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Private Capital Markets

Funding Societies Pte Ltd / Private Capital Markets

<ul><li>Digital finance platform for SMEs in Southeast Asia, Funding Societies (Modalku in Indonesia), has secured US$7.5 million in debt funding from Norwegian government-owned development financial institution (DFI) Norfund.</li><li>The fintech lender will channel the funds via its tailored financing solutions to the SME segments across all five markets.</li><li>This is Norfund’s first debt transaction with a fintech SME lender in Southeast Asia.</li></ul>

Digital finance platform for SMEs in Southeast Asia, Funding Societies (Modalku in Indonesia), has secured US$7.5 million in debt funding from Norwegian government-owned development financial institution (DFI) Norfund.The fintech lender will channel the funds via its tailored financing solutions to the SME segments across all five markets.This is Norfund’s first debt transaction with a fintech SME lender in Southeast Asia.

Funding Societies raises US$7.5M debt financing from Norway’s state-owned Norfund | e27