Tag "Modalku"
Funding Societies Crosses US$ 3 Billion Milestone in SME Loan Disbursals
Southeast Asian SME digital financing platform Funding Societies | Modalku has crossed US$3 billion (S$4.1 billion) in disbursals of financing to SMEs with over 5 million transactions. The company reported that it has disbursed loans to close to 100,000 SMEs
Read More
Funding Societies Thailand Surpasses THB 1 Billion in Loan Disbursements
Funding Societies a Southeast Asian Small and Medium Enterprises (SME) digital financing platform, announced that its Thai business has reached THB 1 billion (US$ 27.8 million) in loan disbursements for year-to-date (YTD) 2022. The company said that it is looking
Read More
Funding Societies Makes Co-investment in Indonesia’s Bank Index
Funding Societies, Southeast Asian SME digital financing platform also known as Modalku in Indonesia, announced its investment into Indonesia’s Bank Index alongside Carro, a Southeast Asian automotive marketplace platform. This move signals Funding Societies’ entry into the neobanking space. With
Read More
Funding Societies Raises US$294 Million in Series C+ Led by SoftBank
Funding Societies, a Southeast Asian SME digital financing platform which goes by Modalku in Indonesia, today announced that it has raised US$144 million in an oversubscribed Series C+ equity round. The round was led by SoftBank Vision Fund 2 with
Read More
Bukalapak’s Fintech Could Outgrow its E-Commerce, Said Co-Founder
One cannot talk about startups in Indonesia without bringing up Bukalapak, arguably one of the biggest e-commerce platforms in the nation. Bukalapak has graduated from its startup roots and gained the coveted title of Indonesian unicorn. They are now in the
Read More
10 of The Top Funded Fintechs in Singapore
Depending on whether you count Grab (and that can be a contentious argument), Singapore has yet to produce a homegrown unicorn operating in fintech: but all signs point to one emerging in the future. Singapore only has Hong Kong as
Read More
5 of Indonesia Fintech’s Biggest Funding Rounds of 2018
DailySocial Indonesia recently released a report about their findings on the Indonesian fintech scene, recently notable with the rise of peer-to-peer (P2P) lending. Between December 2017 to November 2018, DailySocial observed at least 14 disclosed funding for fintech startups, noting
Read More
P2P Lending and Digital Lending Fintechs Active in Southeast Asia
The size of the Southeast Asian alternative financing market grew from US$46.65 million in 2015 to a whopping US$215.9 million the following year. That’s almost a fivefold leap in market value in just the span of a year, according to a study
Read More
6 Proudly Singaporean Companies in KPMG’s Fintech100 This Year
The 5th iteration of KPMG’s annual Fintech 100 list has come out recently, in a bid to highlight dynamic fintechs from around the world that are doing something right in the financial services industry, be it digital payments, lending, insurtech,
Read More
15 Inspiring Fintech Founders from South East Asia to Follow
Southeast Asia’s financial services industry is rapidly evolving as a result of disruption from new-age fintech companies and the rapid adoption of fintech solutions. The rise of fintech in the region has been fueled by Southeast Asia’s expanding economies, young-urban-digitally-savvy
Read More