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Fintech

Maybank Bets Big on Digital Finance for SMEs

Rary Maharani
Last updated: September 16, 2024 1:06 am
Rary Maharani
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1 Min Read
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  • Maybank invests in Funding Societies
  • Partnership aims to boost MSME financing across Southeast Asia
  • Focus on financial inclusivity and digitalization

Contents
Banking Giant Embraces FinTech InnovationBridging the MSME Funding GapA Win-Win for Southeast Asian Economies

Banking Giant Embraces FinTech Innovation

Malayan Banking Berhad (Maybank) has made a strategic move by investing in Funding Societies, a leading digital finance platform for micro, small and medium enterprises (MSMEs) in Southeast Asia.

Bridging the MSME Funding Gap

This partnership aims to promote financial inclusivity and address funding challenges faced by MSMEs. It’s part of Maybank’s M25+ strategy to accelerate digitalization through ecosystem orchestration beyond traditional banking.

A Win-Win for Southeast Asian Economies

Khairussaleh Ramli, Maybank’s CEO, emphasized their commitment to SMEs – the backbone of ASEAN economies.

By combining Maybank’s banking expertise Funding Societies’ innovative platform, they hope to create a robust SME ecosystem.

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