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SINGAPORE, September 9, 2020 / PRNewswire / – Funding Societies, Southeast Asia’s largest SME virtual financing platform, announced new additions to its control team. Frank Stevenaar joins As FinTech’s first CFO, whilst Nihit Nirmal assumes the role of Product Manager and Ishan Agrawal is promoted to Chief Technology Officer.
This comes at a time when the fast-growing start-up is preparing for larger funding cycles and a sustained expansion trajectory. Finance corporations recently lifted their Series C funding cycle with a $ 40 million budget committed to new and existing investors. Up to 194% in 2019, the FinTech platform continues to grow cautiously into 2020 with advanced monetary performance. These adjustments in senior control lay the foundation for an oversized recovery once the macroeconomic scenario improves after COVID-19.
Frank Stevenaar, the company’s new CHIEF financial officer, joins FinTech after 20 years of reveling in monetary operations, mergers and acquisitions. He is guilty of overseeing the monetary operations of financial companies, accelerating fundraising efforts and strengthening shareholder participation. one of the founders who introduced the monetary platform, GoBear, in 2015 and extended it from Singapore to Southeast Asia. More recently, Frank was his CFO.
Nihit Nirmal joined Funding Societies as Senior Product Manager last year and is guilty of product management, product design and virtual expansion. It comes with 15 years of delight in the generation with its previous mission at LendingKart, backed by Fullerton, India’s largest virtual enterprise. loan platform, where he is senior vice president and director of product management and growth. His experience with virtual lending has been key to the next phase of expansion of financial corporations in new Southeast Asian markets.
Ishan Agrawal, who was vice president of financial engineering for two years, had this year risen to the position of Chief Technology Officer. As technical director, Ishan oversees engineering, quality control, DevOps, data security, and corporate IT teams, leading the company through the creation of secure and scalable technology. Previously, the graduate of Stanford University and Singapore National University was FinTech’s knowledge manager. Kelvin Teo, co-founder and CEO of the group, said: “As financial corporations move from a FinTech startup to a FinTech company, we have gradually expanded and optimized our business, as skill is at the heart of our organization, whether through considerate recruitment and planned preparation. As we cross COVID-19 with relative good fortune and return to effects close to pre-COVID, we are cautiously positive by 2020, excited by 2021 and look forward to the concerted leadership of Frank, Ishan and Nihit. “
After five years of loans across Southeast Asia, financial corporations have provided more than S$1. 6 billion in more than S$2. 8 million in loans to Singapore, Malaysia and Indonesia. It was decided by the MAS Digital Wholesale Banking License as part of a consortium with AMTD, SP Group and Xiaomi. Selected applicants will be notified at the time of this year’s component.
About financial companies
Finance Companies Modalku is the largest virtual financing platform for SMEs in Southeast Asia, authorized in Singapore, Indonesia and Malaysia, and supported through Sequoia India and Softbank Ventures Asia Corp, among others, and provides financing to small and medium-sized enterprises (SMEs), which is financed through individual and institutional investors. In five years, it has helped finance more than 2. 8 million commercial loans with more than $1. 6 billion in financing. He won the MAS FinTech Award in 2016, the Global SME Excellence Award at UN ITU Telecom World in 2017, Brands for Good in 2019, identified through IDC as one of the five fastest developing FinTech in Singapore, and the Stevie® Award in 2020.
Visit our website: https://fundingsocieties. com/
Media contact
Glennice Yong Senior PR
Photo: https://photos. prnasia. com/prnh/20200908/2910137-1
SOURCE Financial companies