Tagged: funding-societies

Funding Societies Expands into Vietnam

Diem Ryan Kelly Funding Societies

Funding Societies, a Singapore-based digital finance platform, has launched in Vietnam today. This is Funding Societies 5th Asian market. Funding Societies provides smaller firms with access to capital with a credit marketplace. To date, Funding Societies has originated S$3.16 billion with just a 1.26% default… Read More

Funding Societies Offers Sign with Singpass for MSMEs, Streamlining Digital KYC Process

Tanjong Pagar Bell Singapore Asia

Funding Societies, which claims to be Southeast Asia’s largest SME digital financing platform, recently announced that it has teamed up Dedoco, a “decentralized” digital document and workflow management platform, in order “to become one of the first FinTech platforms to enable micro, small and medium… Read More

Funding Societies Says it Will Purchase Employee Shares Up to $16 Million

Kelvin Teo

Funding Societies, a leading Asian online investing marketplace, says it will purchase up to $16 million in employee securities to provide current and former employees liquidity. Last month, Funding Societies announced a $294 million funding round led by SoftBank. Under the plan, all eligible former… Read More

Malaysia Debt Ventures (MDV) Establishes Pilot Fund with Assistance from Funding Societies

Batu Caves Kuala Lumpur Malaysia meimei ismail unsplash

Malaysia Debt Ventures (MDV), a subsidiary of the Minister of Finance (MOF) and dedicated tech financier, is reportedly establishing a pilot fund valued at RM500,000 to be invested through Funding Societies, a Southeast Asia-based SME digital financing platform. This move intends to reach underserved companies,… Read More

Funding Societies Introduces Elevate, a Virtual Card to Address SME Digital Payment Requirements

Mastercard Touchless Payments iPhone Wallet Credit Card

Since the start of the Coronavirus crisis, both digital-service use and the digital market have grown significantly in Southeast Asia. According to the e-Conomy SEA 2021 Report by Google, Temasek, and Bain & Company, there are now around 350 million digital consumers in the region… Read More

Funding Societies Raises $294 Million Led by SoftBank as Digital Finance Platform Executes on Mission

Kelvin Teo with fellow Co founder Reynold Wijaya

Funding Societies, an online capital formation platform serving Asia, has announced $294 million in funding led by SoftBank. According to a statement by the company, USD $144 million was raised in an oversubscribed Series C+ equity round led by SoftBank Vision Fund 2, with new… Read More

Funding Societies, an Asian Online Capital Formation Platform, Shares Key Updates from Past Year

matthieu buhler Asia Pacific unsplash

Just a year ago, countries all across the globe were rushing to pull down the shutters on their airports and economies took a massive hit, however, today “paints a different picture,” according to an update from Funding Societies. The team at Funding Societies writes in… Read More

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

Kelvin Teo

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

Kuala Lumpur Malaysia danica tanjutco unsplash

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

Malaysia yaopey yong unsplash

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

Singapore Marina Bay Sands

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

Tanjong Pagar Bell Singapore Asia

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

Kelvin Teo and Varun Bhandari

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

South East Asia at Night

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

Kelvin Teo Co founder and Group CEO Reynold Wijaya Co founder Funding Societies

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

Kelvin Teo

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

Nihit Nirmal CPO Ishan Agrawal CTO Frank Stevenaar CFO

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

Kelvin Teo Profile Photo

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

Dheeraj Chowdhry SG CEO Funding Societies

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 New Hires 2019

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

Send this to a friend