Happy 2019 from Funding Societies!
Let’s take a look at some of the key highlights in 2018.
Table of Contents
Series B Round
We raised a series B round of US$25 million, led by Softbank Ventures Korea, along with existing investors Sequoia India, Alpha JWC Ventures (Indonesia) and Golden Gate Venture and new investors Qualgro and LINE Ventures. It’s also the largest Series B funding ever raised by a Peer-to-Peer (P2P) lending platform in Southeast Asia.
We launched our first secured loan facility, property-backed secured loan. This gives not just investors an opportunity to diversify their portfolio further, but also SMEs another financing option for their businesses.
Investors with Benefits
We launched FS Privilege, our investor loyalty program.
For every dollar you invest with Funding Societies, you earn a loyalty point.
As you accumulate loyalty points, you upgrade to new tier, unlocking special promotions and exclusive features. Stay tuned as we bring you more features and benefits.
New App Interface
We refreshed our mobile app to improve your mobile investing experience. In addition to changing the app interface to a cool dark themed UI, we have also updated the investor dashboard to show more data. At Funding Societies | Modalku, we always strive to bring about the best experience to our users. We would like to thank the investors who participated in the mobile app beta, who indicated their interest on our community forum, Crowdfundtalks.
Top 100 Fintech in the world
We were the only P2P Lending platform from Southeast Asia to be included in the prestigious Fintech100, an annual list celebrating the top 100 leading financial technology innovators from around the world. The list is also a collaboration between KPMG and H2 Ventures following extensive global research and data studies. It features the world’s leading 50 ‘Established Innovators’, along with 50 most intriguing ‘Emerging Stars’. We were also honoured to be named by the United Nations Capital Development Fund (UNCDF) for our efforts in solving the financial inclusion problem in Southeast Asia by making financing accessible to creditworthy SMEs. We were among just 11 companies across 5 Southeast Asian countries that made the Fintech100 list.
We would like to take this opportunity to thank all our investors, partners & SME clients for their support.
Are you looking to diversify your portfolio in the new year? Join over 90,000 investors on Funding Societies’ crowdfunding platform.
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- All new Property-Backed Investment with Guaranteed Returns - August 21, 2020
- How Diversification Can Help to Minimise Risks in P2P Lending - June 17, 2020
- An Overview of P2P Lending in Singapore - June 14, 2020