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)
For our Malaysian users, we have added a Filter and Search function in the investments page!
Ratings and Reviews
Awesome New Interface
I like the new interface, it’s a lot more user friendly, especially it stated clearly the income, expenses and balance. Besides, the new simulate returns function is very helpful in helping me make quicker decision. Neat categorization of portfolio as well! Keep up the good work!
Not transparent enough
I am a beginner on investing and I came across this platform and thought like perhaps I could give a try. I invested into a portfolio with a considerably huge amount and unfortunately the portfolio has been declared as defaulted after a few months. Throughout the period from the day when the declaration of default was made to this date, Funding Societies has made a few announcements regarding their countermeasure protocols and actions. It has been six months but the situation has never been any better, and every announcement was giving little and little hope after all. In addition to that, Funding Societies has only been giving written explanations without any evidence provided, such as Letter of Demand or any kind of relevant information. I understand there is a risk of getting defaulted on any investment portfolio but ironically, the one had been declared as defaulted was the one I invested with the largest amount, even for the first time beginner. ;(
Do Not Fall For It
I started trying this app for alternative investment with initial capital of RM1,000 since 1Q2019. My investment selection is purely invoice financing. To date, 40% defaulted, 20% going to be classified as default. Not a huge loss in absolute amount but the default rate is alarming. The credit assessment provided is mediocre. Actually do they care? Nope. They are earning fee based income, when a loan is in default, they do not lose anything. Invest at your own risk!
Data Used to Track You
The following data may be used to track you across apps and websites owned by other companies:
- Contact Info
Data Linked to You
The following data may be collected and linked to your identity:
- Contact Info
Data Not Linked to You
The following data may be collected but it is not linked to your identity:
- Contact Info
Privacy practices may vary based on, for example, the features you use or your age. Learn More
- Funding Societies, Pte. Ltd
- 69.1 MB
- Requires iOS 12.0 or later.
- iPod touch
- Requires iOS 12.0 or later.
- Requires macOS 11.0 or later and a Mac with Apple M1 chip or later.
- Age Rating
- © Funding Societies Capital, Inc.