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About: Funding Societies     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : dbo:Organisation, within Data Space : dbpedia.org associated with source document(s)

Type: Thingcompanyschema:Organizationdul:Agentdul:SocialPersonagentwikidata:Q24229398OrganizationBusiness enterpriseorganisation New Facet based on Instances of this Class

Funding Societies is Southeast Asia’s largest digital financing platform for small and medium-sized enterprises (SMEs), headquartered in Singapore. It was the first such platform in Singapore to engage an escrow agency to independently and safely manage investors’ funds. In Indonesia it is known as Modalku (which means My Capital in Indonesian language). The platform crossed S$ 1Bn in loans given out in 2019 making it the largest such platform in the region. To date, it has given out more than S$2.5 billion in financing through 4.8 billion loans across the region.