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Funding Societies Buys CardUp, a Licensed Payments Provider

Leading Asian SME financing platform and emerging neobank Funding Societies is acquiring regional payments solution, CardUp. The terms of the deal were not disclosed. CardUp is a payments provider serving both businesses and individuals. CardUp was founded in 2016 and operates in Singapore, Hong Kong,… Read More

Funding Societies Expands into Vietnam

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 Says it Will Purchase Employee Shares Up to $16 Million

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

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

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 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

SME Digital Finance Platform Funding Societies Raises $18 Million in Debt Capital

Funding Societies has raised USD $18 million in debt capital led by Helicap Investments, the newly launched Social Impact Debt Fund, and a Japanese financial services group.  Helicap Securities acted as sole lead arranger on the secured credit facility. Funding Societies is based in Singapore… 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

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 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

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

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

Singapore Based Funding Societies Expands into Malaysia

First P2B Online Lending Platform Approved by Regulators in Singapore & Malaysia Funding Societies, a peer-to-business online lender, has received an “in-principle approval” of a Capital Markets Services (CMS) license in Singapore, and has been selected as one of the six registered operators in Malaysia… Read More

Sequoia India Leads S$10 Million Series A for Funding Societies

Funding Societies, a Singapore-based “peer to business” lending marketplace, has raised a respectable S$ 10 million in a Series A funding round.  The investment was led by Sequoia India, part of the legendary Sequoia VC group. Funding Societies believes this is the largest investment in… Read More

DBS Forms Partnership with Two P2P Lenders in Singapore: Funding Societies & MoolahSense

The largest bank in South East Asia, DBS, has signed an agreement with two peer to peer lending platforms to refer small business loans the bank turns away.  MoolahSense and Funding Societies will now become a service provider for the far larger bank. Simultaneously, both… Read More

Fight For Your Dreams: Q&A With Reynold Wijaya, Co-founder Of Funding Societies

  A co-founder of Funding Societies in his 20s, Reynold Wijaya is now the peer-to-peer lending company’s chief operations (Singapore) leader, and has helped bring the company’s funding to near $1.25 million. Funding Societies was among the first homegrown P2P lending companies to bring in a trustee registered with the… Read More

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