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

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.

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.

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.

Kelvin Teo has started Funding Societies in 2015 after meeting his co-founder at Harvard Business School.

5 Questions with Kelvin Teo, fintech man on a mission

STARTUP and crises often go hand in hand. Be it tackling a black swan event such as Covid-19 or navigating a sudden change in the operating environment, overcoming near-death experiences are a rite of...

SoftBank leads US$294m fundraise for Singapore lender Funding Societies

SoftBank leads US$294m fundraise for Singapore lender Funding Societies

FUNDING Societies has raised US$144 million in an oversubscribed Series C+ equity round led by SoftBank Vision Fund 2 and loaned US$150 million from institutional lenders across Europe, the US and Asi...

Funding Societies partners Haulio to provide ready credit to hauliers

Funding Societies partners Haulio to provide ready credit to hauliers

SOUTH-EAST Asia's largest SME digital financing platform, Funding Societies, is partnering Singapore's leading haulier network, Haulio, to speed up payments to the latter's fleet of haulier partners a...