Funding Societies

1.07K reviews
Content rating
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About this app

Funding Societies | Modalku is the largest P2P Lending platform in Southeast Asia. Investors including individuals and institutions jointly invest in financing to SMEs and earn returns in the form of interests. Get an opportunity to invest in creditworthy local SMEs as a means to diversify your investment portfolio.

No min. balance. Low min. investment amount. Short term & periodic repayments.

Backed by SGInnovate, Sequoia India, Softbank Ventures Asia Corp and many others, Funding Societies has facilitated over S$1.83B worth of business loans crowdfunded. Since launching in 2015, we have received multiple awards such as the MAS FinTech Award in 2016, the Global SME Excellence Award at the United Nations’ ITU Telecom World in 2017, Brands for Good in 2019, recognised by IDC as amongst the 5 fastest growing FinTechs in Singapore, and the Stevie® Award in 2020.

Types of P2P Investment Products (Might vary by countries)
Guaranteed Returns:
Guaranteed Property-backed
Guaranteed Returns

Dealer Financing

Invoice Financing / Accounts Payable Financing / Accounts Receivable Financing
Revolving Credit
Business Term

Key Features
Investment starts from S$20 in Singapore, RM100 in Malaysia, Rp100,000.00 in Indonesia
Ability to re-invest quickly with regular repayment for most products
Investment tenor up to 12 months in Singapore and 24 months in Malaysia & Indonesia
Investors’ funds are kept in a 3rd party escrow account
We 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

Sign Up in 4 Steps
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$100 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 Singapore is part of Funding Societies Pte. Ltd.
Licensed by the Monetary Authority of Singapore (MAS) - CMS100572
Please contact or call us at +65 6221 0958 from Mondays to Fridays 9:00 AM to 6:00 PM SGT (excluding public holidays)
Our Singapore office is located at 112 Robinson Rd, #08-00, Singapore 068902

# Funding Societies Malaysia #
Funding Societies Malaysia is part of Modalku Ventures Sdn Bhd
Licensed by the Securities Commission Malaysia (SC) - 1190266X
Please contact or call us at +603 2202 1013 from Mondays to Fridays 9:00 AM to 6:00 PM MYT (excluding public holidays)
Our Malaysia office is located at Unit 15.01 & Unit 15.02, Level 15, Mercu 3, KL Eco City, Jalan Bangsar, 59200 Kuala Lumpur

# Modalku #
Modalku is part of PT Mitrausaha Indonesia Grup
Licensed by the Indonesia Financial Services Authority (OJK) - 77/POJK.01/2016
Please contact or call us at +62 878 6500 8311 from Mondays to Fridays 9:00 AM to 6:00 PM JKT (excluding public holidays)
Our Indonesia office is located at Unifam Tower, Jl. Panjang Blok X No.1, Kedoya Utara, Kebon Jeruk, Jakarta Barat 11520, Indonesia
Updated on
4 Jul 2022

Data safety

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1.07K reviews
A Google user
27 December 2019
I have to agree with the reviewers, after switching on the auto invest bots and getting lazy to screen through the allocated investments, I have 6 late payments and 1 bankruptcy. This is most defintely a loss on my end. Although my personal opinion is that some fields are misleading, especially on the summary page, the app has definitely been improving.
16 people found this review helpful
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A Google user
22 January 2020
Installed the application and logged in via Wifi. It works intermittently. Raised the issue to them but it was dismissed as being my firewall issue. I logged in from laptop and mobile app, both using Wifi. Once I disconnect my Wifi, it works. I have given all the print screens, but they couldn't help further. Not sure if this is reliable platform. #worry
5 people found this review helpful
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Funding Asia Group
26 August 2020
Sorry to hear about the issue faced. We'd love to assist you further. Do reach out to us via our email or live chat. We'll be sure to help you on the matter.
Bernard Rouhi
6 August 2021
I have been using this app for over 1 and half years now, the UI/UX and information are very limited, you can't filter the specific borrower, you can't see the past performance of the borrower(on time/delay, etc), borrower can request multiple times! and there are not much options in auto investing therefore you could invest in same borrower multiple times! (Which I get my first defaulted, plus don't bother manually investing) I have raise the issue to the support team, nothing has changed.
21 people found this review helpful
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Funding Asia Group
9 August 2021
We're sorry to hear about the situation. We understand where you're coming from and we'll be sure to share this feedback If we may explain, the factsheet info do contains the details of the issuer who made application and the number of notes which are still ongoing. As such we advised for investor to view the factsheet before making an investment.

What's new

We have made several minor improvements and bug fixes throughout the app.