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Funding Societies valuation, funding and investors

fundingsocieties.com ↗LinkedIn ↗

Funding Societies works in SME digital financing solutions, based in Singapore. Founded in 2015, it has about 481 employees.

Loans & Financing Singapore Growth Equity
VALUATION · TODAY
$237M −10% after Growth
Range $95.3M – $391M · Grade C
TODAY
+12 MO
$2.00B
$4.00B
$6.00B
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
Series A $7.45M
Series B $25.0M
Series C $294M
Growth $25.0M
ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then
HEADCOUNT · TODAY481 employees
−2%6m growth
−3%1y growth
+244%2y growth
200
400
600
Data from Jan 2021
TODAY
Predicted in 1 yr $215M −10% vs today
Predicted next raise $26.9M if a round comes
Winding-down probability 24%
Last round
Growth · $25.0M · Dec 2024
Valuation at last round
$242M · implied
Headcount
481 · flat
Grade
C
Founded
2015
How VCMC values companies →

Funding Societies valuation today

VCMC values Funding Societies at $237M today, with a range of $95.3M to $391M and a grade of C. The valuation starts from its last funding round, a growth round in Dec 2024.

Valuation by date (147 rows)

Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.

Funding Societies: valuation by date, as the model would have shown it on each date
DateValuationRangePredicted in 1 yrPhaseHeadcountTrendGradeWinding-down probability
1 Jan 2015$2.64M$0.96M – $7.26M$2.77M (+5%)before first round–unknownD0%
1 Feb 2015$2.65M$0.97M – $7.29M$2.78M (+5%)before first round–unknownD0%
1 Mar 2015$2.66M$0.97M – $7.31M$2.79M (+5%)before first round–unknownD0%
1 Apr 2015$2.67M$0.97M – $7.34M$2.80M (+5%)before first round–unknownD0%
1 May 2015$2.68M$0.98M – $7.37M$2.81M (+5%)before first round–unknownD0%
1 Jun 2015$2.69M$0.98M – $7.40M$2.82M (+5%)before first round–unknownD0%
1 Jul 2015$2.70M$0.98M – $7.43M$2.83M (+5%)before first round–unknownD0%
1 Aug 2015$2.71M$0.99M – $7.46M$2.91M (+7%)before first round–unknownD0%
1 Sep 2015$2.73M$0.99M – $7.49M$2.99M (+10%)before first round–unknownD0%
1 Oct 2015$2.74M$1.00M – $7.52M$3.06M (+12%)before first round–unknownD0%
1 Nov 2015$2.75M$1.00M – $7.54M$3.15M (+15%)before first round–unknownD0%
1 Dec 2015$2.76M$1.00M – $7.57M$3.23M (+17%)before first round–unknownD0%
1 Jan 2016$2.77M$1.01M – $7.60M$3.32M (+20%)before first round–unknownD0%
1 Feb 2016$2.78M$1.01M – $7.63M$3.41M (+23%)before first round–unknownD0%
1 Mar 2016$2.79M$1.02M – $7.66M$3.49M (+25%)before first round–unknownD0%
1 Apr 2016$2.80M$1.02M – $7.69M$3.59M (+28%)before first round–unknownD0%
1 May 2016$2.81M$1.02M – $7.72M$3.68M (+31%)before first round–unknownD0%
1 Jun 2016$2.82M$1.03M – $7.75M$3.78M (+34%)before first round–unknownD0%
1 Jul 2016$2.83M$1.03M – $7.78M$3.88M (+37%)before first round–unknownD0%
