Qualgro’s portfolio company Funding Societies secured a strategic investment from Khazanah Nasional Berhad and CGC Digital (the digital arm of Credit Guarantee Corporation Malaysia Berhad CGC Malaysia) in Malaysia.
This significant investment aims to broaden financing access to unserved and underserved businesses, further extending our reach across Malaysia and the region to propel the growth of MSMEs.
“We are honoured to receive support from Khazanah and CGC Digital, who share our conviction to impact and MSMEs. This is a testament to our commitment towards extending credit to reach more underserved MSMEs. We would also progressively offer MSMEs more cash flow management solutions to power their growth,” said Kelvin Teo, CPA ☀️, Co-founder and Group CEO of Funding Societies | Modalku Group.
Read more here: https://www.businesstimes.com.sg/startups-tech/startups/funding-societies-obtains-investment-khazanah-cgc-digital
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First posted on The Business Times on 3 Jan 2024
