Funding Societies to acquire CardUp.

Funding Societies, Southeast Asia’s largest digital financing platform for small and medium-sized enterprises, agreed to acquire CardUp, a provider of payment solutions. Financial terms were not disclosed. CardUp's payment services will complement Funding Societies' lending products, to offer a unified financial experience for SMEs across the region, enabling SMEs to manage and pay expenses, receive payments, and borrow funds all within one seamless digital platform.