FS Capital, the direct lending arm of Funding Societies — one of Southeast Asia’s largest digital financing platforms for SMEs — has officially joined the National Credit Bureau (NCB) in Thailand.
This step reflects Funding Societies’ goal to go beyond digital lending and become a key financial partner, helping Thai SMEs gain better access to funding.
Funding Societies operates in five Southeast Asian countries: Thailand, Singapore, Malaysia, Indonesia, and Vietnam. In Thailand, FS Capital focuses on providing flexible and tailored direct loans to SME entrepreneurs.
With real-time access to credit information from the National Credit Bureau (NCB), the company can better assess borrowers’ creditworthiness, speed up loan approvals, and reduce paperwork for SMEs. It can also share clients’ credit histories with the bureau, helping SMEs showcase their track record when applying for loans.
Mr. Vikas Jain, Country Head of Funding Societies Thailand, commented, “Becoming an NCB member marks a pivotal step for us, granting access to real-time SME credit data while also sharing the data of the company’s customers with the bureau. This ensures that our already automated loan approval processes become even faster and more efficient, ultimately benefiting the SMEs we serve while also being able to contribute to a more data-driven financing ecosystem.”
Dr. Luxmon Attapich, Chief Executive Officer of National Credit Bureau Co., Ltd. (NCB), said “NCB is pleased to welcome Funding Societies Thailand as our newest member. We truly appreciate the company’s recognition of the crucial role that credit information plays in enabling accurate lending assessments, as well as its confidence in NCB’s services that support fast, transparent, and responsible digital lending for SMEs. This collaboration will enhance the ability of SMEs to access the financing they need, strengthen their competitiveness and contribute to the sustainable growth of the Thai economy.”
SMEs play a vital role in Thailand’s economy, making up 99.5% of all businesses, providing over 69% of jobs, and contributing more than 35% of GDP. Supporting SMEs not only helps individual businesses grow but also strengthens the overall competitiveness and flexibility of the Thai economy.
However, many SMEs struggle to access financing. Around 80% cannot get loans from traditional banks due to issues like insufficient collateral, incomplete documents, or non-compliant accounts creating a gap between business needs and available capital.
By joining the National Credit Bureau (NCB), Funding Societies can access SME credit data in real time (with the entrepreneur’s consent). This reduces paperwork, increases transparency and speeds up loan approvals. Entrepreneurs can plan better, apply for loans on time, and secure funding that meets their business needs. At the same time, the credit data shared with NCB helps other lenders assess risk more accurately, reduce non-performing loans, and build confidence in high-potential SMEs.
Faster access to credit allows SMEs to invest in innovation, grow their operations, and create more jobs, benefiting the broader Thai economy. Real-time credit information also supports the market’s demand for quick, transparent, and SME-focused lending.
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