Singapore based SMB financing platform raised $144m in Series C funding led by SoftBank Vision Fund 2.
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Funding Societies raises $144m in Series C funding
“SMEs across Southeast Asia have historically struggled to access institutional finance and instead been forced to mainly rely on personal funding to support growth. Funding Societies is establishing a bridge for these companies to access more sustainable and cheaper financing by building unique data sets on their performance and using AI-led technology to assess their creditworthiness more effectively than traditional models.”
