“Funding Societies, the leading SME digital financing platform in Southeast Asia, is ending an eventful year by crossing the SGD 1 billion mark in SME loans. In line with the platform’s goal of responsible growth, Funding Societies expanded its loan volume by 3 times in the last 12 month while maintaining a default rate of 1.5%. This is the highest amount given out by any SME digital financing platform in Southeast Asia.
With presence in Singapore, Indonesia and Malaysia, Funding Societies has facilitated more than 1 million business loans to SMEs through a base of more than 150,000 individual and institutional investors in the last 4 years since inception in 2015. “
Read more at https://markets.businessinsider.com/news/stocks/funding-societies-surpasses-sgd-1-billion-in-sme-lending-1028720109
