SoftBank enters Funding Societies in $25m round

Apr 19, 2018 • Robert Lavine

Peer-to-peer lending platform Funding Societies has secured new funding in a series B round led by SoftBank Ventures Korea.

Telecommunications and internet group SoftBank led a $25m series B round for Singapore-based peer-to-peer lending marketplace Funding Societies yesterday through its SoftBank Ventures Korea subsidiary.

Line Ventures, the corporate venturing arm of mobile messaging platform Line, also participated in the round, as did Sequoia Capital India, Alpha JWC Ventures, Golden Gate Ventures and Qualgro VC.

Funding Societies runs an online platform that allows private and institutional investors to lend money to small and medium-sized enterprises (SMEs) in Singapore, Indonesia and…

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