Malaysia’s Funding Societies launches SME financing platform

Funding Societies, the largest small and medium-sized enterprises (SME) digital financing platform in Malaysia and Southeast Asia, announced Monday its latest enhanced product BizFund, to support creditworthy underserved Malaysian SMEs returning to their full economic potential as markets recover following the outbreak of the Covid-19 pandemic.

Funding Societies said in a statement that its zero-collateral BizFund provides Malaysian SMEs with financing up to RM300,000 (£55.8K) with repayment up to 18 months.

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