Funding Societies to buy Singapore firm

The purchase will compliment Funding Societies’ lending products and allow its users to manage expenses, receive payments, and borrow funds on a single platform, it said in a statement.

SINGAPORE: Funding Societies, South-East Asia’s biggest digital financing platform for small-and medium-sized firms is buying Singapore-based payment firm CardUp as part of its expansion.

The company didn’t disclose the value of the transaction, saying the amount is subjected to regulatory approvals.