Funding Societies raises US$18 million in debt co-led by SIDF

A Funding Societies raises US$18 million in debt co-led by SIDF
October 2021

GreenArc is proud to announce the closing of the Social Impact Debt Fund's (SIDF) first deal. The investment in Funding Societies, Southeast Asia's largest SME digital financing platform, will place the funds for lending to deserving MSMEs in Indonesia, propelling its mission of enabling financial inclusion in the region.

Funding Societies, Southeast Asia’s largest SME digital financing platform, announced that it has raised US$18 million in debt led by a trio syndicate of financial institutions including Helicap Investments, the newly launched Social Impact Debt Fund, and a Japanese financial services group.

The Social Impact Debt Fund, an impact investment fund managed by Taurus Wealth Advisors and advised by GreenArc Capital, provided debt financing to Funding Societies seeing the impact the latter has affected on the region’s economic disparity.

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