Funding Societies Malaysia

What Funding Societies Malaysia does

Funding Societies Malaysia, operating through the legal entity Modalku Ventures Sdn Bhd, is an SME alternative digital financing platform that operates a peer-to-peer marketplace connecting Malaysian small and medium enterprises seeking financing with retail and institutional investors. The company is registered with the Securities Commission Malaysia as a Recognized Market Operator under the Capital Markets and Services Act 2007, and was among the first P2P platforms licensed in Malaysia; investor funds are safeguarded by Maybank acting as trustee. Its technology stack centers on an online marketplace with digital onboarding, credit and risk assessment workflows, ESG risk integration into underwriting, and investor-facing automation features such as the Auto Invest Bot and Max Issuer Exposure controls.

The platform offers two product families. On the borrower side, products include Micro Financing/-i (up to RM200,000, no collateral, 5-day disbursement), Business Term Financing/-i (including a Portfolio Guarantee variant co-guaranteed by CGC), Invoice Financing/-i, Dealer Financing for used cars and motorcycles, Property-Backed Secured Financing, and Hire Purchase. On the investor side, offerings include conventional and Islamic investment notes (Guaranteed Investment Notes returning up to 8% p.a.), Business Term Investment notes returning up to 18% p.a., and the Tradeview Funding Societies Income Fund — a professionally managed private credit fund targeting 6% annually with RM10,000 minimum. The SME Solutions Hub layers adjacent business tools (accounting, logistics, e-invoicing, payments) onto financing customers as an ecosystem retention mechanism.

Revenue is generated primarily through transaction fees: arrangement, penalty, and collection fees from SME issuers, plus service fees on investor returns. The company has facilitated approximately RM15 billion in financing to Malaysian SMEs and US$3.5 billion regionally across 5 million transactions, reaching 200,000+ registered investors in Malaysia and 100,000+ businesses across Southeast Asia. The group operates in five markets (Malaysia, Singapore, Indonesia, Thailand, Vietnam) and is backed by Sequoia Capital, SoftBank, AlphaJwc, Khazanah Nasional, and CGC Digital, among others.

Name

Funding Societies Malaysia

Legal name

Modalku Ventures Sdn Bhd

Website

https://fundingsocieties.com.my

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

101–250 employees

Short description

Funding Societies Malaysia is a Securities Commission-registered peer-to-peer digital financing platform that connects underserved Malaysian SMEs seeking financing (micro, term, invoice, dealer, property-backed) with retail and institutional investors, operating across five Southeast Asian markets with RM15 billion+ facilitated to Malaysian SMEs.

Ownership category

akta.pro rank

Product category

Alternative SME Financing

NAICS

Sales Financing (52222), Open-End Investment Funds (525910)

SIC

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

akta.pro primary industry

P2P Small Business / SME Marketplace Lending (FSAKAHAC)

akta.pro secondary industries

P2P Loan Syndication & Participation Platforms (FSAKAHAL), Supply Chain Finance (Trade Credit, PO/Inventory Financing) (FSAKAGAE)

Keywords

• Peer-to-peer lending
• SME digital financing
• Invoice financing
• Shariah-compliant financing
• Alternative investment notes

Headquarters

HQ city

Kuala Lumpur

HQ country

Malaysia

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Platform Arrangement Fees: Funding Societies earns arrangement fees from issuers (borrowers) for arranging and facilitating financing between investors and SMEs. Fees include arrangement fees, miscellaneous fees, penalty fees for late payments, and collection fees.
2. Service Fees on Investments: Service fees charged to investors on their investment returns. Promotional campaigns show service fees ranging from 0% to 50% off standard rates.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels8 records

Core offering

Funding Societies Malaysia operates a Securities Commission Malaysia-registered P2P digital financing marketplace that connects Malaysian SMEs seeking short-term working capital with retail and institutional investors. Borrowers access a portfolio of conventional and Islamic (/-i) financing products including micro, term, invoice, dealer, property-backed, and hire purchase financing, while investors purchase investment notes with returns up to 14-18% p.a. The platform monetizes through arrangement and service fees on both sides of the marketplace.

