Image: Fintech News Malaysia, Freepik
Maybank has made a strategic investment in Funding Societies, a Southeast Asian digital financing platform for micro, small, and medium enterprises (MSMEs). The move aims to enhance financial inclusion and bridge funding gaps for MSMEs across the region.
This marks Maybank’s first investment under its new initiative to partner with leading digital organisations in ASEAN, aligning with the bank's M25+ strategy to accelerate digital innovation for the MSME sector.
Founded in 2015, Funding Societies has disbursed over US$4 billion in business financing, supporting more than 100,000 MSMEs across Singapore, Indonesia, Malaysia, Thailand, and Vietnam.
Maybank President & Group CEO, Dato’ Khairussaleh Ramli, emphasized the bank's commitment to humanising financial services and fostering a robust SME ecosystem.
Article from Fintech News Malaysia. Read more here or in the PDF below.
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