Funding Societies raises $7.5m debt financing from Norfund

Funding Societies raises $7.5m debt financing from Norfund

Kelvin Teo, co-founder & Group CEO of Funding Societies | Modalku [left] and Fay Chetnakarnkul, Regional Director (Asia), Norfund. Photo courtesy of Funding Societies.

SE Asia fintech company Funding Societies [also known as Modalku in Indonesia] has bagged $7.5 million in debt financing from Norwegian government sovereign wealth fund Norfund, according to a company statement.

Edited by: Padma Priya

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