Its innovative digital technology even enables collectors to see a visual representation of artworks for sale in their own homes before they buy. This is complemented by our fully online and MAS licensed investor deal platform, Helicap Securities. Congrats guys!!! LinkedIn sets the lidc cookie to facilitate data center selection. Together with funding received from European impact investors such as Triodos Investment Management for Indonesian business loans, Funding Societies said that it is on track to raise US$120 million in institutional debt for funding the growth needs of micro, small and medium enterprises (MSMEs) in Southeast Asia. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. The good news is that we do reviews! Taurus Wealth is a wealth management powerhouse founded in 2008 with offices in Singapore, Dubai & Zurich. This website uses cookies to improve your experience while you navigate through the website. To merchants, we remain a trusted partner, delivering cost-effective marketing solutions to support their growth aspirations, he added. We believe this is a start of a long-term relationship and continuous evolution of Funding Societies, said Kelvin Teo, Co-founder and Group CEO, Funding Societies | Modalku. Funding Societies raises US$18m in debt co-led by Singapore financial, Why private credit's time has come in Asia. Ms Kennedy spoke in Sydney on her arrival, sharing her excitement to be in Australia. Ltd.Business Registration No. Funding Societies, Southeast Asian SME digital financing platform, announced that it has raised US$18 million in debt financing led by a trio syndicate of financial institutions including Helicap Investments, the newly launched Social Impact Debt Fund, and an unnamed Japanese financial services group. Question: How are you investing today? said Kelvin Teo, Co-founder and Group CEO, Funding Societies and Modalku. You also have the option to opt-out of these cookies. (SVIC). https://lnkd.in/dvZ7Wreg, Heres to financial inclusion for all who need it. 2021 Funding Societies Pte. We are delighted to have assisted Funding Societies in its goal of providing access to capital for underserved MSMEs. Dollar Tree, which just weeks ago announced a major C-suite shakeup, has filled one of those open leadership posts, the discounter announced Thursday. Please do get in touch with us through the contact form for further details. #ynwa haha. Great stuff David Z Wang and Kelvin Teo, CPA !!! Funding Societies Pte. Welcome to another episode of 30 minutes with DailyStraits.com. If we find new data, we will add it here. It had received US $40 million in April, just a few months before. Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. 1972Alliance Izham IsmailCountry Tweets von @FintechSIN This syndicated facility of US$18 million is expected to increase further with interest from investors across Asia and Europe. Become a Paid Subscriber: https://anchor.fm/dailystraitscom/subscribe. Ltd. are part of the Funding Societies Brand. This funding round also expands the platforms institutional lender base, which it secured after passing financial and risk due diligence conducted by the lenders. Full Service CarrierHub(s) Funding Societies Pte. LinkedIn sets this cookie for LinkedIn Ads ID syncing. Thank you! #privatemarkets#privatedebt#investors#investment#investing#finance#financial#directlending#lending#sme#smb #southeastasia #sea #technology #fintech #inclusion #sustainable, It is a long weekend in sunny Singapore. You bear the whole responsibility,related to their substance, content and the fact of publication. These cookies track visitors across websites and collect information to provide customized ads. Panjang Raya Blok A3 No.1, Kedoya Utara, Kebon Jeruk, Jakarta Barat, DKI Jakarta, 11520, Indonesia, info@fundingsocieties.com.my+603 2202 1013, Unit 15.01 & Unit 15.02, Level 15, Mercu 3, KL Eco City, Jalan Bangsar,59200 Kuala Lumpur, info@fundingsocieties.co.th+66 93 139 9721, No. What Investors Need to Know - CNET, How Two Asset Managers Are Handling 2022s Crypto Volatility. Funding Societies raises US$18m in debt co-led by Singapore financial institutions, Funding Societies Raises US$18 Million in Debt Financing, Funding Societies raises US$18m Debt from Japanese and Singaporean Impact Investors, on track to raise US$120m. Jeremy Tan We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Besides that, we are also working on several other projects, such asLazyBum SkincareandBlitz Hair Oil Sprayin which we document the process of starting a brand from scratch in Australia and share the journey here with our wonderful readers. 