MICROCAPITAL BRIEF: Funding Societies Inks $50m Line of Credit from HSBC to Bolster Small, Medium-sized Enterprises (SMEs) in Southeast Asia

Funding Societies, a Singapore-based platform using crowdfunding and other sources of investment to lend to small and medium-sized enterprises (SMEs), recently agreed to borrow up to USD 50 million from the local unit of UK-based HSBC. Funding Societies is active in Indonesia, Malaysia, Singapore, Thailand and Vietnam, offering products