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Funding Societies Surpasses SGD 1 Billion in SME Lending

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(From left to right) Kelvin Teo and Reynold Wijaya co-founded Funding Societies in 2015

 

Funding Societies, the leading SME digital financing platform in Southeast Asia, is ending an eventful year by crossing the SGD 1 billion mark in SME loans. In line with the platform’s goal of responsible growth, Funding Societies expanded its loan volume by 3 times in the last 12 month while maintaining a default rate of 1.5%. This is the highest amount given out by any SME digital financing platform in Southeast Asia.

With presence in SingaporeIndonesia and Malaysia, Funding Societies has facilitated more than 1 million business loans to SMEs through a base of more than 150,000 individual and institutional investors in the last 4 years since inception in 2015.

The growth in SME loans with Funding Societies is reflective of the increasing openness amongst businesses towards new generation funding options. As per the EY, UOB and Dun and Bradstreet report ‘Asean SMEs – Are you transforming for the future’, 67.8% of the SMEs are now open to non-traditional lenders including lending platforms. Alternative financing providers like Funding Societies are addressing this segment by providing technology backed funding solutions for the growth of local businesses.

Kelvin Teo, Co-Founder and Group CEO of Funding Societies, commented, “What SMEs need is not subprime banking, but a different banking. We’re honored to have partnered with many SMEs in their growth journey. It hasn’t been easy, as SME financing is a patient business. We hope to work even closer with SMEs in 2020, in line with our belief of ‘stronger SMEs, stronger societies’ since 2015.”

Funding Societies specialises in all forms of short-term unsecured financing up to S$2 million, with funds disbursed as early as the next day. Funding Societies’ SME clientele ranges from micro businesses and SMEs to small listed companies looking for working capital financing. For platform investors, the minimum amount is low starting from SGD 20 per investment. Other than individuals Funding Societies also has regulated financial institutions and funds who invest into loans on the platform.

 

SOURCE Funding Societies

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Payhawk unveils ‘AI Office of the CFO’ – Bringing enterprise-ready AI to finance operations

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LONDON, April 2, 2025 /PRNewswire/ — Payhawk, the leading spend management platform, today announced the launch of ‘AI Office of the CFO,’ a suite of specialised AI agents that solve finance’s biggest AI challenge: drastically increasing finance teams’ productivity while maintaining complete control over their operations.

With its platform already managing companies’ transactions, policies, workflows, and master data, Payhawk is uniquely positioned to build AI Agents that deliver practical value alongside the necessary controls. These new AI agents autonomously handle operational tasks with the same careful permissions as employees, enabling organisations to implement AI with confidence. While building its in-house agentic infrastructure, Payhawk has been leveraging early-access OpenAI models to refine its AI agent technology.

The company is launching the suite with its Financial Controller Agent, which will take over the tedious tasks of chasing receipts, analysing expense documents, and spotting unusual spending patterns. This marks another milestone in Payhawk’s journey to redefine financial operations, adding AI agents to its unified spend management platform.

“Finance leaders know AI will have an impact on their operations, but until now, there hasn’t been a clear and practical path forward,” said Hristo Borisov, CEO of Payhawk. “We’re not just adding AI features — we’re creating a new category of purpose-built agents that transform finance operations by autonomously completing critical, time-consuming tasks.”

The AI Office of the CFO suite introduces agents that elevate key functions:

  • The Financial Controller Agent eliminates the endless back-and-forth of expense reporting. Instead of managers chasing employees for missing receipts or checking expense reports line by line, the agent automatically collects documents, sends friendly reminders when something’s missing, and flags any unusual purchases — freeing up time for more valuable work.
  • The Procurement Agent turns complicated purchase requests into simple conversations. Employees just say what they need, and the agent guides them through company policies, gathers required approvals, and helps compare vendor options — replacing days of emails and form-filling with a smooth, guided process.
  • The Travel Agent simplifies business travel by managing the entire process, from booking policy-compliant flights and hotels to capturing all related expenses. This eliminates manual coordination across departments or external agencies while ensuring compliance and complete documentation.
  • The Payments Agent handles employee inquiries about transactions, reimbursements, and supplier payments, providing answers and investigating issues— tasks that previously took up the finance team’s time unnecessarily.

“What makes our approach unique is that we’ve built these AI agents on Payhawk’s existing financial infrastructure,” said Boyko Karadzov, CTO of Payhawk. “Our platform already handles global spend management through licensed payments, established approval workflows, granular spend controls, and system integrations — the exact foundation needed for secure, effective AI implementation in finance. Our vision is to offer all the capabilities of our web and mobile apps through natural conversation with AI, enabling users to work with Payhawk however they prefer.”

