Funding Societies: Raises $294m to fuel expansion plans in Southeast Asia

Funding Societies: Raises $294m to fuel expansion plans in Southeast Asia

• Funding Societies the largest SME digital financing platform in Southeast Asia, expanding into a leading SME neobank
• Announced that it has raised* US$144 million in an oversubscribed Series C+ equity round led by SoftBank Vision Fund 2
• The company also received US$150 million in debt lines from institutional lenders across Europe, the United States, and Asia
• The funds solidify Funding Societies’ position as a market leader in digital financing, and propels its expense management
• Its latest fundraise also provides US$16 million to former and existing employees via the company’s stock option plan
• The FinTech company solves MSMEs’ key pain points for growth, starting with the region’s US$300 billion