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Today, Funding Societies announced it has raised $144 million in an oversubscribed Series C+ equity round led by SoftBank Vision Fund 2, with participation from new investors like VNG Corporation, Rapyd Ventures, EDBI, Indies Capital, K3 Ventures and Ascend Vietnam. . The platform disburses online loans ranging in size from $500 to $1.5
The funding will be used to start scaling Creative Galileo across Southeast Asia, hiring for local teams in Indonesia and Vietnam, its next markets. The education system, with a ratio of 1 teacher to 30, or even 40 students, is creating a cookie cutter approach,” she added. Capital, East Ventures, Affirma Capital and angel investors.
With that in mind, Indonesia has one of the lowest credit to GDP ratios in the region, signifying that there is a lot of economic value potential that can be unlocked. Indonesia’s mortgage penetration rate is also just 3% of the local GDP, one of the lowest in Southeast Asia. IDEAL’s digital platform seeks to solve these challenges.
Other participants included Ratio Ventures, Walled City Co, i2i Ventures, Suya Ventures, Globivest, Afropreneur Syndicate, +92 Ventures, Sunu Capital, Musha Investments and angel investors like senior executives from ride-hailing platforms Careem and Swvl, where Bajwa worked before launching Tazah. “We Kamereo gets $4.6M
There’s a lot of criticism that the league got more political, that your ratings are down. I mean, my God, when he became Muhammad Ali, he wasn’t allowed to fight for two years, because he wouldn’t go to Vietnam, because the Viet Cong had done nothing to him, as he said, right? Two things. One, sports and politics have always mixed.
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