| Date | Title | Description |
| 24.04.2024 | Funding Societies enters strategic partnership with SGeBIZ to bring embedded finance solutions for SMEs in Singapore | SINGAPORE, April 24, 2024 /PRNewswire/ -- Funding Societies, the largest unified SME (small and medium enterprises) digital finance platform in Southeast Asia, announced a strategic partnership with Singapore E-Business (SGeBIZ) – a digital... |
| 24.04.2024 | SGeBIZ and Funding Societies Team Up to Offer BNPL Payment Option for SMEs | - |
| 26.03.2024 | Singapore Remains the Top Choice For Venture Capital in Southeast Asia | - |
| 04.01.2024 | Deals in brief: Tabby secures additional funding, Swap Energy to boost market share in Indonesia with Series A funds, multiple China and India deals, and more | Tabby secures USD 700M in debt financing and extends Series D round to USD 250 million
The Riyadh-based fintech startup, which offers buy now, pay later services to consumers in the Middle East, has secured up to USD 700 million in receivab... |
| 03.01.2024 | Deals in brief: Funding Societies and Swap Energy secure funding, Temasek leads investment in Robin AI, multiple China and India deals, and more | Khazanah Nasional Berhad and CGC Digital announce strategic investment in Funding Societies
Digital finance platform Funding Societies, also known as Modalku in Indonesia, has secured an undisclosed amount of strategic investment from Khaza... |
| 03.01.2024 | Funding Societies raises new capital from Khazanah to expand Malaysian footprint | FintechInvestmentsNews
Miguel Cordon · 3 Jan 2024 · 1 min readFunding Societies raises new capital from Khazanah to expand Malaysian footprint
Funding Societies Malaysia co-founder and CEO Wong Kah Meng | Photo credit: Funding Societies
Sin... |
| 15.11.2023 | Deals in brief: Augmentus and Etaily secure Series A funding, SC Ventures launches Libeara, multiple China and India deals, and more | Augmentus secures USD 5 million in Series A round
The Singapore-based no-code robotics software company has secured USD 5 million in a Series A funding round led by Sierra Ventures, along with participation from existing seed investor Cocoo... |
| 03.11.2023 | Deals in brief: East Ventures invests in Compawnion, EDBI establishes new investment firm, Little Joy secures Series A funding, and more | Is our region’s funding landscape in a precarious state?
According to a joint report by Temasek and Bain & Company, private funding in digital economy sectors has regressed to 2017 levels, a significant shift from the highs of 2021. In ... |
| 02.11.2023 | Fintech: Digital Finance Platform Funding Societies Raises $7.5m for SE Asia SMEs | Funding Societies (Modalku), a unified small and medium enterprises (SME) digital finance platform in Southeast Asia, has announced raising $7.5 million in debt from Norfund, Development Financial Institution (DFI) operated by the Norwegian... |
| 02.11.2023 | Funding Societies raises US$7.5 million from Norfund, bringing financial inclusion for SMEs in Southeast Asia | SINGAPORE, Nov. 2, 2023 /PRNewswire/ -- Funding Societies | Modalku, the largest unified SME (small and medium enterprises) digital finance platform in Southeast Asia, today announced that it has raised US$7.5 million in debt from Norfund, ... |
| 02.11.2023 | Deals in brief: Tabby attains unicorn status, Funding Societies secures USD 7.5 million in debt funding, SPH Media acquires Tech in Asia, and more | Tabby raises USD 200 million, attaining unicorn status
The Riyadh-based fintech startup, which offers buy now, pay later services to consumers in the Middle East, has secured USD 200 million in its Series D funding round, propelling its val... |
| 02.11.2023 | Funding Societies bags $7.5m in debt from Norwegian investment fund | FintechInvestmentsNews
Jofie Yordan · 2 Nov 2023 · 2 min readFunding Societies bags $7.5m in debt from Norwegian investment fund
Funding Societies co-founder and CEO Kelvin Teo (left) and Norfund regional director of Asia Fay Chetnakarnkul ... |
| 26.10.2023 | Funding Societies posts 84% revenue jump in 2022 as losses grow | Premium Content
It takes our newsroom weeks - if not months - to investigate and produce stories for our premium content. You can’t find them anywhere else.
