FUNDING Societies, a digital financing platform for small and medium enterprises (SME) in South-east Asia, has launched in Thailand – its fourth market in its six years of operations.
The platform will operate under a debt-crowdfunding licence given by Thailand’s Securities and Exchange Commission (SEC), the SME lender said on Tuesday in a press statement.
The expansion comes after more than a year of working with Thai regulators and planning for market entry, it added.
Funding Societies said it is prepared to provide Thai SMEs with full access to its short-term customisable financing solutions, funded by retail and institutional investors.
Its crowdfunding solutions will offer a new avenue for Thailand’s retail investors to diversify their portfolio from other asset classes. Investors can expect investment opportunities with interest rates of 8-13 per cent per annum.
Funding Societies’ expansion to Thailand will also allow