Tag: Funding Societies

Key FinTech investment stats in Singapore: • Singaporean FinTech companies raised 232 deals in 2022, a new record for the country • FinTech funding in the...

Funding Societies, which claims to be Southeast Asia's largest small and medium enterprises (SME) digital financing platform, has secured a $50m credit facility.

Funding Societies, an SME lending platform aimed at Southeast Asia, has closed its oversubscribed Series C+ round on $144m.

FinTech companies in the country raised $479m in the first quarter of the year across 39 deals

Lack of deals over $50m resulted in a 58.6% decline in funding last year

Latin American ventures, Iron Man-backed enterprises and buy now pay later startups among the big winners of the 29 FinTech funding rounds reported on last week.

Dutch-based crowdfunding platform Lendahand has deployed €5m into Singapore-based Funding Societies to invest in underserved SMEs.

As the year draws to a close, most people will be happy to see the back of it. However, these 29 FinTechs managed to end 2020 on a high by raising funding last week.

Southeast Asia SME lending platform Funding Societies has received an investment from Samsung Venture Investment Corporation.

The AMTD Singapore Solidarity Fund has completed the first five FinTech investments of its new S$50m ($36.7m) fund.