Tagged: funding-societies

Funding Societies Publishes Impact Report: Digital Finance is Helping Small Businesses Across Asia

Funding Societies, an Asian digital finance platform supporting SMEs, has published a regional study to mark 5 years of online lending. Funding Societies originates microloans from USD $500 up to US$1.5 million, which can be disbursed in as fast as 24 hours. The report notes… Read More

Southeast Asia’s Funding Societies Partners with MUFG Bank Malaysia to Introduce Referral Scheme Program

Southeast Asia-based online financing platform Funding Societies announced earlier this week that it teamed up with MUFG Bank Malaysia, which operates as a subsidiary of Mitsubishi UFJ Financial Group, in order to introduce a Referral Scheme Program exclusively for the banking institution’s corporate customers in… Read More

Southeast Asia’s Funding Societies, an Online Capital Formation Platform, Partners with Foodpanda, Helps Disburse RM1 Million in Financing

Southeast Asia-based Funding Societies, an established digital financing platform, has teamed up with Foodpanda in order to provide short-term online financing services for registered merchants (via Foodpanda’s network). Through the partnership, the companies have collectively disbursed RM1 million (appr. $240,000) in financing, which enables local… Read More

Fintech Funding: Singapore based Fintechs Secured Nearly Half A Billion Dollars in Q1 2020

Fintech businesses in Singapore have secured a total of SGD 656 million (appr. $492.8 million) in equity funding during Q1 2021. This figure represents a 355% increase from last year, according to a recent report from the Boston Consulting Group (BCG). The rise in Fintech… Read More

Southeast Asia’s Funding Societies, an Online Capital Formation Platform, Reports S$2 Billion in Business Financing Disbursals

Southeast Asia-based Funding Societies, a digital financing platform, has revealed that it has made S$2 billion (appr. $1.5 billion) in disbursals of business financing to SMEs across the region as the company enters its sixth year of offering loans. Funding Societies’ management noted that the… Read More

Funding Societes Expands into Thailand

Singapore based Funding Societies has announced the expansion of operations into Thailand. The online capital formation platform will operate under a crowdfunding license authorized by the Thai Securities and Exchange Commission. According to a note from Funding Societies, the company worked for more than a… Read More

Dutch Crowdfunding Platform Lendahand Announces €5 million Debt Facility For Funding Societies to Support Southeast Asian Underserved SMEs

Lendahand, a Netherlands-based for-profit crowdfunding platform for impact investing, announced over the weekend that it has agreed to provide Singapore-based Funding Societies with an up to €5 million debt facility to invest in underserved SMEs, predominantly in Indonesia, but also including Singapore and Malaysia. Lendahand reported… Read More

Samsung Invests in Funding Societies, a Marketplace Lending Platform

Funding Societies has received an investment from Samsung Venture Investment Corporation, according to a note from the Fintech.  Details on the investment were not disclosed. Samsung Venture is an investment arm of the South Korean conglomerate, Samsung Group, and has been an active investor in… Read More

Funding Societies’ Direct Lending Entity Approved to Become Participating Finance Institution

Singapore based peer to peer finance platform Funding Societies notes that after several years of laying the groundwork with ESG, they’re proud to confirm that their direct lending entity, FS Capital Pte Ltd (which is part of Funding Societies), was approved in October 2020 to… Read More

Funding Societies Announces Executive Changes Including New CFO, CTO and CPO

Funding Societies, an SME digital financing platform has updated much of its executive team. According to a note from the company, Frank Stevenaar joins as the Fintech’s first Chief Financial Officer (CFO), Nihit Nirmal takes on the role as Chief Product Officer (CPO), and Ishan… Read More

Funding Societies Named Winner Of a Silver Stevie Award in Innovation in Technology Category at the Asia-Pacfic Stevie Awards

Funding Societies, one of the largest peer-to-peer (P2P) lending platforms in Southeast Asia, announced on Tuesday it was named the winner of a Silver Stevie Award last week in the Innovation in Technology category in the seventh annual Asia-Pacific Stevie Awards. The online lender claims… Read More

Funding Societies Partners with SGeBIZ to Help Finance Asian SMEs

Singapore based peer to peer finance platform Funding Societies has announced a new partnership with Singapore E-Business Pte Ltd (SGeBIZ). The arrangement seeks to “provide quick financing solutions to local SME suppliers and their buyers.” Funding Societies offers a diverse range of loan products, that… Read More

Leading Southeast Asian Peer to Peer Lender Funding Societies Revamps with New Executive Team

Funding Societies, one of the largest peer-to-peer (P2P) lending platforms in Southeast Asia, has revamped its executive team with new hires. Funding Societies provides access to capital to SMEs crowdfunded by both institutional and individual investors. To date, Funding Societies reports over S$ 800 million… Read More

Funding Societies Tops S$ 200 Million in SME Crowdfunded Loans

Singapore based Funding Societies, a leading peer-to-peer (P2P) lending platform in Southeast Asia, has topped S$ 200 million mark in total crowdfunded SME loans. Funding Societies notes that this accomplishment arrives just 6 months after crossing S$ 100 million in January of this year. The… Read More

Largest Funding Round for P2P Platform in Southeast Asia: Funding Societies Raises $25 Million

Singapore based Funding Societies has closed a USD $25 million Series B funding round. The peer to peer lending platform said the oversubscribed offer was led by Softbank Ventures Korea. Additionally, Funding Societies said it has received expanded credit facilities from banks and other financial… Read More

Funding Societies Tops S$100 Million in SME Funding, Claims Top Spot for Any Crowdfunding Platform in SE Asia

Funding Societies, a leading peer-to-peer lending platform based in Singapore, has crossed the S$ 100 million mark in total crowdfunded SME loans. The financing was provided to SMEs across Singapore, Indonesia and Malaysia. According to the company, Funding Societies has expanded its crowdfunding book by… Read More

Funding Societies Dubbed First Southeast Asian Company to Win Global SME Excellence Award from United Nations’ ITU Telecom

Singapore’s and Southeast Asia’s SME crowdfunding platform Funding Societies announced on Friday it was named the first southeast Asia company to win the Global SME Excellence Award from United Nations’ ITU Telecom, which was held this year in Busan, South Korea. This news comes just days after… Read More

First SME Lending Chatbot in SE Asia Launched by Funding Societies

Funding Societies, Singapore’s and Southeast Asia’s SME crowdfunding platform, has announced the launch of its new chatbot “Miyu”. This is described as the first such chatbot created by a crowdfunding company in Southeast Asia. Miyu was jointly developed by two Singapore Management University interns at… Read More

Senturia Capital Announces Partnership With Funding Societies to Expand Alternative Financing Access to Malaysian Businesses

Private equity fund manager Senturia Capital has reportedly announced a partnership with peer-to-peer financing platform Funding Societies to expand alternative financing access and capital solutions for Malaysian businesses. According to The Star, Senturia Capital managing director, Datuk Marco Yap, revealed that the partnership with Funding… Read More

Largest Lender: Funding Societies is First P2P Lender to Join International Association of Credit Portfolio Managers

Singapore based Funding Societies has become the first peer-to-peer lending platform to become a member of the International Association of Credit Portfolio Managers (IACPM), a prestigious forum for credit risk management. Funding Societies also reported that risk expert Terry Tse has joined the online lender’s… Read More

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