SoftBank leads $144m investment in Singapore lending startup

Funding Societies to expand operations to Philippines in 12 months

20220216 SBG and Funding Societies

Singapore-based digital lending startup Funding Societies operates in Singapore, Thailand, Malaysia and Vietnam, as well as in Indonesia under the brand Modalku. (Source photos by Reuters and courtesy of Funding Societies) 

WATARU SUZUKI, Nikkei staff writer

TOKYO -- Singapore-based digital lending startup Funding Societies on Wednesday said it raised $144 million from a group of investors led by SoftBank Group to expand further across Southeast Asia, including the Philippines.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.