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SoftBank Ventures AsiaTechCrunch
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89% Informative
Funding Societies is a Singapore -based SME lending platform with offices in Indonesia , Malaysia , Thailand , and Vietnam .
To date it’s loaned more than $4 billion to over 100,000 SMEs across its five Southeast Asian countries.
The startup plans to use the money to expand its primary focus, providing financing services faster to SMEs.
Funding Societies-backed MSMEs contributed $3.6 billion to GDP and created 350,000 new jobs in 2020 , Teo said.
Teo noted that the startup made investments in three companies in the period, including a fintech company and a startup specializing in POS software.
VR Score
91
Informative language
91
Neutral language
70
Article tone
formal
Language
English
Language complexity
55
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
medium-lived
External references
8
Source diversity
8
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