Modalku aims to turn profitable this year after disbursing $2.7b loans to date

Modalku aims to turn profitable this year after disbursing $2.7b loans to date

Indonesia-based Modalku, a P2P lending firm, also known as Founding Societies in Singapore, Malaysia, Thailand, and Vietnam, (Photo courtesy of Modalku)

Editor’s note: The headline and the article have been amended to reflect that $2.7 billion is the total amount that Funding Societies has disbursed across Singapore, Malaysia, Indonesia, Thailand, and Vietnam since 2015, and not in the last year as initially stated.