1 Aug 2016$2.91M$1.06M – $7.99M$3.99M (+37%)before first round–unknownD0%
12 Aug 2016$36.0M$23.6M – $98.6M$64.8M (+80%)after a round–unknownC0%
1 Sep 2016$37.2M$23.6M – $98.6M$64.8M (+74%)after a round–unknownC0%
1 Oct 2016$39.1M$23.6M – $98.6M$64.8M (+66%)after a round–unknownC0%
1 Nov 2016$41.1M$23.6M – $98.6M$64.8M (+58%)after a round–unknownC0%
1 Dec 2016$43.1M$23.6M – $98.6M$64.8M (+50%)after a round–unknownC0%
1 Jan 2017$45.3M$23.6M – $98.6M$64.8M (+43%)after a round–unknownC0%
1 Feb 2017$47.6M$23.6M – $98.6M$64.8M (+36%)after a round–unknownC0%
1 Mar 2017$49.8M$23.6M – $98.6M$64.8M (+30%)after a round–unknownC0%
1 Apr 2017$52.4M$23.6M – $98.6M$64.8M (+24%)after a round–unknownC0%
1 May 2017$55.0M$23.6M – $98.6M$64.8M (+18%)after a round–unknownC0%
1 Jun 2017$57.8M$23.6M – $98.6M$64.8M (+12%)after a round–unknownC0%
1 Jul 2017$60.6M$23.6M – $98.6M$64.8M (+7%)after a round–unknownC0%
1 Aug 2017$63.7M$23.6M – $98.6M$64.8M (+2%)after a round–unknownC0%
1 Sep 2017$64.8M$22.9M – $98.6M$64.8M (0%)after a round–unknownC0%
1 Oct 2017$64.8M$21.8M – $98.6M$64.8M (0%)after a round–unknownC0%
1 Nov 2017$64.8M$20.7M – $98.6M$64.8M (0%)after a round–unknownC0%
1 Dec 2017$64.8M$19.7M – $98.6M$64.8M (0%)after a round–unknownC0%
1 Jan 2018$64.8M$18.7M – $98.6M$64.8M (0%)after a round–unknownC0%
1 Feb 2018$64.8M$17.8M – $98.6M$64.8M (0%)after a round–unknownC0%
1 Mar 2018$64.8M$17.0M – $98.6M$64.8M (0%)after a round–unknownC0%
1 Apr 2018$64.8M$16.1M – $98.6M$64.8M (0%)after a round–unknownC0%
19 Apr 2018$128M$90.3M – $273M$192M (+50%)after a round–unknownB0%
1 May 2018$130M$90.3M – $273M$192M (+48%)after a round–unknownB0%
1 Jun 2018$135M$90.3M – $273M$192M (+43%)after a round–unknownB0%
1 Jul 2018$139M$90.3M – $273M$192M (+38%)after a round–unknownB0%
1 Aug 2018$144M$90.3M – $273M$192M (+33%)after a round–unknownB0%
1 Sep 2018$149M$90.3M – $273M$192M (+29%)after a round–unknownB0%
1 Oct 2018$154M$90.3M – $273M$192M (+25%)after a round–unknownB0%
1 Nov 2018$160M$90.3M – $273M$192M (+21%)after a round–unknownB0%
1 Dec 2018$165M$90.3M – $273M$192M (+17%)after a round–unknownB0%
1 Jan 2019$171M$90.3M – $273M$192M (+13%)after a round–unknownB0%
1 Feb 2019$177M$90.3M – $273M$192M (+9%)after a round–unknownB0%
1 Mar 2019$182M$90.3M – $273M$192M (+6%)after a round–unknownB0%
1 Apr 2019$189M$90.3M – $273M$192M (+2%)after a round–unknownB0%
1 May 2019$192M$88.7M – $273M$192M (0%)after a round–unknownB0%
1 Jun 2019$192M$84.9M – $273M$192M (0%)after a round–unknownB0%
1 Jul 2019$192M$81.3M – $273M$192M (0%)after a round–unknownC0%
1 Aug 2019$192M$77.8M – $273M$192M (0%)after a round–unknownC0%
1 Sep 2019$192M$74.4M – $273M$192M (0%)after a round–unknownC0%
1 Oct 2019$192M$71.3M – $273M$192M (0%)after a round–unknownC0%
1 Nov 2019$192M$68.2M – $273M$192M (0%)after a round–unknownC0%