The AI agents integrate seamlessly into Payhawk’s enterprise-grade secure infrastructure using established permissions, workflows, and audit trails. Finance teams will maintain the same visibility and control they need while gaining AI’s benefits. This security-first foundation uniquely positions Payhawk to deliver AI that meets finance’s fundamental need for control.

For more information visit: http://payhawk.com/platform/ai-agents?utm_medium=organic&utm_source=pr&utm_campaign=en-uk_lp_spring25

ABOUT PAYHAWK

Payhawk is a leading spend management platform that’s transforming how global businesses handle company spending. By combining corporate cards with extensive proactive controls, employee expenses, accounts payable, and procure to pay processes in a single solution, Payhawk eliminates manual processes that slow companies down. Headquartered in London, with offices across Europe and New York, Payhawk is trusted by finance teams worldwide.

Media contact :
CCGroup, a Hoffman Agency for Payhawk
payhawk@ccgrouppr.com 

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Mews surpasses 12,500 customers as global growth accelerates

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The pioneering hospitality platform is revolutionizing hotel operations and guest experiences at an unprecedented pace

AMSTERDAM, April 2, 2025 /PRNewswire/ — Mews, the leading hospitality technology platform, now serves over 12,500 customers worldwide, increasing its customer base by 85% over the last year and cementing its position as a leader in the industry’s digital transformation. As more hoteliers abandon outdated legacy systems, Mews is redefining what’s possible with cloud-native, AI-enabled automated solutions that maximize efficiency and elevate guest experiences.

Key regions driving this expansion include North America, DACH and France. In North America, Mews doubled its customer base in 2024, while the DACH region recorded an equally impressive 20% market penetration. France also saw rapid adoption, with annual growth hitting 37%. This surge reflects the increasing demand for smarter, more agile hotel management technology.

From introducing AI smart tips providing personalized experiences, to introducing hourly booking services across all spaces and amenities, Mews has driven significant innovation in the hospitality industry, offering unparalleled scalability, automation and operational intelligence for some of the biggest hospitality brands in the world.

“The hospitality industry is at a tipping point – hoteliers can either evolve or be left behind,” said Richard Valtr, Founder of Mews. “Our vision is to make the world a more hospitable place, and Mews does that by empowering hoteliers with the tools they need to thrive in a rapidly changing landscape, simplifying their operations all the while building extraordinary guest experiences. Surpassing 12,500 customers is an exciting milestone, but we’re just getting started.”

Mews powers some of the most forward-thinking hospitality brands, including BWH Hotels, Lark Hotels, Marston’s, Strawberry, Zenitude and Meiser Hotels.

“Our phenomenal growth is proof that the industry is ready to break free from clunky, outdated systems,” said Matt Welle, CEO of Mews. “Hoteliers around the world are recognizing the power of automation. Even in traditionally slow-moving markets, we’re seeing an unstoppable shift towards smarter hospitality, and we’re proud to be a part of this innovation.”

This milestone come on the heels of an additional $75 million investment led by Tiger Global, reinforcing Mews as the technology partner of choice for modern hoteliers. Mews Ventures also recently acquired Atomize, a cutting-edge AI-driven revenue management solution, to further optimize profitability and unlock more revenue efficiencies for hotels worldwide.

About Mews

Mews is the leading platform for the new era of hospitality. Powering over 12,500 customers across more than 85 countries, Mews Hospitality Cloud is designed to streamline operations for modern hoteliers, transform the guest experience and create more profitable businesses. Customers include BWH Hotels, Strawberry, The Social Hub and Airelles Collection. Mews was named Best PMS (2024, 2025) and listed among the Best Places to Work in Hotel Tech (2021, 2022, 2024, 2025) by Hotel Tech Report. Mews has raised $410 million from investors including Growth Equity at Goldman Sachs Alternatives, Kinnevik and Tiger Global to transform hospitality.

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For more information, visit mews.com

For media inquiries, please contact Katie Halfhead: press@mews.com

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Invitation to presentation of EQT AB’s Q1 Announcement 2025

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STOCKHOLM, April 2, 2025 /PRNewswire/ — EQT AB’s Q1 Announcement 2025 will be published on Wednesday 16 April 2025 at approximately 07:00 CEST. EQT will host a conference call at 08:30 CEST to present the report, followed by a Q&A session.

The presentation and a video link for the webcast will be available here from the time of the publication of the Q1 Announcement.

To participate by phone and ask questions during the Q&A, please register here in advance. Upon registration, you will receive your personal dial-in details.

The webcast can be followed live here and a recording will be available afterwards.

Information on EQT AB’s financial reporting

The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.

The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.

Contact

Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Shareholder Relations, shareholderrelations@eqtpartners.com
Rickard Buch, Head of Corporate Communications, +46 72 989 09 11
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

This information was brought to you by Cision http://news.cision.com

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