Funding Societies | Modalku Group

We founded our company in Singapore in 2015. We are now the largest SME digital financing and debt investment platform in Southeast Asia, licensed and active in Singapore, Indonesia, Malaysia, and Thailand.

We provide fast financing to small and medium-sized businesses (SMEs). Funds come from retail and institutional investors, as well as high-net-worth individuals. We focus on short-term financing solutions.

Our financing options include:

• Start-Up Financing with 0% interest on timely repayments
• Micro Loans up to S$150,000, disbursed in 24 hours
• Business Term Loans (unsecured) up to S$1 million with tenures up to 36 months
• Accounts Payable Financing to extend supplier payments
• Accounts Receivable Financing to unlock cash from invoices
• Property Backed Secured Financing up to 80% of valuation with longer tenures

We also offer a Trade Term Loan facility up to SGD 300,000. This finances invoices 100% upfront, with funds disbursed within two working days and repaid over six equal monthly installments. This product is part of Enterprise Singapore’s (ESG) Enterprise Financing Scheme and is fulfilled by FS Capital Pte Ltd.

The Funding Societies brand includes Funding Societies Pte. Ltd., FS Capital Pte. Ltd., FS Technologies Pte. Ltd., and CardUp Pte. Ltd.

We have financed over S$2 billion in business loans regionally and received recognition such as the MAS FinTech Award and the Global SME Excellence Award from the United Nations. We were also included in the Fintech100 by KPMG and H2 Ventures.

Our mission is to uplift societies in Southeast Asia by creating financial opportunities for everyone and providing fair financial access for SMEs in the region.

Our core values, called ‘GET FS!’, guide our culture and employee behavior. These values are:

• Grow Relentlessly: Striving to become your best, most authentic self.
• Enable Teamwork, Disable Politics: Forging togetherness for mutual success.
• Test | Measure | Act: Emphasizing curiosity, innovation, and experimentation for reinvention.
• Focus on Impact: Creating impact through action and tangible results.
• Serve with Obsession: Building long-term, win-win relationships through customer obsession.

We have between 201 and 500 employees. Our culture focuses on creating a meaningful society. We encourage employees to work smart and focus on making an impact, aligning with our mission to improve societies across Southeast Asia.

We are a fast, agile, diverse group that celebrates successes and respects each other as ‘one FSMK’. Co-founders Kelvin Teo and Reynold Wijaya emphasize a ‘slow and steady’ approach to growth, prioritizing sustainability over hyper-growth.

Our work environment is dynamic and flexible. We promote teamwork, customer focus, and delivering measurable results.

We offer several employee benefits. This includes flexible paid vacation, observed holidays by country, and time off for special days like birthdays and work anniversaries.

We offer flexible working arrangements to suit different work styles and personal needs. Health insurance covers employees and their dependents. We also provide mental health and wellness programs, including access to well-being coaching.

Employees receive a company laptop and technical support.