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In 50 Words: Funding Societies revenue up 84%, losses grow 138% in 2022
Digital lender Funding Societies’ revenue grew by 84% to US$36.6 million for FY 2022, while pre-tax losses rose 138% to US$42.7 million, according to its latest filings.
The company said US$32.5 million of the losses were non-cash.
The Singapore-based firm, which operates in five Asian markets, is expecting to become profitable in Q4 2024.
