Cool Japan Fund Invests US$25 Million in Funding Societies
Fintech News
DECEMBER 18, 2024
Funding Societies | Modalku, a Southeast Asian SME digital finance platform, has raised a US$25 million equity investment from Cool Japan Fund (CJF), Japans sovereign wealth fund. This marks CJF’s first investment in a fintech company in the region. The investment will be used to strengthen Funding Societies ‘ core business of SME financing across its five markets (Singapore, Indonesia, Malaysia, Thailand, and Vietnam) and to further expand its payments business.
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