2015 - 2022 Copyright CK Finanzpro GmbH. Helicap is a Singapore-based FinTech firm connecting global investors to private investment opportunities in SEA You have entered an incorrect email address! You also have the option to opt-out of these cookies. Facebook sets this cookie to show relevant advertisements to users by tracking user behaviour across the web, on sites that have Facebook pixel or Facebook social plugin. Funding Societies, Southeast Asias SME digital financing platform, has raised US$18 million in debt led by a trio syndicate of financial institutions including Helicap Investments, the newly launched Social Impact Debt Fund, and a Japanese financial services group. LinkedIn sets this cookie from LinkedIn share buttons and ad tags to recognize browser ID. Funding Societies provides MSMEs with business financing, which is funded largely by institutional lenders and retail investors. Malaysia Airlines has revealed the first of its upgraded Boeing 737- , Nasdaq futures slide as Snap results weigh on technology stocks, Nasdaq futures fell in overnight trading Thursday as investors digested a fresh batch of corporate earnings and disappointing results from Snap, which sent social media shares reeling. 188, Spring Tower, 11th Floor, Phayathai Road, Thung Phaya Thai Sub-district, Ratchathewi District, Bangkok, 10400, info@fundingsocieties.vn(+84) 28 7109 7896, 2/F Sonatus Building, 15 Le Thanh Ton, Ben Nghe Ward, District 1, Ho Chi Minh City, Vietnam, Invest on the go via the Funding Societies app. Our tagline is Something Different. What you will get from this channel are mainly interviews with the movers and shakers in the business and also some of our exclusive articles read by us. Funding Societies provides MSMEs with business financing, which is funded largely by institutional lenders and retail investors. Read the full Bloomberg News article here: https://lnkd.in/dwnyk_VH. These cookies will be stored in your browser only with your consent. YSC cookie is set by Youtube and is used to track the views of embedded videos on Youtube pages.
How does an artiste get to trade with Artfull and much more. We look forward to serving our clients better. Funding Societies | Modalku is the largest SME digital financing platform in Southeast Asia. : 201505169M | CMS License No. This transaction demonstrates the ongoing institutional and individual appetite for private debt investment, and Helicap is well positioned to provide access to quality opportunities through our relationships with leading issuers such as Funding Societies.. This funding round also expands the platforms institutional lender base, which it secured after passing financial and risk due diligence conducted by the lenders. Glennice YongSenior PR & Communications Executive, Funding Societiesglennice.yong@fundingsocieties.com+65 9155 4662. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously. We are thrilled to be partnering with Henry, Joel, and the ShopBack team to accelerate the growth of one of Asias leading internet companies. www.heli-cap.com, TGIF, what a week! YouTube sets this cookie to store the video preferences of the user using embedded YouTube video. Ltd.Business Registration No. This transaction demonstrates the ongoing institutional and individual appetite for private debt investment, and Helicap is well positioned to provide access to quality opportunities through our relationships with leading issuers such as Funding Societies.. But opting out of some of these cookies may have an effect on your browsing experience. Helicap Securities acted as sole mandated lead arranger on the secured credit facility. Is there a gadget youd like us to test, a restaurant youd like us to review or a hotel youd like to promote through write-ups on this site? said David Z. Wang, Co-founder and CEO of Helicap, the parent company of Helicap Investments and Helicap Securities. In Southeast Asia, MSMEs contribute to more than 50 per cent of each ASEAN Member States GDP, but because many lack a strong credit track record or collateral, they are often rejected for business loans by traditional financial institutions. Samsung SDI Energy Invests RM7 Billion For First EV Battery Cell Unitrade Proposes 30% Dividend Payout In Line With Dividend Policy. Tesla surged nearly 10% after it reported better-than-expected , Clock is still ticking for hi-tech Hinkley, Emory + Georgia Tech AI.Humanity seed grant recipients announced, Buying Used Cars: New Tech To Upgrade Your Used Car With, Heat-free tech transforms the way businesses are approaching printing, says Epson, Study: 144 Million Instances of Big Tech Censorship - in Just 3 Months, Personal Finance App Ranking Gathers up a Lot of Change, Houston gets a surprising ranking in new list of the most educated cities in the United States, PerPay review: Installments are automatically withdrawn from paychecks, but you can't use it if you're self-employed, Hope for savers as National Savings and Investment bank boosts rates for 1.5million people, The wealthy now have more time to avoid estate taxes, thanks to an IRS change, Fraud charge in US over crypto listing insider tips, Jason Calacanis Is Right About Grifting Crypto VCs (but Confused), What Teslas Big Bitcoin Sale Means for Other Firms Putting Crypto on Their Balance Sheets, Is Crypto Winter Starting to Thaw? Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. We don't import or message your contacts, nor post on your behalf. We are delighted to have assisted Funding Societies in its goal of providing access to capital for underserved MSMEs, said David Z. Wang, Co-founder and CEO of Helicap Pte. I will continue to lead Helicap to greater heights for meaningful impact with the team! These funds have a tendency to invest in the following rounds after Helicap: By posting comments on our website you confirm and acknowledge that: To post a comment or write a complain, please sign in with LinkedIn. After a tough week for cryptos can't help but admire (and laugh at) the amazing marketing of Ryanair !! Funding Societies, which is licensed in Singapore, Indonesia, Malaysia, and Thailand, claims to have assisted in the financing of over 4.8 million company loans totaling over US $1.5 billion in the previous six years. Funding Societies Raises US$18 Million in Debt Financing, The 4 Must-Haves to Build an Effective Online Fraud Prevention and Detection Strategy, DTA certifies four cloud providers to store sensitive government data, Zero-carbon, equitable and feeless: Recoding the blockchain, Make your content come alive with five million customizable icons for $80. }(document, 'script', 'facebook-jssdk')); Save my name, email, and website in this browser for the next time I comment. The Top Data and Technology Challenges in Financial Services Across Asia Pacific, BaaS Needs to Double Down on Cross-Industry Partnerships to Fuel Growth, Demand for Sustainable Finance on the Rise in APAC, APAC Financial Institutions Struggle to Make Use of Their Data in a Timely and Effective Manner, Product Manager, SG Payments & Receivables Global Transaction Services (GTS), Salesforce Webinar: Towards a Customer-Centric Transformation in a Digital-First, Financial Services World. Helicap was founded with the aim of breaking down traditional barriers for those who need capital and those who can provide it. Congrats David Z Wang and Kelvin Teo, CPA ! js = d.createElement(s); js.id = id;
By clicking Accept, you consent to the use of ALL the cookies. Watch David Z Wang, Group CEO of Helicap explain more about private credit in SEA! We are a news and current affairs website with a special focus on all things business-related. Funding Societies Raises RM73 Million From Impact Investors, Perkeso To Provide Covid-19 Test Kits For Employers, FedEx Strengthens Gender Diversity Commitment, Bond Market 2H Outlook; Limited Upside For Yields, Samsung SDI Energy Invests RM7 Billion For First EV Battery Cell Plant In Malaysia. Do you have this unique asset class in your investment portfolio? IATA/ICAO Code Delighted to announce Helicap as the lead and sole arranger of this amazing transaction with Funding Societies | Modalku Group and Kelvin Teo, CPA Reynold Wijaya. Funding Societies is Southeast Asia's leading SME digital financing platform. Kuala Lumpur, Oct 8: Funding Societies, Southeast Asias largest SME digital financing platform has raised US$18 million in debt led by a trio syndicate of financial institutions including Helicap Investments, the newly launched Social Impact Debt Fund, and a Japanese financial services group. Why would anyone want to invest in New Zealand-based artists? We do not intend to delete any comments on the website unless within our noticeand take down procedure. Helicap is a Singapore-based alternative lending firm that provides private debt investments to a wide network of accredited investors, including family offices, high net worth individuals, impact funds, and institutional investors. At the moment, we only do advertorials which are interview style write-ups promoting a product or a service. But opting out of some of these cookies may have an effect on your browsing experience. These cookies do not store any personal information. If you think that some of this information is not accurate, please, The average size of a deal this fund participated in, How often the fund supports its portfolio startups at next rounds. *-Our recommendation and outreach system saves up to 200 hours of founder time on fundraising for seed and series A+ startups. Congrats again, and all the best! The 30 minutes with the DailyStraits.com podcast would continue with a minimum of one guest per month. Traditional financial institutions typically turn them down for business financing because they lack a good credit history or collateral. Have researchers found the best semiconductor of them all? Going forward, we will no longer be publishing stories on the weekend anymore. Look forward to your upcoming journey. It uses technology to provide financial access to underserved yet creditworthy MSMEs through its digital platform. Thanks for dropping by and reading our stuff. This transaction demonstrates the ongoing institutional and individual appetite for private debt investment, and Helicap is well positioned to provide access to quality opportunities through our relationships with leading issuers such as Funding Societies.. We retain our right to delete any comment or any other content of the website at ourwill in case we know or suppose such content is illegal or breaches any lawful right. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on Telegram (Opens in new window), Click to share on Skype (Opens in new window), Click to email a link to a friend (Opens in new window), British Open champ Cameron Smith will play in Australia this summer and bring the Claret Jug with him, Cameron Smith and the Claret Jug will be coming home to Australia this summer. We also use third-party cookies that help us analyze and understand how you use this website. well done Dave and team. There was an error and we couldn't process your subscription. In line with its support of sustainable lending, the FinTech joined the round through its investments arm, Helicap Investments, after the deal was arranged by its securities arm, Helicap Securities. https://lnkd.in/d3s5X8Fm, ShopBack today announced that it has raised US$80 million of new capital in a funding round led by Asia Partners, to support the Groups vision to build the leading shopping and rewards platform across the Asia Pacific region. Bobby Aflatooni is the Chesapeake, Va.-based chains new chief information officer, , Who will be eligible for free contraception from September and how to apply, Minister for Health Stephen Donnelly today announced the signing into law of the Health Act 2022, providing free contraception for women aged 17-25 from September this year. Samsung Venture Investment Corporation invested an unknown sum in the loan firm in December 2020. Backed by SoftBank Ventures Asia Corp and Sequoia India, amongst many others, Funding Societies has helped to finance over S$2 billion in business loans regionally. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. We use cookies and similar technologies to improve your user experience. A cookie set by YouTube to measure bandwidth that determines whether the user gets the new or old player interface. We also use third-party cookies that help us analyze and understand how you use this website. The additional monies will be used by Funding Societies to lend to qualified MSMEs, furthering their objective of facilitating financial inclusion in the area. Malaysia While commenting, you are under the rule of our websites terms of use and privacypolicy. The pandemic was an important test of resilience, and we are glad to have navigated it successfully, with a proven AI-led credit model, Funding Societies | Modalku Co-founder and Group CEO Kelvin Teo said.We are honoured for the faith of Helicap, the Social Impact Debt Fund, and the Japanese financial services group, enabling us to further ride on the growth of SME digital financing. would love to partner with both of you! Artfull is a New Zealand marketplace that was created to connect Kiwi artists and galleries with buyers in an online space in Aotearoa and around the world. Left to right: Kelvin Teo, Co-founder and Group CEO, Funding Societies | Modalku; David Z. Wang, Co-founder and CEO, Helicap Pte. This category only includes cookies that ensures basic functionalities and security features of the website. We want to help our users to shop and save smarter, particularly in this inflationary economy with recession looming on the horizon. Save my name, email, and website in this browser for the next time I comment. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Amazing!!! Helicap is a Singapore-based alternative lending firm that provides private debt investments to a wide network of accredited investors, including family offices, high net worth individuals, impact funds, and institutional investors. Helicap Securities acted as sole mandated lead arranger on the secured credit facility. While commenting, you shall use only actual, truthful and confirmed data. Quentin Vanoekel LinkedIn sets this cookie to remember a user's language setting. Ltd. Singapore, 7 October 2021 - Funding Societies, Southeast Asias largest SME digital financing platform, today announced that it has raised US$18 million in debt led by a trio syndicate of financial institutions including Helicap Investments, the newly launched Social Impact Debt Fund, and a Japanese financial services group. It harnesses the power of technology to give underserved yet creditworthy MSMEs financial access through its digital platform. We use LinkedIn only to verify your account. We have built an institutional-grade credit analytics technology that can churn and analyze millions of loan data points from origination