Gabriel Budi Sutrisno · 27 Oct 2023 · 4 min readFunding Societies posts 84% revenue... |
| 10.10.2023 | Nearly seven in 10 SMEs in Southeast Asia rely on startup capital from savings, family and friends: SME Industry Report | Study uncovers the need for a solution to improve cash flow management for SMEs
High interest rates and dissatisfactory experience spur SMEs to switch brands
SINGAPORE, Oct. 10, 2023 /PRNewswire/ -- In Southeast Asia, about 70% of SMEs (sma... |
| 28.09.2023 | Deals in brief: Zeron, Automera, Doceree, and Bright Money secure funding, four China deals, and more | Zeron raises seed funds to further develop cybersecurity platform
The Mumbai-based cybersecurity startup has announced the completion of a seed funding round, raising USD 500,000. The investment was led by Varanium Capital and supported by ... |
| 27.09.2023 | Deals in brief: NexMind, Funding Societies, and Kiddocare secure funding, multiple China and India deals, and more | NexMind secures seed funding from 500 Global to expand its digital marketing platform
NexMind, an artificial intelligence-powered digital marketing platform, has secured an undisclosed amount of seed funding from 500 Global.
The funding coi... |
| 26.09.2023 | Fintech: Digital Finance Platform Funding Societies Secures $27m in Debt | Funding Societies, also known as Modalku, Southeast Asia’s largest unified SME digital finance platform, has successfully secured $27 million in debt funding, led by private credit financier AlteriQ Global.
Multi-family office Aument Capita... |
| 26.09.2023 | Funding Societies raises US$27 million in debt funding from institutional investors to bridge credit gap for SMEs in Southeast Asia | First such debt transaction from all institutional investors with a SME FinTech lender in SEA
SINGAPORE, Sept. 26, 2023 /PRNewswire/ -- Funding Societies | Modalku, the largest unified SME (small and medium enterprises) digital finance plat... |
| 21.07.2023 | Funding Societies’ Modalku cuts 18% of its workforce | FintechNewsStartups
Gabriel Budi Sutrisno · 8 Aug 2023 · 1 min readFunding Societies’ Modalku cuts 18% of its workforce
The Modalku team / Photo credit: Modalku
With additional reporting by Jofie Yordan
Indonesia-based Modalku, a unit of SM... |
| 27.04.2023 | Muslims come into the frame in Southeast Asia’s fintech boom | Founded in 2014, Blossom Finance was first intended for Muslim entrepreneurs in the United States. The microfinancing platform connects investors with small businesses using mudarabah, a shariah-compliant profit-sharing agreement. But found... |
| 11.10.2022 | The rise of fintech in Southeast Asia | Financial technology (fintech) is booming in Southeast Asia (SEA). Fintech funding in the region more than tripled to hit a record USD 3.5 billion in the first nine months of 2021, compared to USD 1.1 billion for all of 2020.
The fastest-gr... |
| 22.08.2022 | Funding Societies signs US$50 million credit facility with HSBC to drive SME growth in Southeast Asia | SINGAPORE, Aug. 22, 2022 /PRNewswire/ -- Funding Societies, Southeast Asia's largest Small and Medium Enterprises (SME) digital financing platform, today announced the signing of a US$50 million credit facility* with HSBC Singapore to conti... |
| 19.08.2022 | Funding Societies scores $50m in debt funding from HSBC Singapore | InvestmentsNewsStartups
Aditya Hadi Pratama · 8h ago · 1 min readFunding Societies scores $50m in debt funding from HSBC Singapore
Funding Societies, a Singapore-based fintech firm, has signed an agreement to secure US$50 million in credit ... |
| 06.07.2022 | VNG’s Zalo says it doesn’t want to build a super app | NewsSocial Media
Thu Huong Le · 11 Jul 2022 · 2 min readVNG’s Zalo says it doesn’t want to build a super app
Despite boasting 71 million users in Vietnam, Zalo doesn’t plan to become a super app.
