Funding Societies (which goes by Modalku in Indonesia), Southeast Asia’s largest SME digital financing platform, today announced that it has raised* US$144 million in an oversubscribed Series C+ equity round led by SoftBank Vision Fund 2
The Monetary Authority of Singapore (MAS) and the Bangko Sentral ng Pilipinas (BSP) today signed an enhanced FinTech Cooperation Agreement (CA) to facilitate interoperable payments between Singapore and the Philippines.
The capital provided by Hong Kong’s markets will be crucial in financing China’s – and the wider region’s – path to a net-zero future. It will be to Hong Kong that businesses and entrepreneurs across Asia look to find the capital needed to build the green infrastructure and the transformative products of the future. As economies across the continent continue to develop, and become more economically sophisticated, it will be cash originating in Hong Kong that will wean them off coal and onto green energy.
A new sector created with over 1,000 Fintech firms employing 10,000 workers, serving the larger ASEAN region of over 650 million people
Over 40 innovation labs set up by both local and international financial institutions, catalysing digital transformation of the incumbents
More than 150 Venture Capital firms have registered in Singapore, enhancing the City’s allure as an international financial centre and the regional hub for startup fund-raising
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