Funding Societies, Southeast Asia’s largest SME digital financing platform, launches in Thailand today. The platform will operate under the debt-crowdfunding license given by Thailand’s Securities and Exchange Commission.
This expansion comes after more than one year of working with Thai regulators and planning for market entry, the startup said.
Operating in Singapore, Malaysia, and Indonesia, Thailand will be the FinTech’s fourth market in its six years of operations, making it the only SME digital financing platform in Southeast Asia to be licensed in four countries.
“Funding Societies’ vision has always been to financially enable growth for SMEs, while growing wealth for investors. Having built a market-leading presence in Singapore, Indonesia, and Malaysia, we’re excited to bring our vision to Thailand and launch today,” said co-founder and group CEO Kelvin Teo. Read more…..
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Police have used water cannon and tear gas against thousands of demonstrators marching through Bangkok.