CB Insights, one of the world’s leading private research companies within the startup ecosystem, has named Funding Societies to the celebrated Fintech 250 list, a select group of emerging private companies working on groundbreaking financial technology. Funding Societies, which operates in Singapore, Indonesia, and Malaysia, is the only peer-to-peer (P2P) lending company from Southeast Asia selected to be on the list.
Together with companies such as Stripe, Ant Financial Services, Funding Circle and Dianrong, Funding Societies was recognized for its financial innovations in front of an audience of 1000 senior executives from around the world and esteemed news outlets including The New York Times, The Wall Street Journal, The Financial Times, Reuters, and Bloomberg.
“We are humbled to be named amongst the Fintech 250 globally and be the only digital lender on the list from Southeast Asia.” said Funding Societies co-founder Kelvin Teo. “Funding Societies currently serves Singapore, Malaysia and Indonesia, where it is known as Modalku, or My Capital in Bahasa. While each country is vastly different and requires us to rethink from scratch, it is a region we’re passionate in. We believe technology advancement in financial services can truly benefit societies here.”
Funding Societies connects underserved SMEs looking for working capital loans and retail investors seeking attractive alternative instruments. Shortly after its fundraising from Sequoia India, Funding Societies has grown to become one of the largest peer-to-peer lending platforms in Southeast Asia.
For the full list of companies recognized by CB Insights, click here.