Modalku Debuts in Thailand, Securing Early Stage Funding from 500 Tuktuk
Providing short term loan for over 3 million Thailand SMEs having difficult access to banking services
Marsya Nabila - 18 October 2021
Funding Societies (known as Modalku in Indonesia) announced its operational debut in Thailand, after obtaining a crowdfunding license from the Thailand Securities and Exchange Commission (SEC) in February 2021. Simultaneously, the company secured early stage funding with an undisclosed nominal from 500 TukTuks.
Apart from Modalku, another fintech company pursuing on the same opportunity in the regional arena is Investree. In addition, Danacita has also been available in Thailand.
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