Southeast Asian fintech firm Funding Societies—known as Modalku in Indonesia—is planning to raise $40 million in its latest funding round, according to regulatory filings accessed by DealStreetAsia.
The firm had last week announced securing an unspecified investment as part of the same round from Malaysian sovereign wealth fund Khazanah Nasional and CGC Digital Sdn Bhd, a Malaysia-based provider of digital financial solutions for MSMEs.