Lendahand agrees to 5 million euro debt facility for Funding Societies to support under-served SMEs in Southeast Asia
Lendahand agrees to 5 million euro debt facility for Funding Societies to support under-served SMEs in Southeast Asia
01/21/21, 12:04 PM
Location
rotterdamLendahand, a Dutch-based crowdfunding platform for SMEs in emerging markets, has agreed to provide Singapore-based Funding Societies with up to 5 million euros to invest in underserved SMEs, predominantly in Indonesia, but also including Singapore and Malaysia. Southeast Asia’s leading SME digital financing platform, Funding Societies (known as Modalku in Indonesia) specializes in short-term financing for SMEs, crowdfunded by individual and institutional investors. It is backed by Sequoia India, Samsung (who invested in its tech arm) and Softbank Ventures Asia Corp amongst many other global and regional equity investors.
Company Info
Location
rotterdam, new york, united states
Additional Info
Lendahand is the world’s largest crowdfunding platform specifically focused on impact investing. With over 80 million euros invested in over 30 countries, Lendahand provides operating capital in the form of debt facilities to qualified SMEs in emerging markets at affordable interest rates, working to fight poverty through sustainable job creation.