What is Modalku?
Modalku operates as a financial technology platform in Indonesia, specializing in providing business loans tailored for small and medium-sized enterprises (SMEs). The company's core product offerings encompass Invoice Financing, Purchase Order Financing, and Term Loans, designed to address the varied capital requirements of SMEs. With over nine years of operational experience, Modalku has solidified its reputation as a dependable partner for businesses, actively contributing to economic expansion through facilitated funding. The platform's operations are overseen by the Financial Services Authority of Indonesia (OJK), ensuring a secure and compliant lending environment.
How much funding has Modalku raised?
Modalku has raised a total of $1.2M across 1 funding round:
Unspecified
$1.2M
Unspecified (2016): $1.2M with participation from Alpha JWC Ventures and PT Bank Sinarmas
Key Investors in Modalku
Alpha JWC Ventures
Alpha JWC Ventures is an early-to-growth stage venture capital firm based in Southeast Asia, with a focus on empowering ambitious founders and building lasting partnerships. They specialize in supporting companies that aim to create positive change.
PT Bank Sinarmas
PT Bank Sinarmas is a commercial bank operating in Indonesia, established in 1989, providing a range of banking services.
What's next for Modalku?
The substantial enterprise-level backing Modalku has received indicates a strong market validation and positions the company for accelerated scaling and product development. This investment is likely to fuel further expansion of its lending services to SMEs across Indonesia, potentially enhancing its technological infrastructure and broadening its reach. The company's commitment to operating under OJK regulations suggests a continued focus on trust and security as it pursues its growth objectives.
See full Modalku company page
