Funding Societies raises US$25M to further expand payments business in SEA

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The story "Funding Societies raises US$25M to further expand payments business in SEA" was covered 6 days ago by e27, a news publisher based in Singapore.

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Funding Societies raises US$25M to further expand payments business in SEA - e27

Quick Summary:

Digital finance platform Funding Societies | Modalku (Funding Societies) today announced that it has raised US$25 million in equity investment from Japan’s sovereign wealth fund Cool Japan Fund (CJF), marking the fund’s first investment into a fintech company in Southeast Asia (SEA).

In a press statement, Funding Societies said it will focus on helping businesses get paid faster through innovative receivables and financing solutions.

It has processed an annualised payments gross transactions value (GTV) of over US$1.4 billion since expanding into its payments business in 2022.