Singapore-headquartered Funding Societies, which is currently Southeast Asia’s largest digital financing platform for SMEs, has received a US$50 million credit line from HSBC Singapore. These funds will be utilized for expanding the online lending platform’s reach by extending loans to underserved SMEs in the region. Funding Societies currently offers a range of financing solutions, including microloans, invoice financing, supply chain financing, term loans, property-backed secured financing, and revolving credit facility. Meanwhile, it caters to SMEs in five different markets – namely Singapore, Malaysia, Thailand, Vietnam, and Indonesia. Until now, Funding Societies has disbursed loans of over US$2.6 billion via more than 5.1 million transactions.
FinTech’s Green Revolution: Nurturing Sustainable Practices Among Small Businesses
BY Triterras
- 09/04/24
Ashish Srivastava, our Triterras' Chief Commercial Officer shares in-depth with Intelligent Fin.Tech, a global technology intelligence platform which gathers the latest financial information, on how FinTech has emerged as a crucial catalyst, motivating and supporting small to medium enterprises on their path towards environmental responsibility through sustainable trade finance.