Tagged: reynold wijaya

March 16, 2022 @ 10:38 pm By JD Alois  |  

Funding Societies, a leading Asian online investing marketplace, says it will purchase up to $16 million in employee securities to provide current and former employees liquidity. Last month, Funding Societies announced a $294 million funding round led by SoftBank. Under the plan, all eligible former… Read More

February 16, 2022 @ 11:30 am By JD Alois  |  

Funding Societies, an online capital formation platform serving Asia, has announced $294 million in funding led by SoftBank. According to a statement by the company, USD $144 million was raised in an oversubscribed Series C+ equity round led by SoftBank Vision Fund 2, with new… Read More

February 8, 2021 @ 10:30 pm By JD Alois  |  

Singapore based Funding Societies has announced the expansion of operations into Thailand. The online capital formation platform will operate under a crowdfunding license authorized by the Thai Securities and Exchange Commission. According to a note from Funding Societies, the company worked for more than a… Read More

December 15, 2020 @ 9:15 pm By JD Alois  |  

Funding Societies has received an investment from Samsung Venture Investment Corporation, according to a note from the Fintech.  Details on the investment were not disclosed. Samsung Venture is an investment arm of the South Korean conglomerate, Samsung Group, and has been an active investor in… Read More

September 16, 2019 @ 1:13 am By Omar Faridi  |  

United Nations Development Program (UNDP), an organization that provides expert advice, training, and grants to developing countries, is partnering with Silicon Valley venture capital firm and project accelerator 500 Startups, in order to make investments in Indonesia’s emerging startup ecosystem. The UNDP will be working… Read More

April 17, 2018 @ 11:00 pm By JD Alois  |  

Singapore based Funding Societies has closed a USD $25 million Series B funding round. The peer to peer lending platform said the oversubscribed offer was led by Softbank Ventures Korea. Additionally, Funding Societies said it has received expanded credit facilities from banks and other financial… Read More

January 10, 2018 @ 2:15 pm By Samantha Hurst  |  

Modalku, an Indonesia-based peer-to-peer lending fintech startup, successfully surpassed $74 million (Rp 1 trillion) in total crowdfunded MSME loans. This news comes just a little over six months after the company announced it was fully registered with the Otoritas Jasa Keuangan (OJK). As previously reported, Modalku was… Read More

June 22, 2017 @ 9:36 am By Samantha Hurst  |  

Modalku, an Indonesia-based peer-to-peer lending fintech startup, announced this week it is now fully registered with the Otoritas Jasa Keuangan (OJK). Founded in 2016, Modalku describes itself as an online marketplace for small businesses to acquire loans and for lenders to fund small business loans to… Read More

August 4, 2016 @ 12:28 am By JD Alois  |  

Funding Societies, a Singapore-based “peer to business” lending marketplace, has raised a respectable S$ 10 million in a Series A funding round.  The investment was led by Sequoia India, part of the legendary Sequoia VC group. Funding Societies believes this is the largest investment in… Read More

February 12, 2016 @ 7:01 am By JD Alois  |  

Bank Sinarmas, a Jakarta based financial institution, has formed a partnership with recently launched peer to peer lender Modalku to more easily provide access to capital to SMEs joining a global trend of traditional finance partnering with innovative Fintech firms. The partnership with Sinarmas Bank… Read More

January 14, 2016 @ 1:39 am By Midori Yoshimura  |  

Based in Jakarta, Indonesia, a new marketplace for peer-to-peer (P2P) lending officially launched today to give Indonesia’s small and medium enterprises (SMEs) greater access to funding by means of loans pooled from crowdfunding, according to a story in the JakartaGlobe. Modalku offers companies quick access to non-collateral loans with interest rates between… Read More