Funding Societies has announced a partnership with Boss Boleh, an online company secretary provider that simplifies company incorporation and secretarial procedures for new businesses.
The partnership aims to address key challenges faced by businesses such as access to financing, corporate administrative hurdles, and how to navigate the latest e-invoicing implementation.
Through this partnership, companies, specifically startups and SMEs in operation for less than one year, can avail either a digital term or invoice financing – supported by Funding Societies, to focus on growing their business and succeed in Malaysia’s evolving business landscape.
Boss Boleh is experienced in helping businesses set up and remain compliant, along with access to accounting and bookkeeping services, incorporation, company secretary, tax and software solutions including e-invoicing.
The partnership between Funding Societies and Boss Boleh enhances its comprehensive support by providing eligible SMEs with access to financial solutions, empowering them to scale seamlessly.
Funding Societies brings a proven digital credit model developed over the past ten years, serving SMEs across Southeast Asia with easy-to-apply financing solutions requiring minimal documentation, providing tailored solutions that truly meet the needs of small businesses.
Chai Kien Poon, Funding Societies Malaysia’s Country Head, remarked, “This partnership with Boss Boleh is another step forward in supporting young entrepreneurs, particularly those with limited financial history, by providing them with tailored financing solutions.
“With the advent of e-invoicing across all business segments, we are also keen to explore the potential benefits of e-invoicing data in enhancing our capabilities in ensuring that underserved businesses can access the funding they need to grow.”
Angie Ng, Co-Founder and CEO of Boss Boleh, said, “Cash is king, and managing cash flow remains the top challenge for business owners—particularly for startups, where many fail due to cash flow issues. This collaboration is especially vital for new businesses, which often struggle to secure bank loans due to a lack of trade history. At Boss Boleh, we provide the support to business owners to simplify the process of preparing the relevant documents and resolutions to apply for a loan facility.”
By combining Boss Boleh’s expertise in digital corporate services with Funding Societies’ extensive experience in SME financing, the collaboration aims to create a more inclusive financial ecosystem for startups and SMEs in Malaysia.