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Funding Societies acquires CardUp, drives payments expansion

Acquisition of the digital payments platform will take place in June and is subject to regulatory approvals The digital lender will benefit from CardUp's range of payment technologies and solutions, further expanding its financial services beyond lending SINGAPORE, June 29, 2022 /PRNewswire/ Funding Societies, Southeast Asia's largest Small and Medium Enterprises (SME) digital financing platform, today announced that it is acquiring regional payments solution, CardUp, for an undisclosed amount . Through the move, the company will acquire CardUp's payments capabilities such as card payments to non-card accepting recipients (domestic and cross-border), online payments acceptance, invoice automation tools as well as its licenses and integrations with renowned third-party business software. CardUp's payment services will complement Funding Societies' lending products, to offer a unified financial experience for SMEs across the region, enabling SMEs to manage and pay ex ....

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