MDV backs Funding Societies to reach more technology-driven Malaysian SMEs
For many small businesses in Malaysia, the challenge is not finding demand. It is finding working capital quickly enough to buy inventory, take on larger contracts, pay suppliers, or bridge the gap between completing a job and getting paid. That financing gap is the problem Funding Societies is trying to address through a new working […] The post MDV backs Funding Societies to reach more…
Malaysia Debt Ventures (MDV), a subsidiary of the Malaysian Minister of Finance, has partnered with Funding Societies to expand its working capital financing facility for technology-driven and underserved small and medium-sized enterprises (SMEs) in Malaysia. The multi-year arrangement, built on a relationship dating back to 2022, aims to address the financing gap faced by many Malaysian SMEs.
The facility, whose size remains undisclosed, will be deployed through Funding Societies' platform, leveraging the digital lending platform's alternative data assessment methods to support SMEs that may not meet traditional lending criteria. This move aligns with Malaysia's New Industrial Master Plan 2030, which prioritizes helping businesses grow into stronger mid-tier companies, particularly in technology-driven sectors.
The facility is notable for deepening an existing public-private financing channel, given Malaysia's goal of moving more SMEs up the value chain.
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