Kelvin Teo
Khazanah Nasional, CGC Digital invest in Singapore’s Funding Societies to broaden financing access to MSMEs
Aims to expand coverage to areas beyond KL, Selangor, Penang, and Johor
Progressively offer more cash flow management solutions to power growth
Funding Societies crosses US$3 bil in SME financing, doubles down beyond financing to support SMEs’ needs
Funding Societies announced it has achieved US$3 bil over more than 5 mil transactions of business financing to SMEs across Southeast Asia.
Funding Societies bags US$50 mil credit facility with HSBC
Funding Societies has announced the signing of a US$50 mil credit facility with HSBC Singapore to continue expanding the firm’s reach to underserved SMEs in the region.
Funding Societies acquires CardUp, drives payment expansion
Funding Societies has announced that it is acquiring regional payments solution, CardUp, for an undisclosed amount.
Funding Societies raises Series C+ round of US$144mil
Funding Societies has announced that it has raised US$144 million in an oversubscribed Series C+ equity round led by Japanese venture capital fund SoftBank Vision Fund 2.
Funding Societies raises US$18mil debt from Japanese and Singaporean impact investors
AI-driven credit model proved resilience during pandemic
On track to raise US$120mil in institutional debt for funding SEA’s SMEs
Xiaomi Finance, AMTD, SP Group and Funding Societies join hands to apply for digital banking license in Singapore
Committed to creating banking solutions for SMEs, focusing on SEA and Greater China.
Funding Societies appoints new CTO, CEO and CDO
Matt Lambie joins as chief technology officer, Dheeraj Chowdhry as chief executive officer and Jared Goldberg as chief data officer.
Funding Societies hits US$145mil in SME crowdfunding
Volume doubles in six months after crossing funding of US$73 million in January 2018.
Funding Societies raises US$25 million in series B round
This oversubscribed series B round is the largest raised by a P2P lending platform in Southeast Asia.
