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Fundingsocieties
About
Funding Societies is a digital financing platform that connects SMEs with retail and institutional lenders.
- Singapore,Central Region,Singapore
- 101 - 250
- https://www.fundingsocieties.com.my
Details
- Last Funding Type
- Series Unknown
- Industries
- Commercial Lending,Financial Services,FinTech,Funding Platform,Lending
- Founded date
- Jan 1, 2017
- Number Of Employee
- 101 - 250
- Operating Status
- Active
- Legal Name
- Funding Societies Pte Ltd.
- Also Known As
- Modalku,FS
Funding Societies is a SME digital financing platform in Southeast Asia. It is licensed in Singapore, Indonesia, Thailand, and registered in Malaysia. It is backed by Sequoia India and Softbank Ventures Asia Corp amongst many others and provides business financing to small and medium-sized enterprises (SMEs), which is funded by individual and institutional investors. In 6 years, it has helped finance over 4 million business loans with over S$2 billion in funding. It was given the MAS FinTech Award in 2016, the Global SME Excellence Award at the United Nations’ ITU Telecom World in 2017, KPMG Fintech100 in 2018, Brands for Good in 2019, and in 2020 recognized by IDC as amongst the 5 fastest growing FinTechs in Singapore, won the Stevie® Award for Innovation in Technology, and named ASEAN Startup of the Year by Global Startup Awards.In 2015, co-founders Kelvin Teo, Iwan Kurniawan, and Reynold Wijaya founded Funding Societies. The company is headquartered in Central Region, Singapore.
Funding Rounds
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Aug 22, 2022 | Debt Financing | S$223M | 1 |
HSBC Bank Singapore
|
— | Detail |
| Feb 15, 2022 | Series C | $144M | 7 |
SoftBank Vision Fund
|
— | Detail |
| Feb 15, 2022 | Debt Financing | $150M | — | — | — | Detail |
| Oct 12, 2021 | Series Unknown | — | 1 |
500 TukTuks
|
— | Detail |
| Oct 6, 2021 | Debt Financing | $18M | 2 |
Helicap
Taurus Wealth
|
— | Detail |
Investments
|
Date
Company Name
|
Round | Money Raised | Industry | Lead Investor |
|---|---|---|---|---|
|
Feb 23, 2022
Bank Index
|
Corporate Round | — | Banking | — |
Investors
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
HSBC Bank Singapore
|
Yes | Debt Financing |
|
SoftBank Vision Fund
|
Yes | Series C |
|
500 TukTuks
|
Yes | Series Unknown |
|
Helicap
|
Yes | Debt Financing |
|
Taurus Wealth
|
Yes | Debt Financing |
Lendahand
|
Yes | Debt Financing |
Samsung Venture Investment
|
Yes | Series Unknown |
AMTD ASEAN-Solidarity Fund
|
Yes | Series Unknown |
BRI Ventures
|
Yes | Series C |
Softbank Ventures Asia
|
Yes | Series B |
Employee Profiles
