KUALA LUMPUR: Funding Societies | Modalku, Southeast Asia's largest SME digital finance platform, has secured US$25 million (RM112 million) in equity investment from Cool Japan Fund (CJF) Japan's sovereign wealth fund.
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Funding Societies secures RM112mil funding from Japan sovereign wealth fund

SINGAPORE -- Funding Societies, a Singapore-based fintech startup backed by SoftBank Group's Vision Fund, has raised $25 million from a Japanese gover

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Singapore's Funding Societies raises $25m from Japan fund

Small and medium-sized enterprises (SMEs) account for nearly 50% of Southeast Asia’s GDP, contributing to job creation, innovation, and overall economic expansion. Nevertheless, as in other parts of the world, SMEs in Southeast Asia face challenges when it comes to sufficient working capital. In a nutshell, SMEs are typically deemed too risky for traditional banks to lend to them, so those banks charge high rates, if they approve them at all. Ke…

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'We want to pay it forward': Funding Societies raises $25M to boost capital for SMEs in Southeast Asia

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SINGAPORE -- Funding Societies, a Singapore-based fintech startup backed by SoftBank Group's Vision Fund, has raised $25 million from a Japanese government-linked fund to expand its digital lending and payments businesses in Southeast Asia, the company announced on Thursday.
The latest investment…

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

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

CJF's injection kicks off Funding Societies' 10th year track record in serving SMEs in Southeast Asia Investment bridges gap for Southeast Asia's SMEs supporting Japanese companies' overseas expansion SINGAPORE, Dec. 19, 2024 /PRNewswire/ -- Funding Societies | Modalku (Funding Societies),...

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Funding Societies secures investment from Cool Japan Fund

Funding Societies | Modalku, a Southeast Asian SME digital finance platform, has raised a US$25 million equity investment from Cool Japan Fund (CJF), Japan’s sovereign wealth fund. This marks CJF’s first investment in a fintech company in the region. The investment will be used to strengthen Funding Societies‘ core business of SME financing across its five markets (Singapore, Indonesia, Malaysia, Thailand, and Vietnam) and to further expand its …

Fintech Singapore

Cool Japan Fund Invests US$25 Million in Funding Societies - Fintech Singapore

Swipey raises funding from 1337 Ventures to enhance SME financial tools Malaysia-based fintech platform Swipey has secured an undisclosed investment from 1337 Ventures. This funding fuels Swipey’s mission to simplify financial management for small and medium enterprises.. With features like real-time expense dashboards, corporate Visa cards, and automated financial processes, Swipey’s platform aims to help SMEs optimize operations and scale more…

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Deals in brief: Swipey raises funding from 1337 Ventures, Funding Societies secures USD 25 million, CATL eyes secondary listing in Hong Kong, and more

SmartAC.com, a Houston, TX-based company which specializes in customer loyalty management for contractors, raised an undisclosed amount in funding. The round was led by Mercury Fund, with follow on participation from existing investors, bringing the total amount to $42M. The company intends to use the funds to expand its platform and scale operations to further […] The post SmartAC.com Raises Funding; $42M in Total Capital appeared first on FinS…

FinSMEs

SmartAC.com Raises Funding; $42M in Total Capital

Funding Societies | Modalku, the largest unified small and medium enterprises (SME) digital finance platform in Southeast Asia, has on Thursday  announced that it has raised US$25 million in equity investment from Japan’s sovereign wealth fund Cool Japan Fund (CJF). The investment from CJF signifies the fund’s first investment into a Fintech company in Southeast Asia, Funding Societies said in a statement.  Funding Societies said it will funnel …

Funding Societies secures RM112mil funding from Japan sovereign wealth fund

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