Moladin Secures up to USD 50 Million Debt Financing from Lendable, Supporting Access to Financing Solutions for Indonesian MSMEs Singapore, 09 July 2024 — Moladin, a leading Indonesian mobility #fintech, has raised a senior secured loan of up to USD 50 million from Lendable which provides debt capital to fintech companies in emerging and frontier markets. This partnership will enable Moladin to further support dealers and consumers in the used car market ecosystem by providing them with access to innovative financing solutions. Moladin’s mobility fintech platform, supported by Moladin Finance Indonesia (MFI), an OJK-Licensed end-to-end digital financier, for used car dealers as well as retail consumers, allows them access to financing against the value of their vehicles as collateral. Moladin is actively bridging the gap in financial services and personal mobility solutions, particularly for #underserved communities, #MSMEs, and its growing consumer base. The investment in Moladin aligns with Lendable’s mission of supporting financial inclusion in emerging markets through #technology and innovative financial solutions, and demonstrates Lendable’s belief in Moladin’s capabilities to address the financing gap faced by used car dealers, MSMEs and consumers in #Indonesia. Hani Ibrahim, Chief Investment Officer at Lendable, commented on the investment by adding, “Lendable is proud to partner with Moladin and support their #mission-aligned objective of serving #underserved #MSMEs and consumers in #SoutheastAsia. Having worked closely with the Moladin team during this transaction, we have been impressed by how Moladin has been able to build a high-quality scalable business that reaches a critical, yet hard to serve segment in Indonesia.” Andrew K.J. Tan, CFA, Co-Founder and President at Moladin, further emphasizes the significance of this milestone: “Our partnership with Lendable will help us significantly expand access to financial services and mobility solutions. This goes beyond just buying a vehicle. We are also helping #MSMEs grow their business and take advantage of emerging opportunities. By fostering financial inclusion, Moladin is actively contributing to the economic and social mobility of all Indonesians.” Since 2023, Moladin has facilitated financing access for its expanding customer base by disbursing over USD 500 million in loans, including more than USD 300 million to used car dealers and USD 250 million to consumers and other MSMEs. Read more: https://lendable.io/news/ #ImpactInvesting #FinancialInclusion #EmergingMarkets #PrivateDebt
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Funding Societies | Modalku Group bags $7.5m to fuel #financialinclusion for SMEs in SEA. 🔑 ‘Funding Societies, in its mission to empower SMEs and provide them with greater access to credit, has achieved over $3.2 billion in business financing, serving SMEs across the region.’ 🔑 ‘Through this debt fundraise, the FinTech lender will be able to channel the funds via its range of tailored financing solutions to the SME segments across all five markets it operates in.’ 🔑 “We have been impressed with how Funding Societies has been able to serve Southeast Asia’s #underserved businesses with its broad range of financing solutions and solve cash management challenges faced by these SMEs.” - Fay Chetnakarnkul 💸The debt round was led by Norfund, a Development Financial Institution (DFI). The firm is backed by Sequoia Capital, SoftBank Investment Advisers, SGInnovate, Qualgro Partners, Alpha JWC Ventures, BRI Ventures, amongst others. 🗞️By Gloria Mathias IBS Intelligence https://lnkd.in/e4iUjaxz 👏 For the #FinancialInclusionChallengers reimagining inclusive financial services 🚀Kelvin Teo, I Reynold Wijaya I Terry Tse I Vinnie Lauria I Chris (지행) Lee I Pieter Kemps I Team Funding Societies … #fintech #financialservices #sme #asia #finance #singapore #indonesia #malaysia #thailand #vietnam #credit
