Crowdo

What Crowdo does

Crowdo is a Singapore-headquartered regional fintech platform offering alternative financing and embedded B2B banking services to small and medium enterprises (SMEs) across Southeast Asia. Founded in 2013 and operating in Singapore, Indonesia, and Malaysia, the company is licensed by Malaysia's Securities Commission as a Recognized Market Operator (Equity Crowdfunding Platform) through Crowdo Malaysia Sdn Bhd, and is registered with Indonesia's Financial Services Authority (OJK) through its Singapore parent, Crowdonomic Media Pte Ltd. The platform reports over 38,000 members and 3,500+ funded projects across the three markets, with stated cumulative disbursements of US$73.8 million+ since its Series A round and a stated portfolio IRR of 20.0%.

The platform's technology stack is organized around three interlocking product lines: an Equity Funding Platform that enables SMEs and startups to raise capital from investors, a Peer-to-Business (P2B) Lending channel that connects lenders with SME borrowers, and an Embedded B2B Finance suite combining Innovate Credit Scoring analysis, business accounts with no monthly fees, and supply chain digitalization features. The Crowdo Connect mobile app extends investing access on the go, and the platform supports both English and Bahasa Indonesia localization. Distribution is anchored by the website (crowdo.com) and supplemented by organic social channels (Facebook, Twitter, LinkedIn, Instagram) and a corporate blog.

Revenue is generated primarily through transaction fees on equity crowdfunding placements and P2B loan facilitation, supplemented by a freemium recurring model on business account services. The go-to-market combines direct-to-consumer digital acquisition (website and mobile app self-serve onboarding) with a channel-led partnership with Malaysia's NIMP 2030 Strategic Co-Investment Fund (CoSIF), a government-backed matched-investment program. Target customer segments span SMEs, startups, women-led enterprises (via ESG-driven financing products), and Malaysian mid-tier companies in strategic manufacturing sectors aligned with NIMP 2030 priorities.

Name

Crowdo

Legal name

Crowdo Malaysia Sdn Bhd

Website

https://crowdo.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

Crowdo is a Singapore-headquartered fintech platform offering equity crowdfunding, P2P lending, and embedded B2B finance for SMEs across Singapore, Indonesia, and Malaysia. It is licensed as a Recognized Market Operator by Malaysia's Securities Commission and registered with Indonesia's OJK.

Ownership category

akta.pro rank

Product category

SME Digital Lending Platform

NAICS

Other Financial Vehicles (525990)

SIC

Short-Term Business Credit Institutions (6153), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

P2P Small Business / SME Marketplace Lending (FSAKAHAC)

akta.pro secondary industry

P2P Secured / Collateralized Lending (General) (FSAKAHAJ)

Keywords

• Peer-to-business lending
• Equity crowdfunding
• SME neobanking
• Embedded B2B finance
• Supply chain digitalization

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Equity Crowdfunding Fees: Crowdo operates an equity crowdfunding platform where SMEs and startups raise capital in exchange for equity, with the platform earning fees from facilitating these transactions.
2. Peer-to-Business (P2P) Lending: Crowdo facilitates peer-to-business lending, connecting investors with SMEs seeking financing, earning fees or spreads on loans disbursed.
3. Business Account Services: Business account offerings with no monthly fees for SMEs, enabling various business transactions and financial services.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels4 records

Core offering

Crowdo operates a digital financial solutions platform offering equity crowdfunding and peer-to-business (P2P) lending that connects investors with SMEs in Emerging Asia. The platform also provides embedded B2B finance capabilities including supply chain digitalization tools and no-monthly-fee business accounts for SMEs. The service is delivered through a proprietary Neobank technology platform and licensed by the Securities Commission Malaysia and Indonesia's Financial Services Authority (OJK).

