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About Funding Societies Modalku Group
Funding Societies, also known as Modalku in Indonesia, is a prominent digital financing platform based in Singapore. Founded in February 2015, it specializes in offering short-term financing solutions to small and medium-sized enterprises (SMEs) across Southeast Asia, including countries like Indonesia, Malaysia, Thailand, and Vietnam. The company aims to bridge the funding gap faced by SMEs, emphasizing its mission of "Stronger SMEs, Stronger Societies."
The platform connects SMEs with individual investors through peer-to-peer lending, providing quick and user-friendly access to credit. Funding Societies has facilitated over US$5.2 billion in financing through more than 5.1 million loan transactions, showcasing its extensive customer base. The company has also formed significant partnerships, including one with DBS Bank, and has successfully raised substantial funding to support its operations. With a workforce of over 500 employees, Funding Societies is dedicated to enhancing financial opportunities for SMEs in the region.
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