Tech Company Financing Transactions
Funding Societies Funding Round
On 2/25/2022, Funding Societies raised $144 million in Series C funding from SoftBank Vision Fund, Ascend Vietnam Ventures and Edbi.
Transaction Overview
Company Name
Announced On
2/25/2022
Transaction Type
Debt
Amount
$144,000,000
Round
Series C
Investors
Proceeds Purpose
Funding Societies' loan default rate is between 1% to 2%, even through the COVID-19 pandemic, which is why it was able to receive debt lines from so many institutions.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
112 Robinson Road Level 8
Singapore, 068902
Singapore
Singapore, 068902
Singapore
Phone
Website
Email Address
Overview
Funding Societies is the largest SME digital financing and debt investment platform in Southeast Asia
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Kelvin Teo
Chief Financial Officer
Frank Stevenaar
Chief Operating Officer
Iwan Kurniawan
Chief Technical Officer
Ishan Agrawal
Co-Founder
Reynold Wijaya
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Where The Data Comes From
We do our best to report on tech company VC transactions. VC investment data records on this site come from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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