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Modalku Group announced the acquisition of CardUp, a fintech startup providing payment solutions from Singapore with an undisclosed amount. CardUp capabilities will complement Modalku’s loan products in order to provide more integrated financial services for ...
Modalku Group inaugurated its business expansion in Vietnam. This move marks the fifth expansion of the Modalku Group in Southeast Asia after Indonesia, Singapore, Malaysia, and Thailand, to accommodate MSME players who have limited access ...
The Modalku Group (known as Funding Societies in Singapore, Malaysia and Thailand) together with automotive trading platform Carro announced a co-investment in PT Bank Index Selindo (Bank Index). There is no mention of the value ...
The Modalku Group (known as Funding Societies in Singapore, Malaysia, and Thailand) announced the buyback of the Employee Stock Option Plan (ESOP) for $16 million or equivalent to 229.3 billion Rupiah. This corporate action follows ...
The Modalku Group announced a series C+ funding round of $144 million (approximately 2.06 trillion Rupiah) led by Softbank Vision Fund 2, with participation from VNG Corporation, Rapyd Ventures, EDBI, Indies Capital, Ascend Vietnam Ventures, ...
Funding Societies (known as Modalku in Indonesia) announced the start of operations in Thailand, after obtaining a crowdfunding license from the Thailand Securities and Exchange Commission (SEC) in February 2021. Simultaneously, the company obtained initial ...
Modalku collaborates with Bukalapak regarding the financing of MSMEs in the BukaProcurement ecosystem. MSMEs in the ecosystem can get financing of up to IDR 500 million with a loan duration (tenor) of up to 60 days. This collaboration provides convenience ...
The latest report from the global news platform Salam Gateway shows that Indonesia is the fifth largest share of the Islamic financial technology (fintech) market in the world. Startup Investree also noted that millennials dominate ...
PT Mitrausaha Indonesia Group or Modalku is again expanding into Thailand, another Southeast Asian region after successfully penetrating the Indonesian, Malaysian, and Singapore markets. Modalku has now officially launched a peer-to-peer (P2P) lending platform brand ...
Financing financial technology (fintech lending) companies Modalku, Akseleran, and Akulaku recorded a two-fold increase in loan distribution last year. The targeted sectors are online merchants in e-commerce and health. Lending by Modalku has more than ...
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