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Funding Societies Singapore Raises US$7.5 Million from Norfund, Bringing Financial Inclusion for SMEs in Southeast Asia Funding Societies | Modalku, the largest unified SME (small and medium enterprises) digital finance platform in Southeast Asia, today announced that it has raised US$7.5 million in debt from Norfund, a Development Financial Institution (DFI), which operates an investment fund owned by the Norwegian government for developing countries. This is the first debt transaction by Norfund with a FinTech SME lender in Southeast Asia. Co-founder and Group CEO of Funding Societies | Modalku, Kelvin Teo, CPA ☀️, said, “We’re honoured to partner with Norfund, backed by the Norwegian government. This milestone is not only a testament to our credit track record through COVID-19 and macro uncertainties, but also a timely opportunity to satisfy the growth capital needs of more underserved SMEs in Southeast Asia. We appreciate Norfund’s support in our mission and commitment to giving a fair opportunity for SMEs.” https://lnkd.in/e6SiXD_p Fay Chetnakarnkul Frank Stevenaar Binay Sethi Tellef Thorleifsson Indigo Trigg-Hauger #FFNews #Fintech #FintechMagazine #FintechFinance #Paytech #PaytechMagazine #Insurtech #InsurtechMagazine #KYC #Lendtech #Regtech
Funding Societies Raises US$7.5 Million from Norfund, Bringing Financial Inclusion for SMEs in Southeast Asia
ffnews.com
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#Fintech #Funding: iwoca has announced a £270 million package of debt #funding! 💰 This includes £150 million from Citibank and Insight Investment. It received £120 million from Barclays and Värde Partners. 📈 This brings iwoca's total #investment to over £1 billion! 💼 Here's what iwoca shared with TFN on how they’ve helped SMEs through the tribulations of #Brexit and a global pandemic. Read more: https://lnkd.in/ez5EmbMC #news #technology #technews #startup #innovation #SMEs #fintechnews #financialtechnology #vcfunding #venturecapital #investmentnews #credit #SMEfinance #uktech #london Christoph Rieche Samuel Riley Jake Mellett Mark Di-Toro
London's iwoca secures £270M funding to support one million small businesses — TFN
https://techfundingnews.com
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Anurakt Jain breaks down the basics of debt funding that acts as a growth lever for SMEs and startups in an exclusive article for Abu Dhabi SME Hub. Read here: https://lnkd.in/gV4KEMKM #MiddleEast #MENA #DebtFunding #RevenueBasedFinancing
Unlocking Debt: The Growth Lever for SMEs & Startups in the Middle East
klubworks.com
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Revenue-based financing (RBF) is a funding model where a business receives capital in exchange for a percentage of its future revenue until a predetermined amount is repaid, typically with a cap on the total repayment amount. It's often used by startups and small businesses that have steady revenue streams but may not qualify for traditional loans or prefer to avoid equity dilution. RBF offers flexibility, as repayment fluctuates with revenue, but can be more expensive compared to traditional debt financing. www.loanbazaaronline.com https://lnkd.in/d_kPvCZ8 #Finance #loanservices #digitalmarketing #graphicdesigning #financialservices #startupfunding #FinancialAnalyst #loanbazaar #dsa #nbfc #revenuebasedfinance
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Revenue-based financing (RBF) is a funding model where a business receives capital in exchange for a percentage of its future revenue until a predetermined amount is repaid, typically with a cap on the total repayment amount. It's often used by startups and small businesses that have steady revenue streams but may not qualify for traditional loans or prefer to avoid equity dilution. RBF offers flexibility, as repayment fluctuates with revenue, but can be more expensive compared to traditional debt financing. www.loanbazaaronline.com https://lnkd.in/epcuDwM #Finance #loanservices #digitalmarketing #graphicdesigning #financialservices #startupfunding #FinancialAnalyst #loanbazaar #dsa #nbfc #revenuebasedfinance
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🏘️ EstateGuru: Pioneering Real Estate Crowdfunding 🏘️ Delighted to share our exploration of EstateGuru, the leading peer-to-peer lending platform for property-backed loans. Since its inception in 2014, EstateGuru has facilitated over €762 million in loans. 📈 Highlights: - Focus on SME property financing. - Strong security measures, with a 75% Loan-to-Value threshold. - Extensive growth, demonstrating robust investor returns. Dive into our review to uncover how EstateGuru is bridging the gap between real estate financing and investment opportunities, making it a noteworthy option for diversifying investment portfolios. 🔗 https://lnkd.in/eEvJNE92 Join the conversation on how EstateGuru is reshaping real estate investment in Europe. #EstateGuru #RealEstateInvesting #P2PLending #InvestmentOpportunities
Yiwa platorm review - EstateGuru - Yiwa
https://yiwa.io
