SME lender Funding Societies raises $144M led by SoftBank Vision Fund 2, plus $150M in debt lines – TechCrunch

Small businesses are the backbone of Southeast Asia’s economy, but many struggle to secure working capital loans because they don’t have traditional credit records or collateral, say the founders of Funding Societies. The fintech, which claims to be the region’s largest SME digital financing platform, uses alternative forms of credit-scoring and has disbursed more than…

SME lender Funding Societies raises $144M led by SoftBank Vision Fund 2, plus $150M in debt lines – TechCrunch

Small businesses are the backbone of Southeast Asia’s economy, but many struggle to secure working capital loans because they don’t have traditional credit records or collateral, say the founders of Funding Societies. The fintech, which claims to be the region’s largest SME digital financing platform, uses alternative forms of credit-scoring and has disbursed more than…

Researchers Link ShadowPad Malware Attacks to Chinese Ministry and PLA

Cybersecurity researchers have detailed the inner workings of ShadowPad, a sophisticated and modular backdoor that has been adopted by a growing number of Chinese threat groups in recent years, while also linking it to the country’s civilian and military intelligence agencies. “ShadowPad is decrypted in memory using a custom decryption algorithm,” researchers from Secureworks said…

European operators want platforms to contribute towards infrastructure

A number of large European operators are calling for content platforms to contribute towards the cost of infrastructure. In a joint statement, the CEOs of Vodafone, Telefónica, Deutsche Telekom, and Orange have expressed their opinion that content platforms should contribute towards building the connectivity infrastructure they rely on. “The current situation is simply not sustainable.…

European operators want platforms to contribute towards infrastructure

A number of large European operators are calling for content platforms to contribute towards the cost of infrastructure. In a joint statement, the CEOs of Vodafone, Telefónica, Deutsche Telekom, and Orange have expressed their opinion that content platforms should contribute towards building the connectivity infrastructure they rely on. “The current situation is simply not sustainable.…

European operators want platforms to contribute towards infrastructure

A number of large European operators are calling for content platforms to contribute towards the cost of infrastructure. In a joint statement, the CEOs of Vodafone, Telefónica, Deutsche Telekom, and Orange have expressed their opinion that content platforms should contribute towards building the connectivity infrastructure they rely on. “The current situation is simply not sustainable.…