small and medium-sized enterprises (MSMEs) are the backbone of the economy, making up for 97%-99% of the region’s total enterprises and contributing between 52% and 97% of total employment. Yet, despite their centrality to national economies,
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Funding Societies Raises US$18 Million in Debt Financing
Funding Societies, Southeast Asian SME digital financing platform, announced that it has raised US$18 million in debt financing led by a trio syndicate of financial institutions including Helicap Investments, the newly launched Social Impact Debt Fund, and an unnamed Japanese
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Funding Societies Crosses the S$2 Billion Mark in SME Loan Disbursals
Funding Societies, a Southeast Asian SME digital financing platform, announced that it has made S$2 billion in disbursals of business financing to small and medium sized enterprises (SME) across the region as it enters its sixth year of operations. Funding
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Funding Societies Notched up Its 4th Market With Thailand Expansion
Funding Societies, Southeast Asian SME digital financing platform, has launched in Thailand and will operate under the debt-crowdfunding license given by Thailand’s Securities and Exchange Commission. This expansion comes after more than one year of working with Thai regulators and
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Funding Societies Bags Investment From Samsung Ventures
South East Asia’s P2P financing platform, Funding Societies also known as Modalku in Indonesia, announced that Samsung Venture Investment Corporation has invested in its latest funding round. Funding Societies intends to expand its technology team across to tap tech and
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Funding Societies Appoints Ex-GoBear Co-Founder as CFO
P2P financing platform Funding Societies, announced today, key additions to its executive team including former GoBear Co-Founder, Frank Stevenaar as its first Chief Financial Officer. Frank will be overseeing Funding Societies’ finance operations, boosting its fundraising efforts, and strengthening its
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