Funding Societies operates a digital platform that uses alternative data to provide faster-turnaround, lower-cost financing to underserved SMEs in Malaysia. The company has disbursed close to MYR 7 billion in financing to more than 10,000 Malaysian businesses. Its platform enables scaled delivery of working capital and other credit products by digitizing credit assessment and execution. Funding Societies has an existing partnership with MDV that began in 2022 and has now been extended via a multi-year facility announced in this deal. The company and MDV say the partnership aims to widen financing access for technology-based and growth-oriented SMEs and to support broader economic impacts such as job creation. Funding Societies will continue exploring further collaborations with MDV to support SME financing needs.

Total raised

$554M

Funding rounds

14

Latest round

Equity

Latest activity

Dec 2024