Funding Societies to Buy Singapore-based Firm for SE Asia Growth
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Funding Societies, Southeast Asia’s biggest digital financing platform for small- and medium-sized firms, said it is buying Singapore-based payment firm CardUp as part of its expansion.
The company didn’t disclose the value of the transaction, saying the amount is subjected to regulatory approvals. The purchase will compliment Funding Societies’ lending products and allow its users to manage expenses, receive payments, and borrow funds on a single platform, it said in a statement.