In 50 Words: Funding Societies raises $27m in debt to widen SME support

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In 50 Words: Funding Societies raises $27m in debt to widen SME support

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Singapore-based Funding Societies has raised US$27 million in a debt funding round led by AlteriQ Global. Aument Capital Partners and Orange Bloom also participated.

The funds will be used to provide financing solutions for SMEs in five markets. Funding Societies has disbursed US$3.2 billion in business financing so far across Southeast Asia.

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