Funding Societies raises US$7.5M debt from Norfund
Funding Societies | Modalku raised $8M debt financing led by Norfund on November 2, 2023.
- Primary
- Funding Societies | Modalku
- Counterparty
- Norfund
- Amount
- $8M
- Structure
- debt financing
- Date
- November 2, 2023
- Sub-sector
- Lending
Debt capital from DFI enables expansion of SME lending across Southeast Asia while addressing cash management challenges in underserved markets.
Source: tmcnet.com