Funding Societies CEO Outlines Market View
Kelvin Teo, CEO of Funding Societies | Modalku, spoke with CB Insights about the company's market perspective, customer needs, and its position serving Southeast Asian SMEs.
Funding Societies | Modalku operates in two connected markets: lending and payments, both targeting small and medium-sized enterprises (SMEs) in Southeast Asia, according to CEO Kelvin Teo.
Teo stated that the lending opportunity in the region is estimated at approximately $436 billion, citing figures from the International Finance Corporation (IFC) and country-specific reports. The company aims to address the financing gaps faced by these businesses.
In the interview, Teo emphasized the company's focus on understanding customer requirements and tailoring its offerings. Specific details on new services or expansion plans were not disclosed.
Funding Societies | Modalku operates in a market where SME access to capital can be challenging. By providing both lending and payment services, the company seeks to offer integrated financial solutions to businesses in the region.