In an exclusive interview with Tech in Asia,... |
| 30.06.2022 | Funding Societies acquires CardUp, drives payments expansion | Acquisition of the digital payments platform will take place in June and is subject to regulatory approvals
The digital lender will benefit from CardUp's range of payment technologies and solutions, further expanding its financial services ... |
| 29.06.2022 | Funding Societies acquires CardUp, drives payments expansion | Acquisition of the digital payments platform will take place in June and is subject to regulatory approvals
The digital lender will benefit from CardUp's range of payment technologies and solutions, further expanding its financial services ... |
| 23.06.2022 | Singapore SMEs Struggle Securing Financing | In Singapore, small and medium-sized enterprises (SMEs) are struggling to secure sufficient financing from traditional lenders, with most still largely relying on their personal networks to support their business, findings from a new study ... |
| 22.06.2022 | Singapore’s Funding Societies acquires local payments firm CardUp | AcquisitionsFintechNewsStartups
Aditya Hadi Pratama · 1d ago · 2 min readSingapore’s Funding Societies acquires local payments firm CardUp
Funding Societies, a Singapore-based digital financing platform, is set to acquire local fintech firm... |
| 25.05.2022 | Funding Societies launches Shariah-compliant financing products | FintechNewsStartups
Jenina Ibañez · 25 May 2022 · 1 min readFunding Societies launches Shariah-compliant financing products
Funding Societies, a digital financing company headquartered in Singapore, is launching new Shariah-compliant trade ... |
| 26.04.2022 | Funding Societies, Carro announce investment into Indonesia’s Bank Index | InvestmentsNewsStartups
Aditya Hadi Pratama · 26 Apr 2022 · 2 min readFunding Societies, Carro announce investment into Indonesia’s Bank Index
Singapore-based fintech firm Funding Societies and used-car platform Carro have announced their i... |
| 13.04.2022 | Dedoco partners Funding Societies to offer Sign with Singpass, further simplifying KYC process for the FinTech's MSMEs | SINGAPORE, April 13, 2022 /PRNewswire/ -- Dedoco, a decentralised digital document and workflow management platform today announced that it has partnered Funding Societies, Southeast Asia's largest SME digital financing platform to enable m... |
| 16.03.2022 | Funding Societies Announces US$16M ESOP Buyback for Former and Existing Employees | The announcement follows the Company's recent US$294m Series C+ equity and debt funding round and will be its fourth ESOP Buyback
SINGAPORE, 16 March, 2022 /PRNewswire/ -- Funding Societies (also known as Modalku in Indonesia), Southeast As... |
| 15.03.2022 | Funding Societies launches $16m ESOP buyback program | ManagementNewsStartups
Miguel Cordon · 16 Mar 2022 · 2 min readFunding Societies launches $16m ESOP buyback program
Singapore-based Funding Societies, a financing platform for small and medium-sized enterprises, announced a US$16 million ES... |
| 07.03.2022 | Funding Societies taps MatchMove for MSME credit access | Business-to-businessFintechNews
Roehl Niño Bautista · 9 Mar 2022 · 1 min readFunding Societies taps MatchMove for MSME credit access
Funding Societies, a digital financing platform focused on Southeast Asia, has picked banking-as-a-service ... |
| 03.03.2022 | 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 op... |
| 03.03.2022 | Funding Societies unveils Virtual Card Elevate, addressing 80% of MSME corporate credit card gap | SINGAPORE, March 3, 2022 /PRNewswire/ -- Funding Societies, Southeast Asia's largest SME digital financing platform, today announced that it has launched Elevate, a virtual card solution for micro, small and medium enterprises (MSMEs) in Si... |
| 17.02.2022 | SME financing platform Funding Societies raises $294m in equity and debt | Funding Societies (known as Modalku in Indonesia), which claims to be Southeast Asia’s largest SME digital financing platform, has raised $144 million in an oversubscribed Series C+ equity round.
