Funding Societies announces the launch of FS Bolt - a mobile application to provide flexible working capital loans for local SMEs.
Funding Societies, via Modalku Ventures, will be launching its P2P lending platform in Malaysia first half next year. What is the company's strategy? Goh Thean Eu writes.
The Securities Commission Malaysia (SC) announced the six registered P2P financing platform operators in the country. How will this benefit the country? DNA's Goh Thean Eu reports.
Bank Sinarmas has partnered with P2B lending startup Modalku, allocating about US$760,000 for the latter’s platform to fund micro and small and medium enterprises (MSMEs).
Singapore-based Funding Societies, which has secured US$7.4 million in Series A funding, will be using part of the additional funding to meet with regulatory requirements in the three markets it currently operates in.
P2P lending is gaining traction in Singapore, with local startup Funding Societies having disbursed S$2.4mil worth of loans in the few months since its official launch.