SME Centre@SMF’s Post

Funding Societies | Modalku Group has raised US$25 million in equity investment from Cool Japan Fund クールジャパン機構. The investment from CJF signifies the fund's first investment into a FinTech company in Southeast Asia. Funding Societies will funnel the investment to deepen its core business in SME financing across its five markets - Singapore, Indonesia, Malaysia, Thailand, and Vietnam - whilst further expanding its payment business since embarking on it in 2022. 👉 Subscribe to our weekly LinkedIn newsletter, the "Japan FinTech Observer", here: https://lnkd.in/gNjUuSxG Read more: https://lnkd.in/ggsMrUYP

Funding Societies | Modalku Group | Modalku (Funding Societies), the largest unified SME (small and medium enterprises) digital finance platform in Southeast Asia, today announced that it has raised US$25 million in equity investment from Cool Japan Fund クールジャパン機構(CJF) – Japan's sovereign wealth fund. The investment from CJF signifies the fund's first investment into a Fintech company in Southeast Asia. Funding Societies will funnel the investment to deepen its core business in SME financing across its five markets (Singapore, Indonesia, Malaysia, Thailand and Vietnam); whilst further expanding its payments business since embarking on it in 2022. Having served SMEs in fulfilling their business potential for a decade, the company will focus on helping businesses get paid faster through innovative receivables and financing solutions. It will also leverage technology and AI to digitise and automate lending origination processes. These initiatives and synergies between payments and lending align with the company's growth and profitability objectives. Annually, Japanese direct investment in the ASEAN region averaged about US$18.6 billion[1]. Furthermore, there are approximately 15,000 business establishments set up by Japanese companies in the region. In a 2024 survey conducted by the Japan Bank for International Cooperation[2], asking 500 Japanese companies their top 10 promising countries for overseas business development, ASEAN countries made up half the list. Through this investment, Funding Societies will also embark on a partnership with CJF, leveraging the former's strong track record in serving SMEs in Southeast Asia, to provide financial services to support Japanese companies. The partnership will foster positive commercial relations for Japanese companies and local SMEs in the region, and help expand overseas demand for attractive products and services unique to Japanese lifestyle and culture by supporting the overseas business expansion of Japanese companies engaged in providing them. Tsubasa Rai Jun Karato Hidenori Sasaki Satoshi Uchikawa Kenichi Sawaya Tomohito Ishihara Kelvin Teo, CPA ☀️ Reynold Wijaya #FundingSocieties #Modalku

Singapore stands as a vibrant innovation hub for #ASEAN where many businesses choose to begin their journey and expand regionally. As a way to support these entrepreneurs on their journey, we are pleased to announce a US$150 million Venture Debt offering in Singapore to help scale up high-growth businesses backed by venture capital or private equity investors. This is alongside the launch of the US$1 billion ASEAN Growth Fund, underscoring our dedication to nurturing Singapore’s burgeoning new economy businesses from seed to maturity. Learn more from Amanda Murphy and Priya Kini in The Business Times here: https://grp.hsbc/6045Z2jRb #HSBCASEAN #ASEANInternationalBank #VentureDebt #innovation #growth #businessgrowth

The cost of capital has risen and the financing environment has become more challenging for innovative companies in Southeast Asia, making it harder for some to extend their funding runways. Government support programmes across Southeast Asia are a valuable resource, and HSBC is committed to supporting new economy businesses in the region and smart changes to strategy can make a difference. Looking ahead, Southeast Asia’s strong fundamentals will continue to attract investors – and there are signs that financing conditions may ease. Read more on how you can best access capital across ASEAN. https://grp.hsbc/6041bZN01 #HSBCASEAN #ASEANInternationalBank #Innovation #Growth #BusinessGrowth

Funding Societies, a prominent fintech company based in Singapore, has been actively involved in securing investments to enhance its operations and expand its services for small and medium-sized enterprises (SMEs) across Southeast Asia.

TransferGo Announces Strategic Investment From Taiwania Capital to Boost Growth in Asia Pacific “Our mission is to create a fairer world for the global citizens. The recent investment opens a new chapter for our company, enabling us to accelerate growth in Asia-Pacific by providing people with more opportunities for fairer financial services. Additionally, we will continue investing in broadening our product development and bringing more value to our customers worldwide,” says Daumantas Dvilinskas, TransferGo Co-Founder and CEO. “The doubling of our company’s valuation, considering the problematic capital market conditions, validates our robust business model and positions us among the fastest-growing consumer finance service brands worldwide.” David Weng https://lnkd.in/eTA5pBtr #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

The cost of capital has risen and the financing environment has become more challenging for innovative companies in Southeast Asia, making it harder for some to extend their funding runways. Government support programmes across Southeast Asia are a valuable resource, and HSBC is committed to supporting new economy businesses in the region and smart changes to strategy can make a difference. Looking ahead, Southeast Asia’s strong fundamentals will continue to attract investors – and there are signs that financing conditions may ease. Read more on how you can best access capital across ASEAN. https://grp.hsbc/6040b5isu #HSBCASEAN #ASEANInternationalBank #Innovation #Growth #BusinessGrowth

The cost of capital has risen and the financing environment has become more challenging for innovative companies in Southeast Asia, making it harder for some to extend their funding runways. Government support programmes across Southeast Asia are a valuable resource, and HSBC is committed to supporting new economy businesses in the region and smart changes to strategy can make a difference. Looking ahead, Southeast Asia’s strong fundamentals will continue to attract investors – and there are signs that financing conditions may ease. Read more on how you can best access capital across ASEAN. https://grp.hsbc/6040eDtL2 #HSBCASEAN #ASEANInternationalBank #Innovation #Growth #BusinessGrowth

This The Recursive analysis for the first half of 2024 reveals that funding in the CEE region has surged to over €1.15B, with the Czech Republic leading in funding value. #funding #venturecapital #cee #investment #analysis #ceestartups

The cost of capital has risen and the financing environment has become more challenging for innovative companies in Southeast Asia, making it harder for some to extend their funding runways. Government support programmes across Southeast Asia are a valuable resource, and HSBC is committed to supporting new economy businesses in the region and smart changes to strategy can make a difference. Looking ahead, Southeast Asia’s strong fundamentals will continue to attract investors – and there are signs that financing conditions may ease. Read more on how you can best access capital across ASEAN. https://grp.hsbc/6045bLKZt #HSBCASEAN #ASEANInternationalBank #Innovation #Growth #BusinessGrowth