Rapyd Ventures News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Funding Societies, the largest unified SME (small and medium enterprises) digital finance platform in Southeast Asia, announced a strategic partnership with Singapore E-Business (SGeBIZ) – a digital procurement, payment and sourcing platform provider – to bring B2B (business-to-business) embedded finance (EmFi) solutions to businesses in Singapore, that will channel Funding Societies' digital financing capabilities via the "Buy Now, Pay Later" (BNPL) feature offered within the latter's procureme

In Southeast Asia, about 70% of SMEs (small and medium enterprises) started their business with seed money raised from their personal savings and from family and friends' financial support – particularly in Indonesia, Malaysia and Singapore. This finding stood out from a report published by Funding Societies, Southeast Asia's largest unified SME digital finance platform.

Southeast Asian online lending platform Funding Societies, known as Modalku in Indonesia, has announced raising $27 million in debt funding.

Funding Societies raises US$27 million in debt funding from institutional investors to bridge credit gap for SMEs in Southeast Asia

A drought in global venture capital activity has not deterred startups across Asia from breaking new ground. This year’s Forbes Asia 100 to Watch list spotlights small companies and startups across the region that are targeting underserved markets or applying new technologies.