Description
Funding Societies Malaysia is a Kuala Lumpur-based digital financing platform and part of the broader Modalku Group, recognized as the largest peer-to-peer (P2P) lending platform for SMEs in Southeast Asia. The company connects local, underserved small businesses needing growth capital with retail and institutional investors seeking solid returns.
The company operates by utilizing alternative credit-scoring algorithms and digital data points to quickly assess business risk. It offers a variety of financing products, including micro-financing, invoice financing, and dealer financing, allowing SMEs to secure uncollateralized loans online while allowing investors to participate via an intuitive web and app dashboard.
Regulated by the Securities Commission Malaysia, Funding Societies has disbursed billions of ringgit in business financing across the region. It is backed by heavy-hitting investors, including SoftBank Vision Fund 2 and Khazanah Nasional, and has won global accolades such as the Global SME Excellence Award at the ITU Telecom World.
The platform is focused on expanding its comprehensive digital financial offerings for businesses, including rolling out specialized Islamic financing solutions and corporate card services. The platform excels through its extremely fast, alternative-data-driven SME loan approvals that successfully bypass traditional, rigid banking hurdles.
General Information
Listing Logo
Leave feedback about this
You must be logged in to post a comment.