Funding Societies

Funding Societies partners VPBank to facilitate SME financing access in Vietnam

The company will connect potential borrowers to VPBank through its new financing application, SmartSME

Strengthening ties between South-east Asia and Japan is part of this partnership, said Kelvin Teo, Funding Societies group CEO and co-founder.

Funding Societies raises US$25 million from sovereign wealth fund Cool Japan Fund

Their partnership will tap the 15,000 business establishments set up by Japanese companies in South-east Asia

Harish Venkatesan, head of corporates and business banking, HSBC Singapore (left), and Kelvin Teo, co-founder and group CEO, Funding Societies.

Funding Societies secures third credit facility from HSBC, taps latter’s US$1 billion Asean war chest

The new facility is expected to increase the digital finance platform’s reach in financing micro, small and medium enterprises in Asean

Funding Societies group chief executive and co-founder Kelvin Teo says that the tie-up will help extend credit access to businesses facing cash-flow management problems.

Fintech platform Funding Societies obtains investment from Maybank

It is part of the bank’s move to extend its outreach to MSMEs across South-east Asia

Funding Societies group chief executive and co-founder Kelvin Teo notes that micro, small and medium enterprises represent 97 per cent of business establishments in Malaysia and contribute 38 per cent to gross domestic product.

Funding Societies obtains investment from Khazanah, CGC Digital

FUNDING Societies obtained an undisclosed amount of strategic investment from Malaysia sovereign wealth fund Khazanah Nasional and CGC Digital, the digital arm of Credit Guarantee Corporation.

Kelvin Teo (left), Funding Societies co-founder and group CEO; and Fay Chetnakarnkul, Norfund's regional director (Asia).

Fintech platform Funding Societies raises US$7.5 million in debt funding

DIGITAL finance platform Funding Societies has raised US$7.5 million in debt funding from development financial institution Norfund, it said on Thursday (Nov 2).

Funding Societies co-founder and group chief executive Kelvin Teo says the fintech will continue to deepen its financing propositions across its five operating markets.

Funding Societies raises US$27 million in debt from institutional investors

Funding Societies has raised US$27 million in debt funding led by Asia-focused private credit financier AlteriQ Global.

Last year, the Singapore Exchange mandated climate reporting for listed companies and the Monetary Authority of Singapore launched a portal for companies to report ESG data.

To green South-east Asia, help SMEs fund their sustainability efforts

Amid tough market conditions, smaller players may pick survival over sustainability. Can the industry change that?

Funding Societies is co-investing with Carro into Indonesian bank, Bank Index, to further their fintech ambitions.

Funding Societies co-invests with Carro for a stake of Indonesian bank Bank Index

SMALL and medium-sized enterprise (SME) financing platform, Funding Societies, has co-invested an undisclosed amount together with used car marketplace, Carro, into Indonesian bank, Bank Index Selindo...

(from left) Funding Societies group CEO Kelvin Teo and CardUp founder and CEO Nicki Ramsay.

Funding Societies to acquire payments startup CardUp

FUNDING Societies, a digital financing platform for small and medium enterprises (SMEs), said it is acquiring payments startup CardUp for an undisclosed amount in a cash-and-shares deal.