Indonesia's P2P lender Modalku raises $40m in Series C round

Indonesia's P2P lender Modalku raises $40m in Series C round

Modalku focuses on financing for smaller businesses. Photo by Bernard Hermant on Unsplash

Indonesia’s P2P lender Modalku, which operates as Funding Societies in Singapore, has raised $40 million in a Series C round from undisclosed existing and new investors, the company announced on Thursday.