Kelvin Teo, Funding Societies’ co-founder an... |
| 16.02.2022 | 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 le... |
| 16.02.2022 | Funding Societies Raises $294 Million To Back Southeast Asia’s SMEs | Small businesses are the backbone of the global economy – the entrepreneurial and innovative enterprises that will power the recovery from the Covid-19 pandemic. But small businesses the world over suffer from the same problem: all too ofte... |
| 16.02.2022 | Funding Societies raises US$294m to fuel expansion plans in Southeast Asia | Southeast Asia's largest SME digital financing platform raises US$144 million Series C+ equity and US$150 million debt lines from financial institutions in Europe, the United States, and Asia.
The round is led by SoftBank Vision Fund 2, wit... |
| 16.02.2022 | Funding Societies raises $144m in Series C+ round led by SoftBank Vision Fund 2 | Southeast Asian online lending platform Funding Societies, popularly known as Modalku in Indonesia, has raised $144 million in its Series C+ round and $150 million in debt to fuel its Southeast Asian expansion, according to a statement on W... |
| 16.02.2022 | 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... |
| 15.02.2022 | SME lender Funding Societies raises $144M led by SoftBank Vision Fund 2, plus $150M in debt lines | Small businesses are the backbone of Southeast Asia’s economy, but many struggle to secure working capital loans because they don’t have traditional credit records or collateral, say the founders of Funding Societies. The fintech, which cla... |
| 14.12.2021 | 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 centr... |
| 24.11.2021 | Funding Societies: Survey reveals 72% of MSMEs in SEA boosted revenue with digital financing | SINGAPORE, Nov. 24, 2021 /PRNewswire/ -- Funding Societies, Southeast Asia's largest SME digital financing platform, today released its regional Impact study. To mark half a decade of the FinTech's lending, its 2020 survey measures the soci... |
| 07.10.2021 | Funding Societies raises US$18m Debt from Japanese and Singaporean Impact Investors, on track to raise US$120m | SINGAPORE, Oct. 7, 2021 /PRNewswire/ -- Funding Societies, Southeast Asia's largest SME digital financing platform, today announced that it has raised US$18 million in debt led by a trio syndicate of financial institutions including Helicap... |
| 06.10.2021 | 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 cred... |
| 15.12.2020 | 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 conglomer... |
| 09.09.2020 | 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... |
| 03.05.2018 | Top 15 Most Well-Funded Southeast Asian Fintech Companies | The financial services industry in Southeast Asia is rapidly evolving as a result of disruption from new-age fintech companies.
The rapid adoption of fintech innovation in the region has been fueled by the rapidly expanding expanding econom... |
| 18.04.2018 | Funding Societies Raises $25 Million Series B Funding. Largest P2P Lending Funding in SEA | Leading peer-to-peer lending platform Funding Societies (also known as Modalku in Indonesia), has raised USD 25 Million in Series B funding.
Led by Softbank Ventures Korea, the funding round also includes existing investors Sequoia India, A... |
| 18.04.2018 | Funding Societies Raises $25M in Series B Funding | Funding Societies (also known as Modalku in Indonesia), a Singapore-based peer-to-peer (P2P) lending platform, raised $25M in Series B funding.
The round was led by SoftBank Ventures Korea, with participation from existing investors Sequoia... |
| 18.04.2018 | P2P lender Funding Societies raises $25m in Series B round led by SoftBank Korea | Premium
Peer-to-peer (P2P) lending platform Funding Societies has raised $25 million in a Series B funding round led by SoftBank Ventures Korea, in what could perhaps be the largest financing round for a P2P lender in Southeast Asia.