1 Dec 2019$192M$65.4M – $273M$192M (0%)after a round–unknownC0%
1 Jan 2020$192M$62.5M – $273M$192M (0%)after a round–unknownC0%
1 Feb 2020$192M$59.8M – $273M$192M (0%)after a round–unknownC0%
1 Mar 2020$192M$57.4M – $273M$192M (0%)after a round–unknownC0%
1 Apr 2020$192M$54.9M – $273M$192M (0%)after a round–unknownC0%
1 May 2020$192M$48.5M – $273M$192M (0%)after a round–unknownC0%
1 Jun 2020$192M$46.1M – $273M$192M (0%)after a round–unknownC0%
1 Jul 2020$192M$43.9M – $273M$192M (0%)after a round–unknownC0%
1 Aug 2020$192M$41.7M – $273M$192M (0%)after a round–unknownC0%
1 Sep 2020$192M$39.6M – $273M$192M (0%)after a round–unknownC0%
1 Oct 2020$192M$37.7M – $273M$192M (0%)after a round–unknownC0%
1 Nov 2020$192M$35.8M – $273M$192M (0%)after a round–unknownD0%
1 Dec 2020$192M$34.1M – $273M$192M (0%)after a round–unknownD0%
1 Jan 2021$192M$32.4M – $273M$192M (0%)after a round140unknownD0%
1 Feb 2021$192M$30.8M – $273M$192M (0%)after a round140unknownD0%
1 Mar 2021$192M$29.4M – $273M$192M (0%)after a round140unknownD0%
1 Apr 2021$192M$28.0M – $273M$192M (0%)after a round140unknownD0%
1 May 2021$192M$26.6M – $273M$192M (0%)after a round140unknownD0%
1 Jun 2021$192M$25.3M – $273M$192M (0%)after a round140unknownD0%
1 Jul 2021$192M$24.1M – $273M$192M (0%)after a round140unknownD0%
1 Aug 2021$192M$22.9M – $273M$192M (0%)after a round140unknownD0%
1 Sep 2021$192M$21.8M – $273M$192M (0%)after a round140unknownD0%
1 Oct 2021$192M$20.7M – $273M$192M (0%)after a round140unknownD0%
1 Nov 2021$192M$19.7M – $273M$192M (0%)after a round140unknownD0%
1 Dec 2021$192M$18.7M – $273M$192M (0%)after a round140unknownD0%
1 Jan 2022$192M$17.8M – $273M$192M (0%)after a round140unknownD0%
1 Feb 2022$192M$16.9M – $273M$192M (0%)after a round140unknownD0%
17 Feb 2022$2.3B$1.5B – $4.6B$3.0B (+30%)after a round140unknownB0%
1 Mar 2022$2.3B$1.5B – $4.6B$3.0B (+29%)after a round140unknownB0%
1 Apr 2022$2.4B$1.5B – $4.6B$3.0B (+26%)after a round140unknownB0%
1 May 2022$2.5B$1.5B – $4.6B$3.0B (+23%)after a round140unknownB0%
1 Jun 2022$2.5B$1.5B – $4.6B$3.0B (+21%)after a round140unknownB0%
1 Jul 2022$2.6B$1.5B – $4.6B$3.0B (+18%)after a round140unknownB0%
1 Aug 2022$2.6B$1.5B – $4.6B$3.0B (+15%)after a round140unknownB0%
1 Sep 2022$2.7B$1.5B – $4.6B$3.0B (+13%)after a round140unknownB0%
1 Oct 2022$2.7B$1.5B – $4.6B$3.0B (+10%)after a round140unknownB0%
1 Nov 2022$2.8B$1.5B – $4.6B$3.0B (+8%)after a round140unknownB0%
1 Dec 2022$2.9B$1.5B – $4.6B$3.0B (+6%)after a round140unknownB0%
1 Jan 2023$2.9B$1.5B – $4.6B$3.0B (+3%)after a round140unknownB0%
1 Feb 2023$3.0B$1.5B – $4.6B$3.0B (+1%)after a round140unknownB0%
1 Mar 2023$3.0B$1.5B – $4.6B$3.0B (0%)after a round140unknownB0%
1 Apr 2023$3.0B$1.4B – $4.6B$3.0B (0%)after a round140unknownB0%
1 May 2023$3.0B$1.4B – $4.6B$3.0B (0%)after a round140unknownC0%
