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
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
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.
World Bank Advisory Council Member Dr. Muhamad Chatib Basri Joins Funding Societies as Advisor
Funding Societies is excited to announce that Dr. Muhamad Chatib Basri, a highly regarded economist and member of the World Bank Advisory Council on Gender and Development as company advisor. Dr. Basri’s expertise and experience in macroeconomics and the regulatory field will serve as valuable support towards Funding Societies’ vision: …
Funding Societies Hits SGD 200 Million in Loans Disbursed
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 …
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A note from Kelvin Teo, CEO: Funding Societies Raises US$25 Million in Series B Funding Led by SoftBank Ventures Korea
When I registered to be the first investor on Funding Societies on 5 May 2015, it was on the earliest version of our website, with a backend system that could only fund one type of financing product. We had a lean team of 5 supporting both our borrowers and investors …
Funding Societies Surpasses SGD 100 Million in SME Loans Disbursed
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
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 …
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Funding Societies is the Only Digital Lending Company from Southeast Asia included in the prestigious Fintech 250 List
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 Digital lending …
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Funding Societies Wins “Best Customer Experience – Alternative Financial Service Providers”
Singapore, 14 June 2017 – We are humbled and honoured to receive the award for the “Best Customer Experience – Alternative Financial Service Providers” at the 3rd annual Financial Services Summit and Awards 2017. We’ve spent the last 8 months making leaps in improving our platform and enhancing the user …
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