About Funding Societies
Funding Societies is a company based in Singapore (Singapore) founded in 2015 by Kah Meng Wong, Reynold Irsian Wijaya, and Kelvin Teo.. Funding Societies has raised $241.5 million across 20 funding rounds from investors including VNG Corporation, HSBC and Rapyd. Funding Societies operates in a competitive market with competitors including Modalku, Alami Sharia, Validus, 1Crowd and Komunal, among others.
- Headquarter Singapore, Singapore
- Founders Kah Meng Wong, Reynold Irsian Wijaya, Kelvin Teo
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Sectors
Financial ServicesTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$241.5 M (USD)
in 20 rounds
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Latest Funding Round
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Investors
VNG Corporation
& 31 more
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Employee Count
Employee Count
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Funding Insights of Funding Societies
Funding Societies has successfully raised a total of $241.5M across 20 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 20
- Last Round Last Round
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First Round
First Round
(04 Aug 2016)
- Investors Count 32
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2025 | Amount | Series D - Funding Societies | Valuation |
investors |
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| Dec, 2024 | Amount | Series D - Funding Societies | Valuation |
investors |
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| Sep, 2024 | Amount | Series D - Funding Societies | Valuation | Maybank Philippines |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Funding Societies
Funding Societies has secured backing from 32 investors, including venture fund and institutional investors. Prominent investors backing the company include VNG Corporation, HSBC and Rapyd. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm investing in early-stage tech startups
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Founded Year | Domain | Location | |
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Public-private investment firm
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Founded Year | Domain | Location | |
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It invests in developing countries to create jobs and improve lives
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Funding Societies
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Funding Societies
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Funding Societies Comparisons
Competitors of Funding Societies
Funding Societies operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Modalku, Alami Sharia, Validus, 1Crowd and Komunal, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Business loans are facilitated via a peer-to-peer marketplace platform.
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| domain | founded_year | HQ Location |
Online P2P lending marketplace offering diversified loans to businesses
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| domain | founded_year | HQ Location |
A P2P platform for business loans is operated.
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| domain | founded_year | HQ Location |
Early-stage venture capital investment firm
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| domain | founded_year | HQ Location |
Digital banking services are provided for rural communities in Indonesia.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Funding Societies
Frequently Asked Questions about Funding Societies
When was Funding Societies founded?
Funding Societies was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Funding Societies located?
Funding Societies is headquartered in Singapore, Singapore.
Who is the current CEO of Funding Societies?
Kah Meng Wong is the current CEO of Funding Societies. They have also founded this company.
Is Funding Societies a funded company?
Funding Societies is a funded company, having raised a total of $241.5M across 20 funding rounds to date.
What does Funding Societies do?
Funding Societies was founded in 2015 in Singapore and operates as a peer-to-peer marketplace in the fintech sector. Business loans are offered to SMEs through an app-based platform available on iOS and Android. Products include invoice financing, micro-financing, and term financing. Investors can fund loans and receive returns based on tenure and interest rates. Operations are centered in Singapore.
Who are the top competitors of Funding Societies?
Who are Funding Societies's investors?
Funding Societies has 32 investors. Key investors include VNG Corporation, HSBC, Rapyd, Helicap, and Peak XV Partners.
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