Funding Societies 3.5.5
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Free Version
Publisher Description
Funding Societies | Modalku is the largest SME digital financing and debt investment platform in Southeast Asia. Investors, including individuals and institutions jointly invest in financing to SMEs and earn returns in the form of interests. Diversify your investment portfolio by investing in creditworthy local SMEs.
No minimum balance. Low minimum investment amount. Short term & periodic repayments. No hidden fees, no withdrawal fees, investors just pay a one-time fee when they earn interest.
Backed by Sequoia India, Softbank Ventures Asia Corp, SGInnovate, and many others, Funding Societies has facilitated over S$2.38B worth of business loans. Since its launch, it has received multiple awards:
MAS FinTech Award (2016)
Global SME Excellence Award at the United Nations’ ITU Telecom World (2017)
Brands for Good (2019)
The 5 fastest growing FinTechs in Singapore by IDC (2020)
Stevie® Award for Innovation in Technology (2020)
ASEAN Startup of the Year by Global Startup Awards (2020)
Types of Investment Products (Might vary by countries)
Guaranteed Returns:
Guaranteed Property-backed Investment
Guaranteed Returns Investment
Asset-backed:
Property-backed Secured Investment
Dealer Financing Investment
Others:
Invoice Financing Investment / Accounts Payable Financing Investment/ Accounts Receivable Financing Investment
Revolving Credit Investment
Business Term Investment
Key Features
Investment starts from S$20 in Singapore, RM100 in Malaysia, Rp100,000.00 in Indonesia and THB10,000 in Thailand
Re-invest quickly with regular repayment for most products
Investment tenor up to 12 months (Singapore) and 24 months (Malaysia, Indonesia and Thailand)
Investors’ funds are kept in a 3rd party escrow account
Advocate ‘Skin in The Game’ philosophy by investing into the notes put up on our platform alongside our investors
Set up Auto Invest / Planned Funding and let the system automatically deploy funds for you based on your investment preferences
Individual Singaporean investors in Singapore can enjoy tax exemption on the interest returns from year 2020 onward
Pricing aligned with investors’ interests
We charge one simple and all inclusive fee from the total interest earned. Investors only pay the service fee when they receive their repayments from the SMEs.
Singapore: 18% of Interests
Malaysia: Varies across products (Business Term - 2% p.a. of Principal and Interests; Others - 15%-30% of Interests)
Indonesia: 3% p.a. of Principal and Interests
Thailand: 3% p.a. of Principal and Interests
Steps to Sign Up
Step 1: Register for an account
Step 2: Fill in the required information (Usage of MyInfo is available in Singapore)
Step 3: Make an initial deposit to activate your account (S$20 in Singapore, RM100 in Malaysia, Rp100,000.00 in Indonesia)
Step 4: Start investing
Disclaimer:
All investments carry risks. Please ensure that you fully understand the risks involved by reading the Risk Disclosure Statement. The provided images are for display purposes only and are not representative of actual results.
Funding Societies Singapore (Funding Societies Pte. Ltd.)
Licensed by the Monetary Authority of Singapore (MAS) - CMS100572
Please contact info@fundingsocieties.com or call us at +65 6221 0958
Funding Societies Malaysia (Modalku Ventures Sdn Bhd)
Licensed by the Securities Commission Malaysia (SC) - 1190266X
Please contact info@fundingsocieties.com.my or call us at +603 2202 1013
Modalku (PT Mitrausaha Indonesia Grup)
Licensed by the Indonesia Financial Services Authority (OJK) - 77/POJK.01/2016
Please contact info@modalku.co.id or call us at +62 878 6500 8311
Funding Societies Thailand (FS Siam Co., Ltd.)
Licensed by the Securities and Exchange Commission (SEC)
Please contact thailand@fundingsocieties.com or call us at +66 93 139 9721
Operating hours: Monday to Friday, 9:00 AM to 6:00 PM (excl. public holidays observed in the respective countries)
Mar 11, 2024
Version 3.5.5
We have fixed a few issues and made some improvements
About Funding Societies
Funding Societies is a free app for iOS published in the Accounting & Finance list of apps, part of Business.
The company that develops Funding Societies is Funding Societies, Pte. Ltd. The latest version released by its developer is 3.5.5.
To install Funding Societies on your iOS device, just click the green Continue To App button above to start the installation process. The app is listed on our website since 2024-03-11 and was downloaded 6 times. We have already checked if the download link is safe, however for your own protection we recommend that you scan the downloaded app with your antivirus. Your antivirus may detect the Funding Societies as malware if the download link is broken.
How to install Funding Societies on your iOS device:
- Click on the Continue To App button on our website. This will redirect you to the App Store.
- Once the Funding Societies is shown in the iTunes listing of your iOS device, you can start its download and installation. Tap on the GET button to the right of the app to start downloading it.
- If you are not logged-in the iOS appstore app, you'll be prompted for your your Apple ID and/or password.
- After Funding Societies is downloaded, you'll see an INSTALL button to the right. Tap on it to start the actual installation of the iOS app.
- Once installation is finished you can tap on the OPEN button to start it. Its icon will also be added to your device home screen.
