Societies; Wendy Ang, TASConnect (Malaysia) CEO; and Chan Tse Ning, Chief Business Officer, TASConnect (Malaysia)
Funding Societies, Southeast Asia’s largest digital finance platform for SMEs, has entered a strategic partnership with TASConnect (Malaysia) Sdn. Bhd., a working capital solutions provider incubated by SC Ventures, the innovation arm of Standard Chartered.
Through this collaboration, SMEs using the TASConnect platform can access Funding Societies’ tailored supply chain financing solutions to unlock working capital from payables and receivables. Eligible SMEs within the TASConnect network can receive invoice financing of up to RM1,000,000, enhancing cash flow and operational flexibility.
Chai Kien Poon, Country Head of Funding Societies Malaysia, stated, “We are thrilled to partner with TASConnect (Malaysia) to introduce supplier-led supply chain financing, bridging the liquidity gap for SMEs while supporting corporates in optimising supply chains. This collaboration fosters financial resilience and growth for businesses of all sizes.”
Wendy Ang, CEO of TASConnect (Malaysia), remarked, “Our partnership with Funding Societies brings accessible, tailored financing to Malaysian SMEs. Our innovative platform streamlines access to capital, empowering entrepreneurs to overcome financial challenges and thrive, driving regional economic growth.”
This partnership highlights both companies’ commitment to supporting SMEs in Malaysia with accessible and flexible financing solutions, contributing to the nation’s economic development.