platforms and extract meaningful credit rating insights. We pride ourselves in speed and flexibility, offering the widest range of term loan, trade finance and micro loan products. Kuala Lumpur International AirportYear Founded Futures tied to the Dow Jones Industrial Average slipped 0.15%, or 48 , US stocks advance for thirrd straight day, NEW YORK: Wall Street stocks shrugged off early weakness and finished higher for a third straight session yesterday (July 21) following strong Tesla results and a pullback in the US dollar. It is licensed in Singapore, Indonesia, Malaysia and Thailand, and backed by Sequoia India and Softbank Ventures Asia Corp amongst many others. Funding Societies enables access to finance by using alternative data points including but not limited to the MSMEs cash flow - its ability to repay the loan - to underwrite these loans. She aims to strengthen the US-Australia relationship and , Dollar Tree Fills One of Its Many Vacant Leadership Posts, Photo: Shutterstock Established in 2015, Funding Societies provides MSMEs with business financing, which is funded largely by institutional lenders and retail investors. said David Z. Wang, Co-founder and CEO of Helicap, the parent company of Helicap Investments and Helicap Securities. Copyright 2021 Reach Publishing Sdn Bhd. Without further ado, lets listen to and watch the interview here: Send in a voice message: https://anchor.fm/dailystraitscom/message. Thank you for reading our site and continue supporting us in any way that you can. Analytical cookies are used to understand how visitors interact with the website. It harnesses the power of technology to give underserved yet creditworthy MSMEs financial access through its digital platform. You post comments at your own choice and risk. We are also looking forward to doing more tech and skincare reviews in Sydney, Australia. It was incredible to be featured (and share my thoughts on building a business) on Robb Report Singapore with Lincoln Y. : 201631787R. In line with its support of sustainable lending, the Funding Societies joined the round through its investments arm, Helicap Investments, after the deal was arranged by its securities arm, Helicap Securities. An online lending platform for small and medium companies (SMEs) in Southeast Asia, Finance Societies (also known as Modalku in Indonesia), has acquired US $18 million in debt funding. Ltd. and FS Capital Pte. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. It was always going to be tough to build a startup, and this round amidst a tough economic climate, is a huge vote of confidence for me and my team! Many dream and talk about it few would actually do it. 6. We believe this is a start of a long-term relationship and continuous evolution of Funding Societies.Helicap is a Singapore-based alternative lending firm that provides private debt investments to a wide network of accredited investors, including family offices, high net worth individuals, impact funds, and institutional investors. 1. Helicap is a Singapore-based alternative lending firm that provides private debt investments to a wide network of accredited investors, including family offices, high net worth individuals, impact funds, and institutional investors. Howdy! We specialise in all forms of short-term financing for SMEs, funded by individual and institutional investors. The Social Impact Debt Fund, an impact investment fund managed by Taurus Wealth Advisors and advised by GreenArc Capital, provided debt financing to Funding Societies seeing the impact the latter has affected on the regions economic disparity. We are dedicated to the vision of enabling SMEs through equitable financial access, ultimately making a positive impact for our societies in Southeast Asia. Together with funding received from European impact investors such as Triodos Investment Management for Indonesian business loans, Funding Societies is on track to raise US$120 million in institutional debt for funding the growth needs of micro, small and medium enterprises (MSMEs) in Southeast Asia.
Necessary cookies are absolutely essential for the website to function properly. We are delighted to have assisted Funding Societies in its goal of providing access to capital for underserved MSMEs. very positive public announcements/fundraise by my 2 favourite companies - ShopBack and Helicap. Featured image: (From left to right) Kelvin Teo, Co-founder and Group CEO, Funding Societies and Modalku; David Z. Wang, Co-founder and CEO, Helicap. Helicap Securities acted as sole mandated lead arranger on the secured credit facility. I invested in Shopback 5 years ago with the same thesis and believe in the founders as I have today. Funding societies is on pace to raise US $120 million in institutional financing, thanks to funding from European impact investors such as Triodos Investment Management for Indonesian company loans.