Funding Societies: Funding, Investors & Team (Sep 2026)
Funding Societies | Modalku, the largest SME digital finance platform in Southeast Asia, operates in multiple countries and is supported by notable investors including SoftBank Vision Fund 2 and Sequoia Capital India. This platform provides funding for small and medium-sized businesses, with over S$4.7 billion in funding for more than 5 million business loans. Founded in 2015, it is the best-funded digital lending platform in the region, with a USD 25 million Series B funding round led by SoftBank Ventures Asia. The goal of Funding Societies | Modalku is to support underserved SMEs and promote financial access in Southeast Asia.
Funding Societies has raised $418M across 8 funding rounds on record, the most recent an undisclosed round announced in Mar 2025.
Funding Societies Company Profile and Key Stats
Latest funding round on record: Mar 2025.
Funding Societies Funding Rounds
4 of 8 rounds were announced without a disclosed amount and are excluded from the total.
Funding Societies announced an undisclosed round in Oct 2021; the amount was not disclosed.
4 months later, a Debt Financing of $150M was announced in Feb 2022.
6 months later, a Debt Financing of $160M was announced in Aug 2022.
1.3 years later, an undisclosed round of $7.5M was announced in Nov 2023.
2 months later, an undisclosed round was announced in Jan 2024 with no disclosed amount.
8 months later, an undisclosed round was announced in Sep 2024 with no disclosed amount.
2 months later, an undisclosed round of $100M was announced in Nov 2024.
4 months later, an undisclosed round was announced in Mar 2025 with no disclosed amount.
Funding Societies Founders and Leadership Team
Contact details for the Funding Societies team: 1 of 1 has an email address on file.
Start 14-day free trial →Funding Societies Funding Compared to Other Financial Services Startups
Funded Startups Like Funding Societies in Financial Services and Singapore
Companies Similar to Funding Societies
Founded by Jeffrey Liu and Justin Louie, Jenfi is an alternative revenue-based financing company for…
Ant International wants to be the most creative and reliable digital partner to promote growth that is…
Elite Commercial REIT is a real estate investment firm. They principally invest, directly or indirectly, in…
Handshake Finance is a fintech company that builds the first accessible and highly customizable industry…
Biobot Surgical is a global technology provider in minimally-invasive robotic healthcare solutions.
Thakral is a dynamic firm that delivers solutions and services to drive sustainability in the area of real…
MetaComp delivers secure, seamless solutions for managing both traditional and digital assets.
Lyte provides a fintech platform for solopreneurs, freelancers, real estate agents, and SMEs in Singapore and…
UangCermat seeks to close the gap between South East Asia's underbanked and unbanked populations and their…
Knight FinTech specializes in financial technology for Banks and Financial Institutions in the area of…
Southeast is a financial technology company that employs advanced data and artificial intelligence to support…
Funding Societies Funding FAQs
What does Funding Societies do?
Funding Societies | Modalku, the largest SME digital finance platform in Southeast Asia, operates in multiple countries and is supported by notable investors including SoftBank Vision Fund 2 and Sequoia Capital India. This platform provides funding for small and medium-sized businesses, with over S$4.7 billion in funding for more than 5 million business loans. Founded in 2015, it is the best-funded digital lending platform in the region, with a USD 25 million Series B funding round led by SoftBank Ventures Asia. The goal of Funding Societies | Modalku is to support underserved SMEs and promote financial access in Southeast Asia.
How much funding has Funding Societies raised?
Funding Societies has raised $418M across 8 rounds on record.
When did Funding Societies last raise funding?
Funding Societies' most recent funding round on record was announced in Mar 2025. The amount was not disclosed.
Who founded Funding Societies?
FundedIQ lists Kelvin Teo (Founder) at Funding Societies.
Where is Funding Societies headquartered?
Funding Societies is based in Singapore, Central Region, Singapore.
How many employees does Funding Societies have?
Funding Societies is in the 101-250 employee band.
About FundedIQ's Funding Societies Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Funding Societies is left off this page rather than filled in.
Know who just raised. Then know who to reach.
Every newly funded startup with its round, its investors and its founders: delivered weekly by email, or searchable in the app.
Alerts from $19/mo · Pro from $99/mo. Card required, nothing charged until day 15, and we email you 3 days before that.