P2P lender Funding Societies raises $25m in Series B round led by SoftBank Korea

P2P lender Funding Societies raises $25m in Series B round led by SoftBank Korea

Reynold Wijaya (left) and Kelvin Teo (right), Co-Founders of Funding Societies

Peer-to-peer (P2P) lending platform Funding Societies has raised $25 million in a Series B funding round led by SoftBank Ventures Korea, in what could perhaps be the largest financing round for a P2P lender in Southeast Asia.

Additionally, the platform has also raised credit lines from banks and financial institutions to fund SMEs, its target segment for lending, an announcement said on Wednesday.

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