Funding Societies also has presence in Singapore and Indonesia (where it is known as Modalku). Funding Societies | Modalku has reached a total of more than RM1 billion in disbursed working capital to more than 100,000 SMEs (small and medium-sized enterprises) financing since its establishment. Through its searing growth, Funding Societies | Modalku remains dedicated to the vision of funding underserved and growing SMEs, thus improving societies in Southeast Asia.
Funding Societies | Modalku is Southeast Asia in Malaysia, Funding Societies has registered with Securities Commission Malaysia, and is the first and largest SME digital financing platform in Malaysia. The most well-funded digital financing platform in the region, with a USD 25 million Series B funding round led by SoftBank Ventures Asia and supported by Sequoia India, Alpha JWC Ventures and Golden Gate Ventures. It has also achieved global accolades, including recognition from United Nations for its work on financial inclusion amongst micro-enterprises and contribution as an SME to social impact in the region.