Product overview

Funding Societies Malaysia operates as an SME Alternative Digital Financing Platform that connects SMEs with investors through an online marketplace. It offers a portfolio of financing products for borrowers (Micro Financing/-i, Business Term Financing/-i, Invoice Financing/-i, Dealer Financing for used cars and motorcycles, Property-Backed Secured Financing, and Hire Purchase) and investment products for investors (Guaranteed Investment Notes, Guaranteed Islamic Investment Notes, and the Tradeview Funding Societies Income Fund managed by Tradeview Capital). The platform also provides a SME Solutions Hub offering third-party business tools as an add-on for financing customers. The platform is registered with the Securities Commission Malaysia as a Recognized Market Operator for P2P Financing.

Differentiator

Problem solved

Functional benefit

Brands

• Tradeview Funding Societies Income Fund: A private credit fund launched in partnership with Tradeview Capital, focused on Malaysian SMEs with targeted annual returns of 6%.
• SME Solutions Hub

Products and services

• Micro Financing/-i Short-term working-capital financing of up to RM 200,000 for SMEs with at least 6 months of operation, disbursed within 5 working days with no collateral required. The -i variant offers a Shariah-compliant alternative.
• Business Term Financing/-i Flexible short-term business financing for working capital and business expansion with larger applicable amounts than micro financing; available in conventional and Shariah-compliant (-i) variants.
• Business Term Financing - Portfolio Guarantee (PG) Business term financing partially secured by CGC (Credit Guarantee Corporation Malaysia) through the Islamic SME Portfolio Guarantee Scheme, with guarantee provided at the transactional level for digital supply chain financing.
• Invoice Financing/-i Converts unpaid invoices into immediate cash for account payables, receivables, and facilities purchases, available in conventional and Shariah-compliant (-i) variants.
• Dealer Financing - Used Car Inventory and operational financing tailored specifically for used car dealerships to support vehicle procurement and cash-flow needs.
• Dealer Financing - Motorcycle Invoice financing tailored for motorcycle dealerships to manage inventory and accelerate cash flow.
• Property-Backed Secured Financing Secured business financing leveraging property as collateral to access larger funding amounts for business growth.
• Hire Purchase Hire purchase solution for SMEs to acquire equipment or business assets through installment payments.
• Guaranteed Investment Note Investment notes with effectively guaranteed principal and scheduled payments, offering returns up to 8% p.a.; includes Term Financing (MBBG) and Bullet Financing (MBSG) variants for individual and institutional investors.
• Guaranteed Islamic Investment Note Shariah-compliant investment notes with guaranteed principal and returns up to 8% p.a.; includes Term Financing (MBIBG) and CGCD (MBIDG) variants for Shariah-compliant investors.
• Tradeview Funding Societies Income Fund (TFSIF) Private credit fund managed by Tradeview Capital Sdn. Bhd., investing in short-term notes issued by Malaysian SMEs with collateral-backed and guaranteed notes; targets 6% annual steady returns with a RM 10,000 minimum investment.

