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Singapore's Funding Societies receives Samsung Venture infusion

Digital lending startup plans to expand its tech team with hires across Asia

Asia's SME loan portfolios are forecast to expand at a 9.1% compound annual rate, to $23 trillion in 2025.   © Reuters

SINGAPORE -- Samsung Venture Investment led a funding round in Funding Societies, a peer-to-peer digital lending platform also known as Modalku in Indonesia, the company said in a statement on Wednesday.

Crunchbase said the fundraising was a venture round, which comes after a funding round in September and a Series C in June.

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