We are thrilled to announce that Funding Societies, one of Southeast Asia’s leading digital finance platforms and a proud portfolio company of Qualgro Partners, has secured a strategic investment from Maybank. In conjunction with this investment, Maybank will explore collaborative synergies with Funding Societies to promote inclusivity and bridge funding gaps within the communities it serves.
Since its inception in 2015, Funding Societies has been instrumental in disbursing over US$4 billion to more than 100,000 businesses across Malaysia, Singapore, Indonesia, Thailand, and Vietnam. This new collaboration with Maybank is set to further expand their impact, empowering MSMEs by improving access to critical funding and driving economic growth in Southeast Asia.
Co-founder and Group CEO of Funding Societies, Mr Kelvin Teo expressed, “We are honoured by Maybank’s support, reflecting a shared commitment to serve MSMEs in Southeast Asia. This partnership reaffirms our dedication to extending credit access to underserved MSMEs that face cash flow management challenges – an area we are progressively expanding to help these businesses fulfil their business potential.”
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First published on PR Newswire on 11 Sep 2024