1 Jun 2023$3.0B$1.3B – $4.6B$3.0B (0%)after a round140unknownC0%
1 Jul 2023$3.0B$1.2B – $4.6B$3.0B (0%)after a round140unknownC0%
1 Aug 2023$3.0B$1.2B – $4.6B$3.0B (0%)after a round140unknownC0%
1 Sep 2023$3.0B$1.1B – $4.6B$3.0B (0%)after a round140unknownC0%
1 Oct 2023$3.0B$1.1B – $4.6B$3.0B (0%)after a round140unknownC0%
1 Nov 2023$3.0B$1.0B – $4.6B$3.0B (0%)after a round140unknownC0%
1 Dec 2023$3.0B$993M – $4.6B$3.0B (0%)after a round140unknownC0%
1 Jan 2024$3.0B$948M – $4.6B$3.0B (0%)after a round140unknownC0%
1 Feb 2024$3.0B$905M – $4.6B$3.0B (0%)after a round140unknownC0%
1 Mar 2024$3.0B$820M – $4.6B$3.0B (0%)after a round140unknownC0%
1 Apr 2024$3.0B$779M – $4.6B$3.0B (0%)after a round140unknownC0%
1 May 2024$3.0B$742M – $4.6B$3.0B (0%)after a round140unknownC0%
1 Jun 2024$3.0B$705M – $4.6B$3.0B (0%)after a round140unknownC0%
1 Jul 2024$3.0B$671M – $4.6B$3.0B (0%)after a round140unknownC0%
1 Aug 2024$3.0B$638M – $4.6B$3.0B (0%)after a round140unknownC0%
1 Sep 2024$3.0B$606M – $4.6B$3.0B (0%)after a round140unknownD0%
1 Oct 2024$3.0B$577M – $4.6B$3.0B (0%)after a round140unknownD0%
1 Nov 2024$3.0B$548M – $4.6B$3.0B (0%)after a round140unknownD0%
1 Dec 2024$3.0B$522M – $4.6B$3.0B (0%)after a round530unknownD0%
31 Dec 2024$242M$159M – $404M$266M (+10%)after a round530unknownB0%
1 Jan 2025$242M$159M – $404M$266M (+10%)after a round530unknownB0%
1 Feb 2025$244M$159M – $404M$266M (+9%)after a round530unknownB0%
1 Mar 2025$245M$159M – $404M$266M (+8%)after a round530unknownB0%
1 Apr 2025$247M$159M – $404M$266M (+7%)after a round530unknownB0%
1 May 2025$249M$159M – $404M$266M (+7%)after a round530unknownB0%
1 Jun 2025$251M$159M – $404M$266M (+6%)after a round530unknownB0%
1 Jul 2025$253M$159M – $404M$266M (+5%)after a round530unknownB0%
1 Aug 2025$255M$159M – $404M$266M (+4%)after a round530unknownB0%
1 Sep 2025$249M$156M – $385M$233M (-6%)after a round494flatB35%
1 Oct 2025$250M$156M – $385M$230M (-8%)after a round494flatB35%
1 Nov 2025$251M$156M – $385M$228M (-9%)after a round494flatB35%
1 Dec 2025$251M$156M – $383M$222M (-12%)after a round492flatB39%
1 Jan 2026$252M$156M – $383M$216M (-14%)after a round492flatB39%
1 Feb 2026$249M$148M – $384M$213M (-14%)after a round492flatB39%
1 Mar 2026$246M$141M – $384M$210M (-14%)after a round492flatB39%
1 Apr 2026$243M$134M – $385M$208M (-15%)after a round492flatB39%
1 May 2026$240M$128M – $386M$205M (-15%)after a round492flatB39%
1 Jun 2026$238M$121M – $385M$206M (-14%)after a round481flatB36%
1 Jul 2026$238M$115M – $387M$207M (-13%)after a round481flatC33%
1 Aug 2026$237M$109M – $388M$209M (-12%)after a round481flatC30%
1 Sep 2026$237M$104M – $389M$211M (-11%)after a round481flatC28%
1 Oct 2026$237M$98.9M – $390M$212M (-10%)after a round481flatC26%
24 Oct 2026$237M$95.3M – $391M$215M (-10%)after a round481flatC24%

