Funding Societies Malaysia names co-founder as group COO, appoints new country boss

Funding Societies, a Singapore-based fintech firm, announced the appointment of Chai Kien Poon as country head of Malaysia. He will succeed Funding Societies Malaysia co-founder Wong Kah Meng, who’ll now be the company’s group COO.

Funding Societies’ Chai Kien Poon (left) and Wong Kah Meng / Photo credit: Funding Societies

Previously, Chai served as head of strategic projects and operations for Funding Societies, Malaysia. As country head, he will be responsible for the company’s day-to-day operations in the country as well as scouting for local partnerships and initiatives.

Meanwhile, Wong will now oversee Funding Societies’ businesses across Malaysia, Singapore, and Thailand.

“We have built ourselves a strong foundation since our inception in Malaysia in 2017, and I am excited to forge the future with the team as we continue to expand our products and services and extend our reach in the SME fintech landscape,” said Chai.

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The appointment comes after Funding Societies raised US$50 million in debt funding from HSBC Singapore. The company also raised US$144 million earlier this year in a round led by SoftBank Vision Fund 2.