Helps SME merchants on the Lazada platform in need of working capital.
Funding Societies collaborates with e-commerce platforms to widen micro-financing access.
Its first ever accelerator for the Bank Negara initiative.
Plans to use this fresh capital to further grow Malaysian operations.
Launched by Fave in collaboration with Grab, Maybank, MDEC, Funding Societies and Productivity Nexus for Retail & F&B.
Modern, AI-powered SaaS platform that simplifies business travel and automates expense reporting for businesses in Asia.
Grab, Funding Societies, InstaReM, KyberNetwork, Ten X, Singapore Life enter the list.
SMEs can receive funds upfront for their customer invoices, with up to 80% of invoice value and a term range of 30 to 120 days.
Sixty percent of the fund is already committed.
Volume doubles in six months after crossing funding of US$73 million in January 2018.