Southeast Asian SME digital financing platform Funding Societies announced that it has launched Elevate, a virtual card for micro, small and medium enterprises (MSMEs) in Singapore. Elevate, a free-to-apply credit

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The start-up has raised $144m in equity, led by SoftBank, and $150m in debt financing.

Funding Societies, a Southeast Asian SME digital financing platform which goes by Modalku in Indonesia, today announced that it has raised US$144 million in an oversubscribed Series C+ equity round.

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Globally the fintech scene was seeing record funding rounds in 2021, India being a global fintech powerhouse similarly experienced a stellar year of growth and funding. Startups in the space

The post Top 10 Most Well-Funded Fintechs in India appeared first on Fintech Singapore.

BlueVine, an SME financing company that made its Finovate debut in 2014, announced this week that it is selling its invoice factoring business to Toronto, Canada-based FundThrough. FundThrough noted that the deal is designed to accelerate both its commitment to embedded finance as well as fuel expansion plans for the U.S. market. Specifically, FundThrough believes Read more...

The post Canada’s FundThrough to Acquire Invoice Factoring Business from BlueVine appeared first on Finovate.

Southeast Asia’s super app Grab is moving even further into the payment solutions space this week. The company has more than doubled...