Quantifiable outcome

• RM 15 billion+ disbursed to Malaysian SMEs
• +5 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature4 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Tradeview CapitalcoreStrategic or Co-development Partner · 16 October 2025Launched Tradeview Funding Societies Income Fund (TFSIF), a private credit fund focused on Malaysian SMEs. Tradeview Capital manages the fund professionally with licensing from SC Malaysia, providing steady returns of 6% annually through investments in SME-issued notes.
• Bank Pembangunan Malaysia BerhadcoreStrategic or Co-development Partner · 2 August 2024Partnership to enhance SME financing access in Malaysia. Bank Pembangunan Malaysia Berhad collaborates with Funding Societies to provide additional financing channels for SMEs.
• CGC (Credit Guarantee Corporation Malaysia Berhad)coreStrategic or Co-development Partner · 26 June 2024Partnership via Islamic SME Portfolio Guarantee Scheme providing additional RM30 million in financing to SMEs. CGC provides guarantee at transactional level for digital supply chain financing.
• Good Foodie MediaminorStrategic or Co-development Partner · 29 May 2024Collaboration to offer instalment plans for SMEs to access digital marketing services. SMEs can use Funding Societies financing to pay for Good Foodie Media marketing services in installments.
• Malayan Banking Berhad (Maybank)coreOthersTrustee agency managing investors' money. First platform in Malaysia to engage a trustee agency to manage investor funds.
• Bukku AccountingminorGTM or Marketing PartnerPartnership through SME Solutions Hub offering 40% OFF + 30-day FREE Trial on accounting software for financing applicants.
• LalamoveminorGTM or Marketing PartnerPartnership through SME Solutions Hub offering RM50 Delivery Credit for financing applicants needing logistics services.
• JomeInvoiceminorGTM or Marketing PartnerPartnership through SME Solutions Hub providing LHDN-Ready e-Invoicing solutions with 90-day Premium Access for RM2 to financing applicants.
• CardUpminorGTM or Marketing PartnerPartnership through SME Solutions Hub offering cash flow management solutions allowing payment of business expenses with credit card for financing applicants.

Scale indicators15 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Funding Societies | Modalku (Regional Group): The regional parent brand operating the same P2P SME financing platform across Malaysia, Singapore, Indonesia, Thailand, and Vietnam. Directly comparable in product, business model, and target market; the Malaysian entity is one of its core operating markets.
• KoinWorks (Indonesia): One of Indonesia's largest P2P/SME lending platforms, offering business financing, invoice financing, and investment products. Directly comparable as a regional peer operating the same P2P marketplace model for SMEs across Southeast Asia.
• Fundaztic (Pepper Money): A Securities Commission Malaysia-registered P2P platform operated by Pepper Finance, providing SME/business financing through investor-funded notes. Comparable in regulatory posture, product structure, and target MSME segments within Malaysia.
• SkolaFund: A Malaysian P2P financing platform registered with SC Malaysia, offering business financing to SMEs through an investor marketplace. Comparable as a domestic direct competitor targeting the same Malaysian MSME financing opportunity.
• Capital Match (Singapore/Thailand): A Southeast Asian P2P invoice financing and SME lending platform with operations in Singapore and Thailand. Comparable in marketplace structure, focus on SME financing (especially invoice financing), and cross-border SEA presence.
• microLEAP Malaysia: A Malaysian P2P financing platform registered with Securities Commission Malaysia, focusing on SME financing and retail investor returns. Directly comparable as a domestic P2P competitor targeting similar micro/SME borrowers and retail investors.
• Validus (Singapore): A Singapore-headquartered P2P SME lending platform with regional operations, offering business financing to SMEs and returns to investors. Comparable in marketplace structure, target borrower segment, and regulatory model.

Broad incumbents

• Funding Circle (UK): A global incumbent in P2P/SME lending, listed on the London Stock Exchange, providing business loans via an institutional and retail investor marketplace. Comparable as a global benchmark for the P2P SME financing business model, though operating at much larger scale and with different geographic focus.

Emerging players

• Aspire (Singapore): A Singapore-based digital financing platform serving SMEs with working capital and business credit products. Comparable in serving Southeast Asian SMEs but with a different product mix (more focused on corporate cards and lines of credit) and a tech-startup target customer.
• Atome Financial (APAC): A Singapore-headquartered digital consumer and SME financing platform operating across Southeast Asia. Comparable as a regional fintech credit platform with BNPL and SME offerings, though with more consumer-retail orientation than Funding Societies' pure SME focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/fundsocietiesmy
• Facebookfacebook.com/fundingsocietiesmalaysia
• LinkedInlinkedin.com/company/funding-societies-malaysia
• Instagraminstagram.com/fundingsocietiesmy
• TikToktiktok.com/@fundingsocietiesmy

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries4 records

Funding overview

Funding rounds1 record

Investors1 record

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 Funding Societies Malaysia