MODALKU
Modalku is an online marketplace based in Jakarta, Indonesia for small businesses to acquire loans and for lenders to fund small business loans to earn compelling returns. Its technology-based approach enables borrowers to receive loans for the first time or at lower than market rates, while lenders will earn returns well above that of bank deposits, traditional fixed income products, and life insurance investment-linked products. This marketplace lending model is proven in countries such as USA, UK, China & Singapore.
MODALKU
Industry:
B2B Consumer Lending E-Commerce Financial Services FinTech Lending Marketplace Small And Medium Businesses
Founded:
2016-01-01
Status:
Active
Total Funding:
296.13 M USD
Technology used in webpage:
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Current Employees Featured
Kelvin Teo Co-Founder @ Modalku
Co-Founder
Iwan Kurniawan Co-founder and Chief Operating Officer @ Modalku
Co-founder and Chief Operating Officer
2015-10-01
Reynold Wijaya Co-Founder and CEO @ Modalku
Co-Founder and CEO
2016-01-01
Founder
Investors List
BRI Ventures
BRI Ventures investment in Series C - Modalku
Indies Capital Partners
Indies Capital Partners investment in Series C - Modalku
EDBI
EDBI investment in Series C - Modalku
Ascend Vietnam Ventures
Ascend Vietnam Ventures investment in Series C - Modalku
SoftBank Vision Fund
SoftBank Vision Fund investment in Series C - Modalku
VNG
VNG investment in Series C - Modalku
K3 Ventures
K3 Ventures investment in Series C - Modalku
Sequoia Capital India
Sequoia Capital India investment in Series C - Modalku
Rapyd Ventures
Rapyd Ventures investment in Series C - Modalku
Triodos Investment Management
Triodos Investment Management investment in Debt Financing - Modalku
Investments List
| Date | Company | Article | Money raised |
|---|---|---|---|
| 2019-10-29 | Paper.id | Modalku investment in Series A - Paper.id | N/A |
More informations about "Modalku"
Modalku - Crunchbase Investor Profile & Investments
Modalku is an online marketplace based in Jakarta, Indonesia for small businesses to acquire loans and for lenders to fund small business loans to earn compelling returns. Its technology …See details»
Funding Societies - Wikipedia
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Modalku - Forbes
Indonesia-based Modalku, called Funding Societies in its sister operations in Singapore and Malaysia, is a peer-to-peer digital lending platform that connects cash-strapped small to medium...See details»
Modalku - Funding, Financials, Valuation & Investors - Crunchbase
Modalku is online marketplace based in Jakarta, Indonesia for small businesses to acquire loans & for lenders to fund small business loans.See details»
Modalku Company Overview, Contact Details & Competitors
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Funding Societies Malaysia | LinkedIn - LinkedIn Malaysia
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P2P lender Modalku grows to disburse 1 million loans
Nov 4, 2024 · Bridging financing gap across three countries, Funding Societies/Modalku’s machine learning based risk assessment model, partnership ecosystem and range of loan services facilitated it to grow exponentially …See details»
Debt Financing - Modalku - 2023-09-26 - Crunchbase
Dailysocial.id — Modalku Announces Obtaining Debt Funding of 414 Billion Rupiah News • Sep 26, 2023 Tech in Asia — Funding Societies raises $27m in debt to widen SME supportSee details»
Modalku Group raises USD 249 million in funding for expansion …
Feb 16, 2022 · JAKARTA - The Modalku Group, namely Funding Societies, a digital funding platform for Micro, Small and Medium Enterprises (MSMEs) in Southeast Asia officially …See details»
Modalku's ESG Journey: Driving Sustainable Growth …
Aug 3, 2023 · Modalku is the pioneering digital financing platform that connects borrowers (SMEs) who need working capital loans for their business, with lenders. Modalku has been operating in Indonesia since 2016 and is also …See details»
How Kelvin Teo Co- Founder Of Funding Societies | Modalku …
Aug 14, 2020 · Kelvin Teo is the co-founder of Funding Societies | Modalku. Selected as Top 200 FinTech Influencers in Asia and appointed Co-Chairperson for the Marketplace Lending …See details»
Maybank Announces Strategic Investment in Funding Societies, …
SINGAPORE, Sept. 11, 2024 /PRNewswire/ -- Maybank, a dedicated banking partner to more than 1 million small and medium enterprises across ASEAN, today announced a strategic …See details»
Modalku Group channels US$ 3 billion in financing in 5 countries
Apr 18, 2023 · Modalku Group, a fintech platform, has channeled US$ 3 billion in financing to 100 thousand Micro, Small and Medium Enterprises (MSMEs) debtors in five countries, including …See details»
Fintech: Digital Finance Platform Funding Societies Secures $27m …
Sep 26, 2023 · Funding Societies, also known as Modalku, Southeast Asia’s largest unified SME digital finance platform, has successfully secured $27 million in debt funding, led by private …See details»
Funding Societies crosses US$3 billion in SME Lending, doubles …
Apr 18, 2023 · Funding Societies | Modalku is the largest unified SME digital finance platform in Southeast Asia. It is licensed in Singapore, Indonesia, Thailand, registered in Malaysia, and …See details»
Softbank-Backed Modalku Expects Positive Cashflow in Two Years
Jun 7, 2022 · Modalku, also known as Funding Societies, has disbursed over $2 billion of loans by matching small borrowers with investors seeking returns. The company seeks to fill the $300 …See details»
Series C - Modalku - 2022-02-16 - Crunchbase Funding Round …
Feb 16, 2022 · Funding Societies — Modalku raises US$294m to fuel expansion plans in Southeast Asia News • Feb 16, 2022 dailysocial.id — Modalku Bags Over 2 Trillion Rupiah in …See details»
How we built a strong Documentation Culture at Funding
Aug 25, 2021 · So, how do we at Funding Societies | Modalku group build a documentation culture? Here are some tips and tricks you can use to build a strong documentation culture at …See details»
Iwan Kurniawan - Co-founder and Chief Operating Officer
Iwan Kurniawan invested in Maxi on Jul 28, 2022. Iwan Kurniawan is the Co-founder and Chief Operating Officer at Modalku. Additionally, Iwan Kurniawan has had 1 past job as the …See details»