In today’s briefing:
- SME Lender Funding Societies Nets US$27M Debt Funding
- Impact Investor LeapFrog Investments Joins Bolttech Captable with a US$50M Investment
SME Lender Funding Societies Nets US$27M Debt Funding
- Southeast Asian SME digital finance platform Funding Societies (known as Modalku in Indonesia) has secured US$27 million in debt funding led by AlteriQ Global.
- Aument Capital Partners (ACP) and Orange Bloom also invested.
- The funds will be channelled via the fintech startup’s tailored financing solutions to support the underserved SME segments in its five markets.
Impact Investor LeapFrog Investments Joins Bolttech Captable with a US$50M Investment
- Singapore-based insurtech company bolttech has raised US$50 million from impact investor LeapFrog Investments, bringing its total Series B round to US$246 million.
- bolttech will use the new capital to grow in emerging markets and expand its technology-enabled ecosystem for protection and insurance for emerging consumers.
- LeapFrog’s track record with tech-enabled insurance businesses in Africa and Asia will help bolttech to target its products to these growing markets.
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