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Funding Societies | Modalku, the Singapore-based small and medium enterprise (SME) digital financing platform, has on Wednesday announced that its Thai business (Funding Societies Thailand) has reached THB1 billion ($27.8 million) in loan disbursements to small businesses in the country for year-to-date 2022.
Red Dot Payment has received another $4 million from its biggest shareholder, PayU.
Fintech startup PayVEDA has raised $11.5m in a Series A funding round.
Fintech-as-a-service platform Decentro, backed by Y Combinator, has raised $4.7 million in a Series A funding round led by Rapyd Ventures.
Funding Societies has appointed Chai Kien Poon as the country head of Malaysia.