SoftBank Vision Fund 2 led a $144m Series C+ funding round in Funding Societies.

SoftBank Vision Fund 2, a fund with a goal to invest in AI-based technology, led a $144m Series C+ funding round in Funding Societies, a developer of a peer-to-peer lending platform, with participation from VNG, Rapyd Ventures, EDBI, Indies Capital, K3 Ventures and Ascend Vietnam. “SMEs across Southeast Asia have historically struggled to access institutional finance and instead been forced to mainly rely on personal funding to support growth. Funding Societies is establishing a bridge for these companies to access more sustainable and cheaper financing by building unique data sets on their performance and using AI-led technology to assess their creditworthiness more effectively than traditional models," Greg Moon, SoftBank Managing Partner.