Contin... |
| 17.04.2018 | Funding Societies, a Southeast Asian lending platform, gets $25M Series B led by Softbank Ventures Korea | Funding Societies co-founders Reynold Wijaya and Kelvin Teo.
Funding Societies, a peer-to-peer lending platform in Southeast Asia, said today that it has raised a $25 million Series B led by Softbank Ventures Korea, the Japanese tech conglo... |
| 26.02.2018 | Hot Fintechs in Southeast Asia and Hong Kong 2017 | Here is a summary of our Hot Fintech articles from 2017 for South East Asia and Hong Kong. We will update this list soon. Stay tuned. Singapore
CashShield
Established in 2007, CashShield is a transaction fraud detection service that leverag... |
| 19.12.2017 | Singapore’s P2P Lending Platforms and Industry: an Overview | Southeast Asia’s alternative lending space, although relatively small when compared with the likes of the UK, the US, or China, has witnessed significant growth in recent years, led predominantly by increased activity Singapore.
Alternative... |
| 27.09.2017 | Interns from Funding Societies introduce Miyu, the friendly Crowdfunding Chatbot | Funding Societies, Singapore’s and Southeast Asia’s leading crowdfunding platform, has announced the launch of its chatbot Miyu. This is the first such chatbot created by a crowdfunding company in Southeast Asia. Miyu works round the clock ... |
| 18.11.2016 | The 10 FinTech Award Singapore Winners, 250’000 goes to…. | The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) awarded 10 FinTech companies a total of S$1.15 million at the FinTech Awards. Organised as part of the Singapore FinTech Festival, the FinTech Awards ... |
| 31.10.2016 | Singapore Fintech Awards 2016 Announces 40 Finalists | Singapore FinTech Awards 2016, comprising the MAS FinTech Award and ABS Global FinTech Award, will be part of the inaugural Singapore FinTech Festival that will be held during 14 – 18 November 2016.
The Awards recognise innovative FinTech s... |
| 11.08.2016 | Singaporean Fintech Company Funding Societies Raises S$10M in Series A Funding | Funding Societies, a Singapore-based peer-to-business lending marketplace, raised S$10m in Series A funding.
The round was led by Sequoia India with participation from Alpha JWC Ventures and other investors.
The company intends to use the f... |
| 08.08.2016 | Funding Societies raises $7.5M for its loan marketplace in Southeast Asia | Look! Another notable funding round for a fintech startup in Southeast Asia, after Singapore-based Funding Societies raised a $7.5 million Series A round for its take on marketplace lending.
Sequoia India — the VC firm’s fund that invests i... |
| 04.08.2016 | Sequoia India leads $7.45m Series A investment into P2P lending platform Funding Societies | Premium
Funding Societies, a peer-to-business (P2B) lending marketplace, has secured a S$10 million ($7.45 million) Series A investment, led by Sequoia India and the round also participation from includes Harvard University experts and exis... |
| 29.06.2016 | Asia’s Top 7 Peer-to-Peer Lending Platforms | Peer-to-peer (P2P) lending is the loan of money to individuals or businesses through online services that match lenders directly with borrowers without going through a traditional financial intermediary such as a bank.
P2P lending first app... |
| - | Singapore's Funding Societies raises $144 million in SoftBank-led equity round | By Anshuman Daga
SINGAPORE (Reuters) -Funding Societies, a Southeast Asian digital financing platform, has raised $144 million equity in a funding round led by SoftBank Group Corp's SoftBank Vision Fund 2, as it expands in one of the fastes... |
| - | Funding Societies launches in Vietnam | FintechInvestmentsNewsStartups
Xavier Kong · 1d ago · 1 min readFunding Societies launches in Vietnam
Funding Societies, the Singapore-based digital financing platform, has made its fifth market expansion by entering Vietnam.
From left: Die... |
