Funding Societies Revenue and Competitors

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Location

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Total Funding

Fintech

Industry

Estimated Revenue & Valuation

  • Funding Societies's estimated annual revenue is currently $14.8M per year.(i)
  • Funding Societies's estimated revenue per employee is $130,000

Employee Data

  • Funding Societies has 114 Employees.(i)
  • Funding Societies grew their employee count by -26% last year.
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation
#1
$18.2M13020%N/AN/A

Funding Societies | Modalku is the largest Peer-to-Peer lending platform in Southeast Asia. We provide business financing to SMEs which is crowdfunded by retail and institutional investors as well as high-net-worth individuals. In 4 years, we have financed over 85,000 business loans at over S$400 million. Founded in 2015 in Singapore, Funding Societies | Modalku is currently licensed and operating in Singapore, Indonesia and Malaysia. We are the most well-funded P2P lending platform in Southeast Asia, with a USD 25 million Series B funding round led by SoftBank Ventures Asia, the early-stage venture capital arm of Japanese investment giant Softbank Group, and supported by Sequoia India, Alpha JWC Ventures and Golden Gate Ventures. We have also achieved global accolades for its works on financial inclusion to make financing accessible to SMEs in Southeast Asia, which includes the MAS FinTech Award, the Global SME Excellence Award from United Nations, and the prestigious global Fintech100. Funding Societies | Modalku is dedicated to the vision of funding underserved SMEs and making a positive impact in society. We exist to enable fair financial access to Southeast Asia. Check out our story: https://blog.fundingsocieties.com/our-story/

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Total Funding

114

Number of Employees

$14.8M

Revenue (est)

-26%

Employee Growth %

N/A

Valuation

N/A

Accelerator

Funding Societies News

2022-04-19 - Funding Societies announces co-investment in Bank Index

(Left) Gimin Sumalim, president director of Bank Index and Kelvin Teo, co-founder & group chief executive officer of Funding Societies...

2022-04-17 - Funding Societies, Carro announce investment into Bank Index

In a statement, Funding Societies – known as Modalku in Indonesia – said that the investment will support the company's business strategy into...

2022-04-13 - Dedoco partners with Funding Societies to augment KYC for ...

This rollout augments Funding Societies' current digital Know-Your-Customer (KYC) process and enables it to serve more underserved MSMEs...

2018-04-18 - P2P lender Funding Societies raises $25m in Series B round led by SoftBank Korea

Premium Peer-to-peer (P2P) lending platform Funding Societies has raised $25 million in a Series B funding round led by SoftBank Ventures Korea, in what could perhaps be the largest financing round for a P2P lender in Southeast Asia. Continue reading this story with a subscription to DealStree ...

2018-04-17 - Funding Societies, a Southeast Asian lending platform, gets $25M Series B led by Softbank Ventures Korea

Funding Societies co-founders Reynold Wijaya and Kelvin Teo. Funding Societies, a peer-to-peer lending platform in Southeast Asia, said today that it has raised a $25 million Series B led by Softbank Ventures Korea, the Japanese tech conglomerate’s early-stage venture capital unit. The round in ...

Company NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
#1
$24.2M115117%N/A
#2
$19M115109%N/A
#3
$16.1M11693%$77.2M
#4
$18.7M1170%N/A
#5
$16.4M11719%N/A