Funding Societies, Southeast Asia's largest SME digital finance platform, has secured a strategic equity investment from Gobi Partners to enhance its offerings and support financial inclusion for underserved businesses.

Information on the Target

Kuala Lumpur-based Funding Societies | Modalku (Funding Societies) is the largest digital finance platform catering to small and medium-sized enterprises (SMEs) in Southeast Asia. The platform has gained recognition for its innovative approach to SME financing and for actively addressing the region's significant credit gap, which exceeds US$2.5 trillion. The recent strategic equity investment from Gobi Partners highlights investor confidence in Funding Societies' robust business model, resilience, and commitment to empowering underserved businesses across the region.

Founded in 2015, Funding Societies has established itself as a leader in SME financing. In addition to its primary lending activities, the company has expanded its services to include payment solutions since 2022, enabling it to offer a comprehensive suite of financial tools tailored to meet the diverse needs of SMEs. Kelvin Teo, Co-founder and Group CEO, emphasizes the platform's dedication to financial inclusion, reiterating that SMEs are essential to Southeast Asia’s economic framework.

Industry Overview in Southeast Asia

Southeast Asia’s economic landscape is characterized by a vibrant SME sector that plays a crucial role in job creation and economic growth. Despite their important contributions, SMEs in the region face persistent challenges, n