Funding Societies said to have invested in Indonesia's Bank Index
Funding Societies recently raised $144 million in its Series C+ round and $150 million in debt to fuel its regional expansion.
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Funding Societies recently raised $144 million in its Series C+ round and $150 million in debt to fuel its regional expansion.
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Funding Societies (which goes by Modalku in Indonesia), a SME digital financing platform, announced that it has raised $144 million
RIYADH: Small and medium enterprise lender Funding Societies announced it has raised $144 million in a series C+ equity round by Softbank Vision Fund. The Southeast Asian fintech has also received $150 million in debt lines from institutional investors. Part of the funding will be distributed to former and existing employees through stock share buybacks, TechCrunch reported.
The funds provide support for SE Asia expansion as well as a $16 million for share buyback.