Key facts about Funding Societies

Founded
2015
Headquarters
Singapore
Employees
about 481 -3% in a year
Total raised
$546M
Funding rounds
8
Last round
Growth Equity Dec 2024

Funding Societies was founded in 2015 by Kelvin Teo and Reynold Wijaya.

Funding Societies funding history

Funding Societies has 8 funding rounds on record, from Aug 2016 to Dec 2024, $546M in total. None disclosed a valuation.

  1. Growth Equity 30 Dec 2024

    With Cool Japan Fund.

    Sources: techcrunch.com

    $25M

  2. Debt 6 Nov 2024no round page

    With HSBC.

    Sources: kr-asia.com

    $100M

  3. Debt 26 Sep 2023no round page

    Led by AlteriQ Global; with Aument Capital Partners, Orange Bloom.

    Sources: fundingsocieties.com, fintechfutures.com

    $27M

  4. Debt 22 Aug 2022no round page

    With HSBC Singapore.

    Sources: fundingsocieties.com

    $50M

  5. Series C 16 Feb 2022

    Led by SoftBank Vision Fund; with VNG, Rapyd Ventures, EDBI, Indies Capital, AVV, Sequoia Capital India, BRI Ventures, K3 Ventures.

    Sources: fundingsocieties.com, blog.fundingsocieties.com, techfundingnews.com

    $294M

  6. Debt 7 Oct 2021no round page

    Led by Helicap, Social Impact Debt Fund; with Japanese financial services group.

    Sources: fundingsocieties.com, helicap.com

    $18M

  7. Series B 18 Apr 2018

    Led by SoftBank Ventures Asia; with Sequoia India, Alpha JWC Ventures, Golden Gate Ventures, Qualgro, LINE Ventures.

    Sources: fundingsocieties.com, finsmes.com, sg.finance.yahoo.com and 2 more

    $25M

  8. Series A 11 Aug 2016

    Led by Sequoia India; with Alpha JWC Ventures.

    $7.5M

Funding Societies investors

24 investors have backed Funding Societies; Sequoia India, AlteriQ Global and Helicap and 3 more led at least one round.

  • Sequoia India lead, 2 rounds
  • AlteriQ Global lead
  • Social Impact Debt Fund lead
  • SoftBank Vision Fund lead
  • Aument Capital Partners
  • Cool Japan Fund
  • EDBI
  • HSBC
  • HSBC Singapore
  • Japanese financial services group
  • LINE Ventures
  • Orange Bloom
  • Rapyd Ventures
  • Sequoia Capital India
  • VNG

What Funding Societies does

Funding Societies works in loans & financing, with 15 recorded offerings and customers in financial services and small and medium enterprises.

Funding Societies Pte. Ltd. is a Singaporean private limited company that operates as a digital financing and debt investment platform for small and medium-sized enterprises (SMEs) in Southeast Asia. The company provides short-term financing solutions, including micro loans, business term loans, and accounts receivable financing, as well as payment solutions. Funding Societies also offers alternative investment services and manages escrow accounts for investor transactions. The company is licensed in Singapore, Indonesia, Thailand, and registered in Malaysia, and is part of the Modalku Group.

Description from Veridion's company data.

Products and services

  • SME Digital Financing Solutions
  • Business Loan and Co-Investment Financing
  • Micro Loan Financing
  • Business Term Loan Financing
  • Accounts Payable Financing
  • Accounts Receivable Financing
  • Property-Backed Secured Financing
  • Trade Term Loan Financing
  • Debt Investment Services
  • Alternative Investment Services
  • Digital Financing Platform Development
  • AI-Powered Customer Engagement Solutions
  • Escrow Fund Management Services
  • Regional Business Financing Services
  • Financial Inclusion Solutions

Markets

  • Financial Services
  • Small and Medium Enterprises

Technology

  • AI-Powered Chatbots

Business model

  • Business-to-Business
  • Business-to-Consumer
  • Crowdfunding

Industry codes (NAICS)

  • 522299 International, Secondary Market, and All Other Nondepository Credit Intermediation 75% match
  • 522320 Financial Transactions Processing, Reserve, and Clearinghouse Activities 25% match

Questions about Funding Societies

What is Funding Societies worth?

Valuation $237M (range $95.3M to $391M), as of 24 Oct 2026.

Has Funding Societies raised money?

Funding Societies has 8 funding rounds on record, from Aug 2016 to Dec 2024, $546M in total. None disclosed a valuation.

Who has invested in Funding Societies?

Sequoia India, AlteriQ Global, Helicap, Social Impact Debt Fund, SoftBank Ventures Asia and SoftBank Vision Fund, and 18 more. Lead investors include Sequoia India, AlteriQ Global, Helicap and Social Impact Debt Fund.

How many people work at Funding Societies?

About 481, down 3% over the last year. Headcount grew from 140 in Jan 2021 to 481 in May 2026.

What does Funding Societies do?

Funding Societies works in loans & financing, with 15 recorded offerings and customers in financial services and small and medium enterprises. Its main offerings are SME digital financing solutions, business loan and co-investment financing and micro loan financing.

When was Funding Societies founded, and where is it based?

Funding Societies was founded in 2015 and is based in Singapore. It has about 481 employees, down 3% over the last year.

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