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SoftBank leads US$294m fundraise for Singapore lender Funding Societies

  • Portfolio company
  • February 17, 2022

By Jeremy Soh, Anqi Chen, Weisheng Neo

Tags: Data, Consumer Insights

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Funding Societies has raised US$144 million in an oversubscribed Series C+ equity round led by SoftBank Vision Fund 2 and borrowed US$150 million from institutional lenders across Europe, the US and Asia, securing a total funding of US$294 million.

New investors joined the company’s equity funding round, including Vietnamese tech unicorn VNG Corporation, Asia-based global investor EDBI, Rapyd Ventures, Indies Capital, K3 Ventures and Ascend Vietnam Ventures, it said.

Read more at: https://www.businesstimes.com.sg/garage/softbank-leads-us294m-fundraise-for-singapore-lender-funding-societies

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