Product overview

Crowdo is a regional fintech platform offering alternative financing solutions across peer-to-business (P2P) lending, equity crowdfunding, and embedded B2B finance. The platform operates as a unified ecosystem consisting of: (1) the Equity Funding Platform for SMEs and startups, (2) the P2P Lending platform for peer-to-business financing, (3) Crowdo Connect mobile app for on-the-go investing, and (4) Embedded B2B Finance solutions including Supply Chain Digitalization and Business Account services. The company also partners with Malaysia's NIMP 2030 through the CoSIF co-investment program. Launched in 2013, Crowdo is licensed by Securities Commission Malaysia and Financial Services Authority Indonesia, serving markets in Singapore, Indonesia, and Malaysia.

Differentiator

Problem solved

Functional benefit

Products and services

• Equity Funding Platform Equity crowdfunding platform that enables SMEs and startups to raise capital in exchange for equity from a community of investors. The platform operates as a Recognized Market Operator (Equity Crowdfunding Platform) under Securities Commission Malaysia and is registered with Indonesia's OJK.
• Crowdo Connect Mobile App
• Peer-to-Business (P2P) Lending Platform Peer-to-business lending service that connects individual or institutional lenders with SMEs seeking working capital and growth financing. The platform facilitates loan disbursement and earns fees/spreads on loans originated.
• Embedded B2B Finance Suite

Quantifiable outcome

• 20.0% Portfolio Return (IRR)
• +3 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators11 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Funding Societies (Modalku): Funding Societies (operating as Modalku in Indonesia) is a Singapore-headquartered P2P lending and equity crowdfunding platform serving SMEs across Singapore, Indonesia, and Malaysia. It is Crowdo's most direct regional competitor with overlapping product suite and geography.
• Validus Capital: Validus is a Singapore-licensed P2P lending platform providing working capital financing to SMEs, with operations spanning Singapore, Indonesia, and Vietnam. It competes directly with Crowdo for SME borrowers and retail/institutional lender capital across Southeast Asia.
• KoinWorks: KoinWorks is an Indonesia-focused P2P lending and embedded finance platform serving SMEs and individuals. It directly overlaps with Crowdo's Indonesian P2P lending and supply-chain digitalization offerings, supported by OJK registration.
• Amartha: Amartha is an Indonesian OJK-licensed P2P lending fintech focused on micro and SME financing, with a strong impact-investing angle. Its mission alignment with women borrowers and rural SMEs overlaps with Crowdo's ESG positioning and Indonesian footprint.
• Ethis Venture: Ethis operates a Shariah-compliant equity crowdfunding platform for impact SMEs across Indonesia and Malaysia. It overlaps with Crowdo's equity crowdfunding and ESG-driven SME financing, particularly in Islamic-finance-aligned segments.
• PitchIN: PitchIN is a Malaysian Securities Commission-registered equity crowdfunding platform serving SMEs. It competes head-to-head with Crowdo's Malaysian ECF operations for issuer and investor mindshare in the local market.
• Minterest: Minterest is a Singapore-based P2P lending platform focusing on Southeast Asian SME and consumer credit, with regional ambitions. Its Singapore base and SME focus place it in direct competition with Crowdo for retail lender capital.

Broad incumbents

• Funding Circle: Funding Circle is a globally established SME P2P lending platform founded in the UK and listed on the London Stock Exchange. While operating in different geographies, it is a benchmark incumbent that validates the SME P2P lending business model Crowdo is pursuing.
• LendingClub: LendingClub is a US-listed pioneering P2P lending marketplace. It serves as a broader incumbent reference point for online lending marketplace models, though focused on consumer rather than SME credit.

Emerging players

• Wecashier / Atome: Atome is a Singapore-headquartered digital financial services and embedded commerce platform expanding into SME financing across Southeast Asia. It represents an emerging competitor with broader fintech ambitions that intersect with Crowdo's embedded B2B finance vision.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/crowdohq
• Facebookfacebook.com/crowdo
• LinkedInlinkedin.com/company/crowdo
• Instagraminstagram.com/officialcrowdo

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds4 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Crowdo