Led · Debt Financing · Jun 2024

Hubble is a technology company serving the built environment sector. It has developed a progress-to-payment platform that integrates construction management with financial services, enabling property developers and contractors to execute early payments based on verifiable progress data. The platform provides liquidity to the construction supply chain by allowing subcontractors to request on-demand early payments through streamlined applications, transparent fees, and quick funding. Hubble secured a USD 5 million private debt facility from AlteriQ Global. The funding will accelerate growth of its financial services division. Hubble's product focuses on improving cash flow and payment transparency for developers, contractors, and subcontractors. Hubble is a software platform designed to unify architects, construction firms, contractors and suppliers and digitalize operations across the building life cycle. It integrates design, fabrication and construction workflows and offers features such as biometric facial identity management, fleet management, automatic floorplan reading, real-time alerts for high-risk activities, and sentiment detection during negotiations. The platform supports coordination and tracking of PPVC (prefabricated prefinished volumetric construction) deliveries to speed up assembly and installation. Hubble says it has signed up more than 1,000 companies and employs 51 people, mostly software engineers. It won a bid to design a COVID-19 safety platform for construction sites and delivered it in three months, which helped onboard many users. The company has been awarded a grant from Singapore’s BCA and IMDA and is positioning its product to drive integrated digital delivery and wider adoption across the conservative construction sector.

Led · Debt Financing · Sep 2023

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.