Reynold Wijaya
Funding Societies raises US$25 million in series B round
This oversubscribed series B round is the largest raised by a P2P lending platform in Southeast Asia.
Modalku Group hits US$74mil in total crowdfunded MSME loans
Company’s business has grown nine times compared to 2016.
Modalku becomes first P2P lending company to join IACPM
Also welcomes credit portfolio management expert Terry Tse as advisor.
Modalku launches mobile app for lenders
App provides convenience and mobility from sign-up to crowdfunding for alternative investments.
Modalku makes it into CB Insights’ Fintech 250 list
It is the only peer-to-peer lending company from Southeast Asia included in the list.
Modalku launches Merchant Cash Advance for underbanked MSMEs
Indonesian fintech startup is now officially registered and licensed at the Financial Services Authority.
Bank Sinarmas allocates US$760K to Funding Societies’ Modalku platform
Bank Sinarmas has partnered with P2B lending startup Modalku, allocating about US$760,000 for the latter’s platform to fund micro and small and medium enterprises (MSMEs).
Filling the gap between investors and SMEs
P2P lending is gaining traction in Singapore, with local startup Funding Societies having disbursed S$2.4mil worth of loans in the few months since its official launch.
