SINGAPORE — Funding Societies, a Singapore-based fintech startup backed by SoftBank Group’s Vision Fund, has raised $25 million from a Japanese government-linked fund to expand its digital lending and payments businesses in Southeast Asia, the company announced on Thursday.
The latest investment from Cool Japan Fund (CJF), a public-private investment vehicle aimed at promoting the country’s cultural exports and boosting inbound tourism, brings the total amount in its latest fundraising round to $65 million, including funding from Malaysian sovereign wealth fund Khazanah Nasional, Maybank and others.
