Funding Societies Hits SGD 200 Million in SME Crowdfunding

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 crowdfunded 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 Crowdfunding

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 crowdfunded 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 …

Funding Societies Named One of the Top 75 FinTech Startups in Southeast Asia

Funding Societies Named One of the Top 75 FinTech Startups in Southeast Asia

FinTech has grown rapidly over the recent years and Southeast Asia is catching up with the trend with the proliferation of new startups and FinTech innovations. Funding Societies is honoured to be included in Techsauce’s “Top 75 FinTech Startups in Southeast Asia” Annual Report. Read more about us and the …