Funding Societies Malaysia Revenue and Competitors

Funding Societies | Modalku is the largest digital P2P financing platform in Southeast Asia. It provides business financing to SMEs which is crowdfunded by retail and institutional investors. Launched in early 2017 in Malaysia, Funding Societies has registered with Securities Commission Malaysia, and is the first and largest P2P financing platform in Malaysia. It is the most well-funded P2P Financing platform in Southeast Asia, with a USD 25 million Series B funding round led by SoftBank Ventures Asia and supported by Sequoia India, Alpha JWC Ventures and Golden Gate Ventures. It has also achieved global accolades, including recognition from United Nations for its work on financial inclusion amongst micro-enterprises and contribution as an SME to social impact in the region. Funding Societies also has presence in Singapore and Indonesia (where it is known as Modalku), becoming one of the largest digital financing platforms in the Southeast Asian region. Funding Societies | Modalku has reached a total of more than RM1 billion in disbursed working capital to more than 100,000 SMEs (small and medium-sized enterprises) financing in Southeast Asia since its establishment Through its searing growth, Funding Societies | Modalku remains dedicated to the vision of funding underserved and growing SMEs, thus improving societies in Southeast Asia.