Registered name : –
Type : Fintech Startup
Sector : Invoice Trading; Balance Sheet Property Lending; Balance Sheet Business Lending; P2P / Marketplace Property Lending; P2P / Marketplace Business Lending
Description : Funding Societies | Modalku is the largest SME digital financing platform in Southeast Asia. It is licensed in Singapore, Indonesia, Thailand, registered in Malaysia, and operating in Vietnam. It is backed by Sequoia India, Softbank Ventures Asia Corp, and Samsung Venture Investment Corporation 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$2.5 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 recognised 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 2021, it was honourably mentioned as Responsible Digital Innovator of the Year by SME Finance Forum, and won 3rd ASEAN Fintech at the Singapore Fintech Festival Global Fintech Awards.
Product or service stage : Establish
Funding stage : Series C
Employee : 201-500