Startup
Funding Societies
Singapore, Singapore, Singapore · est. 2015
- Founded
- 2015
- Sectors
- fintech · SME lending · payments
Southeast Asia's largest SME digital financing platform (Modalku in Indonesia), founded in Singapore in 2015 by two Harvard Business School classmates; licensed in Singapore, Indonesia, Malaysia and Thailand. Raised a US$144m Series C+ led by SoftBank Vision Fund 2 (2022), later backed by Khazanah and Maybank.
People & team
Founders
Kelvin Teo, Reynold Wijaya
Key people
- Kelvin TeoCo-founder & Group CEO
- Reynold WijayaCo-founder
- Status
- Active
- Type
- startup
- Founded
- 2015
- Sectors
- fintechSME lendingpayments
Sources
3 sources- 01Funding Societies portfolio profileSGInnovateaccessed 2026-09-24sginnovate.com
- 02Funding Societies raises $25MTechCrunchaccessed 2026-09-24techcrunch.com
- 03Funding Societies scores $144mFinTech Globalaccessed 2026-09-24fintech.global