Indonesia's Modalku in advanced talks to raise more than $50m in equity funding

Indonesia's Modalku in advanced talks to raise more than $50m in equity funding

Left to right: Kelvin Teo, Co-founder and Group CEO, Funding Societies | Modalku; David Z. Wang, Co-founder and CEO, Helicap Pte. Ltd.

Funding Societies, popularly known as Modalku in Indonesia, is in advanced talks with investors to raise over $50 million in a fresh funding round, according to sources aware of the development.