Funding Societies Pte Ltd
|Industry||SME Digital Financing, Alternative Investment|
|Founder||Kelvin Teo, Reynold Wijaya|
|Area served||Singapore, Indonesia, Thailand, Malaysia|
|Brands||Funding Societies, Modalku|
- Funding Societies is one of Southeast Asia’s largest SME digital financing platform.
- Funding Societies operates an online platform that enables Small and Medium Business to seek funding for their growth from a pool of investors, through digital lending.
- The standard loan period ranges from 3 months to 1 year and borrowers can loan up to SGD$2,000,000.
- In January 2016, Funding Societies launched Modalku, which means “My Capital” in Bahasa Indonesia to reach out to SMEs in the Indonesian Market.
- In February 2021, Funding Societies broke into its 4th market, Thailand.