Funding Societies raises US$27m to expand SME financing
Funding Societies | Modalku, the largest unified SME digital finance platform in Southeast Asia, announced it has successfully raised debt of US$27m led by Asia-focused private credit financier AlteriQ Global, with multi-family office Aument Capital Partners (ACP), and sustainability-focused fund Orange Bloom who also invested in this debt funding round. The funds will be channelled via Funding Societies' broad range of tailored financing solutions to support the underserved SME segments in the five markets it operates in.
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Posted on Sep 26, 2023 Region: Singapore
Fintech SME finance, finance platform, digital finance, ESG, sustainable finance, ESMS, Funding Societies, AlteriQ Global, Aument Capital Partners, Orange Bloom, Kelvin Teo, Zhi Yong Heng
