Funding Societies | Modalku Clinched Top Honour at the Global SME Finance Awards 2022

2210 FS SG SME Finance Award 22 Blog Banner rev

Funding Societies | Modalku Group won Platinum in the Category of Responsible Digital Innovator of the year at the 2022 Global SME Finance Awards held in Phnom Penh, Cambodia, during the Global SME Finance Forum 2022 that took place between 19-21 September. The awards honour outstanding financial institutions that expanded …

Starting the Year Right with Funding Societies

Start The Year Right

We kickstarted January of 2019 by hosting our first investor events of 2019. On the 22nd of January, some of our existing investors (in the Prestige, Platinum and Gold tiers of FS Privilege loyalty program) were invited to an exclusive dinner and update. Our co-founder, Kelvin Teo, shared our 2018 …

Funding Societies named on the 2018 Fintech 250 list by CB Insights

Funding Societies named on the 2018 Fintech 250 list by CB Insights

CB Insights has named Funding Societies to the second annual Fintech 250 list, a prestigious group of emerging private companies working on groundbreaking financial technology. This is also the second consecutive year that Funding Societies has been included in the prestigious list.

Funding Societies Hits SGD 200 Million in Loans Disbursed

Funding Societies Co-founders Kelvin Teo and Reynold Wijaya

Funding Societies is heartened to announce we have surpassed the SGD 200 million mark in total funded SME loans. This achievement came just 6 months after crossing SGD 100 million in January this year. In the same period, its investor base has also increased from about 40,000 to  75,000, indicating …

Funding Societies Surpasses SGD 100 Million in SME Loans Disbursed

Kelvin Teo & Reynold Wijaya Co-Founders of Funding Societies

We welcome the start of 2018 with wonderful news: Funding Societies crossed the SGD 100 million mark in total funded SME loans across Singapore, Indonesia, and Malaysia. We are proud to have achieved our growth responsibly, while maintaining a default rate of 1.5%. Kelvin Teo, our Co-Founder and CEO, commented, …

Funding Societies (Modalku) Won the Global SME Excellence Award

Funding Societies (Modalku) Is the First Southeast Asian Company to Win the Global SME Excellence Award from United Nations’ ITU Telecom

At the end of September 2017, Funding Societies (Modalku) won the Global SME Excellence Award during the ITU Telecom World Awards, held this year at Busan, South Korea. The honour makes Funding Societies (Modalku) the first Southeast Asian company to win the award. The Global SME Excellence Award recognizes the …