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Southeast Asian digital finance platform for micro, small and medium enterprises (MSMEs), Funding Societies , has signed its third credit facility with HSBC under its ASEAN Growth Fund. The post HSBC Supports Funding Societies With Third Credit Facility to Support APAC Businesses appeared first on The Fintech Times.
Over 200 submissions were received across six categories, with 175 entries in the corporate categories and 29 in the individual Fintech Mentor Award category. Each day, approximately 500 micro and small business owners use their app to apply/request for a business loan. Four finalists were shortlisted in each category.
This approach has enabled CapBay to provide over MYR 3 billion (US$643 million) in financing to more than 1,700 underserved SMEs across 20 diverse industries. The company offers innovative digital financial services aimed at empowering local and regional micro, small, and medium enterprises (MSMEs).
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