Funding Societies, Southeast Asia’s biggest digital financing platform for small and medium-sized firms, has raised $294 million in its latest funding round to finance expansion plans.
The Singapore-headquartered lending platform raised $144 million in a Series C+ equity round led by SoftBank Vision Fund 2, according to a statement. New investors include Vietnamese tech giant VNG Corp., Rapyd Ventures, EDBI, Indies Capital, K3 Ventures, and Ascend Vietnam Ventures. Existing investors such as Sequoia Capital India and BRI Ventures also participated in this round, according to the statement.
