Funding Societies outlines 5-year strategic vision

Funding Societies, the largest small and medium-sized enterprise (SME) digital finance platform in Southeast Asia, has announced a five-year strategic plan focused on Thailand as the nation transitions to the digital economy.

- NAREERAT WIRIYAPONG

Thailand's robust growth in digital financial services is evident, with digital lending valued at US$14 billion and digital payments reaching $141 billion in 2024.

The country's digital economy was valued at $46 billion, ranking second in Southeast Asia.

"This surge presents immense opportunities for digital financial service providers," said Vikas Jain, country head of Funding Societies Thailand.

The company registered steady growth, particularly during the post-Covid era when Thai SMEs urgently needed funding for recovery.

To date, it has disbursed more than 150 billion baht in cumulative financing via more than 5 million transactions across five Southeast Asia markets.