This oversubscribed series B round is the largest raised by a P2P lending platform in Southeast Asia.
Company’s business has grown nine times compared to 2016.
Also welcomes credit portfolio management expert Terry Tse as advisor.
App provides convenience and mobility from sign-up to crowdfunding for alternative investments.
It is the only peer-to-peer lending company from Southeast Asia included in the list.
Indonesian fintech startup is now officially registered and licensed at the Financial Services Authority.
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).
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.