Funding Societies | Modalku is the largest SME digital financing and debt investment platform in Southeast Asia. Investors, including individuals and institutions jointly invest in financing to SMEs and earn returns in the form of interests. Diversify your investment portfolio by investing in creditworthy local SMEs.
No minimum balance. Low minimum investment amount. Short term & periodic repayments. No hidden fees, no withdrawal fees, investors just pay a one-time fee when they earn interest.
Backed by Sequoia India, Softbank Ventures Asia Corp, SGInnovate, and many others, Funding Societies has facilitated over S$2.38B worth of business loans. Since its launch, it has received multiple awards:
MAS FinTech Award (2016)
Global SME Excellence Award at the United Nations’ ITU Telecom World (2017)
Brands for Good (2019)
The 5 fastest growing FinTechs in Singapore by IDC (2020)
Stevie® Award for Innovation in Technology (2020)
ASEAN Startup of the Year by Global Startup Awards (2020)
Types of Investment Products (Might vary by countries)
Guaranteed Property-backed Investment
Guaranteed Returns Investment
Property-backed Secured Investment
Dealer Financing Investment
Invoice Financing Investment / Accounts Payable Financing Investment/ Accounts Receivable Financing Investment
Revolving Credit Investment
Business Term Investment
Investment starts from S$20 in Singapore, RM100 in Malaysia, Rp100,000.00 in Indonesia and THB10,000 in Thailand
Re-invest quickly with regular repayment for most products
Investment tenor up to 12 months (Singapore) and 24 months (Malaysia, Indonesia and Thailand)
Investors’ funds are kept in a 3rd party escrow account
Advocate ‘Skin in The Game’ philosophy by investing into the notes put up on our platform alongside our investors
Set up Auto Invest / Planned Funding and let the system automatically deploy funds for you based on your investment preferences
Individual Singaporean investors in Singapore can enjoy tax exemption on the interest returns from year 2020 onward
Pricing aligned with investors’ interests
We charge one simple and all inclusive fee from the total interest earned. Investors only pay the service fee when they receive their repayments from the SMEs.
Singapore: 18% of Interests
Malaysia: Varies across products (Business Term - 2% p.a. of Principal and Interests; Others - 15%-30% of Interests)
Indonesia: 3% p.a. of Principal and Interests
Thailand: 3% p.a. of Principal and Interests
Steps to Sign Up
Step 1: Register for an account
Step 2: Fill in the required information (Usage of MyInfo is available in Singapore)
Step 3: Make an initial deposit to activate your account (S$20 in Singapore, RM100 in Malaysia, Rp100,000.00 in Indonesia)
Step 4: Start investing
All investments carry risks. Please ensure that you fully understand the risks involved by reading the Risk Disclosure Statement. The provided images are for display purposes only and are not representative of actual results.
Funding Societies Singapore (Funding Societies Pte. Ltd.)
Licensed by the Monetary Authority of Singapore (MAS) - CMS100572
Please contact email@example.com or call us at +65 6221 0958
Funding Societies Malaysia (Modalku Ventures Sdn Bhd)
Licensed by the Securities Commission Malaysia (SC) - 1190266X
Please contact firstname.lastname@example.org or call us at +603 2202 1013
Modalku (PT Mitrausaha Indonesia Grup)
Licensed by the Indonesia Financial Services Authority (OJK) - 77/POJK.01/2016
Please contact email@example.com or call us at +62 878 6500 8311
Funding Societies Thailand (FS Siam Co., Ltd.)
Licensed by the Securities and Exchange Commission (SEC)
Please contact firstname.lastname@example.org or call us at +66 93 139 9721
Operating hours: Monday to Friday, 9:00 AM to 6:00 PM (excl. public holidays observed in the respective countries)
We have made several minor improvements and bug fixes throughout the app.
Ratings and Reviews
There are white label error on your factsheet. Pls fix.
It would be great if you can add projected cash flow timeline for the investors (separate between principal repayment, interest income, projects via different color or chart) in the future. That way we can time our investment easily
Bug fixes that create more bugs
Fix your engineering team please!
Portfolio page - under the Any category: Ongoing deals is listed without a heading and with no way to click on them for details when there is no investments “in progress”, Completed deals is listed under “Ongoing”. I have to click on the header tab filter buttons in order to be able to see the > chevron for more details.
Clicking on Opt-out doesn’t generate any change in the status until you refresh the list. Clicking on View Repayment Note while in the “Any” header tab filter doesn’t work.
Progress bars disappearing in the Crowdfunding page after refreshing the list a few times. Just remove the animation please. They serve no purpose. Is your UX team saying that it’s less visible without the animation? Change the color then. As a UX professional, it’s readily apparent that either user testing wasn’t done or was poorly done.
Not to mention the recent instability with your API server results in not being able to login on the website or the app getting stuck trying to load. Please add some timeouts instead of making users force close the app.
The sorting of the items under Portfolio is so opaque that makes it really hard to see what’s actually coming up. Filter doesn’t stick either and it’s a temporary page that shows different information than the Portfolio page that it is supposed to filter. Not to mention setting a filter to default only resets filter _options_ instead of setting that filter as the default filter on the Portfolio list.
Developer Response ,
Hi. We're sorry to hear about your experience. If you could detail out the bug you're facing that would be very helpful. Thank you.
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- Funding Societies, Pte. Ltd
- 98.3 MB
- Requires iOS 11.0 or later.
- iPod touch
- Requires iOS 11.0 or later.
- Requires macOS 11.0 or later and a Mac with Apple M1 chip.
- Age Rating
- © Funding Societies Capital, Inc.
With Family Sharing set up, up to six family members can use this app.