Funding Societies today announced that it has secured a new working capital financing facility from Malaysia Debt Ventures Berhad (MDV),. To date, Funding Societies has disbursed close to RM7 billion in financing to more than 10,000 businesses in Malaysia, while MDV has approved over RM14 billion in financing for more than 1,184 technology projects across various high-impact sectors since its establishment in 2002.
Chai Kien Poon, Country Head of Funding Societies Malaysia, said: “Financing a platform is a multiplier. One facility from MDV reaches thousands of businesses instead of one at a time. For MDV, that is development financing doing what it is meant to do at the scale and speed Malaysia’s SME economy actually needs. MDV has backed us since 2022, and we are grateful for that continued support — this is the next step in a long-term partnership.”
The facility aims to strengthen Malaysia’s SME financing ecosystem by combining institutional funding with digital platform capabilities.
