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Funding Societies Malaysia

kuala lumpur, kuala lumpur, malaysia

+603 9212 0208

About

Funding Societies | Modalku is Southeast Asia's largest unified SME digital finance platform that provides business financing to SMEs, as well as investment opportunities to retail and institutional investors. Launched in early 2017 in Malaysia, Funding Societies is one of the first digital financing platforms to be registered with the Securities Commission of Malaysia. It is also one of the most well-funded FinTech platform in the region, with a USD144 million Series C+ equity funding round led by SoftBank Vision Fund 2, with participation from VNG, Rapyd Ventures, EDBI, Indies Capital, Ascend Vietnam Ventures, Sequoia Capital India and BRI Ventures. Funding Societies is also present in Singapore, Indonesia (where it is known as Modalku), Thailand as well as Vietnam. Funding Societies | Modalku has reached a total of more than RM15 billion in disbursed working capital to more than 100,000 SMEs since its establishment. Through its searing growth, Funding Societies | Modalku remains dedicated to the vision of funding the underserved and growing SMEs, thus improving societies in Southeast Asia. Registered with Securities Commission Malaysia. Modalku Ventures Sdn Bhd 201601019329 (1190266X)

Company Details

HQ Location

kuala lumpur, kuala lumpur, malaysia

Industry

financial services

Employees

Specialties

sme business loans

savings and investments

Founded

2017

kuala lumpur

Unit 15.01 & Unit 15.02, Level 15, Mercu 3,, kuala lumpur, kuala lumpur, malaysia

Director-Level

Manager-Level

Executive-Level

PolicyStreet

PolicyStreet is an insurance technology group of companies providing cutting-edge digital insurance solutions to businesses and consumers in Southeast Asia and Australia. PolicyStreet works directly with over 40 life, general, and takaful providers globally to offer a comprehensive range of products and services, which includes but is not limited to embedded insurance, customised employee benefits, financial advisory and aggregation of insurance, as well as the development of digital solutions to make insurance purposeful & simple for businesses and consumers. As a licensed Reinsurer, General Insurer and Takaful Operator by the Labuan Financial Services Authority (LFSA), an approved Financial Adviser and Islamic Financial Adviser by Bank Negara Malaysia (BNM), and a licensee of the Australian Financial Services License by the Australian Securities and Investments Commission (ASIC), PolicyStreet is able to underwrite, customise policies, and provide unbiased advice to its clients and partners worldwide. PolicyStreet is backed by the Malaysian sovereign wealth fund, Khazanah Nasional Berhad, and serves over 5 million customers with over US$ 10 billion in sum insured. In 2024, PolicyStreet was recognised as "Fintech of the Year" at The Asset's Triple A Digital Awards and ranked as the second-highest Malaysian company in the "High-Growth Companies in Asia Pacific 2024" list by Statista and The Financial Times.