Funding Societies secures expansion in Thailand

• Awarded the SEC debt crowdfunding license earlier this month
• Helps address the US$40 billion SME financing gap in Thailand

SMALL medium enterprises-focused (SME) digital financing platform Funding Societies is now live in Thailand, after being awarded the Securities and Exchange Commission (SEC) debt crowdfunding license earlier this month. This allows the platform to support Thai SMEs and startups in raising funds from retail and institutional investors. 

Thailand marks the fourth market in Funding Society’s six years of operations. Since 2015, the company claims to have supported over 65,000 SMEs in Singapore, Malaysia, and Indonesia with over USD1.5 billion in funding.

Its entrance into Thailand allows them to address a SME financing gap of over US$40 billion, according to the International France Corporation (IFC).

“SMEs contribute over 40% of Thai GDP but face…