- Singapore’s digital lender, Funding Societies, secured investment from Malaysian sovereign fund Khazanah to expand operations.
- Previous funding rounds included Softbank.
- Funding Societies are already present across 5 Southeast Asian countries.
Strategic investment for funding Societies
Funding Societies, a Singapore-based SME lending platform, has received an undisclosed investment from Malaysia’s sovereign wealth fund, Khazanah Nasional, and state-backed firm CGC Digital.
The capital injection will support Funding Societies’ growth plans in Malaysia, aiming to extend operations beyond major states and serve over 25,000 small businesses by the end of 2025.
Expansion of Sharia-compliant financing solutions is also underway.
Continued growth trajectory
Present across Singapore, Malaysia, Indonesia, Thailand, and Vietnam, Funding Societies landed $7.5 million in debt funding last November from Norwegian state investor Norfund.
Prior rounds included backing from Softbank Ventures Korea, Qualgro, and Line Ventures.
The latest cash boost from Khazanah Nasional and CGC Digital underscores Funding Societies’ commitment to empowering Malaysia’s MSMEs with wider access to financing as a driver of broad-based economic development.
