JAKARTA -- Indonesian P2P lender Modalku, which operates as Funding Societies in Singapore, has raised $40 million in a Series C funding round from undisclosed existing and new investors.
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Peer-to-peer lending, such as Modalku offers is growing in Indonesia, driven by huge demand from its largely under-banked population. © Reuters
JAKARTA -- Indonesian P2P lender Modalku, which operates as Funding Societies in Singapore, has raised $40 million in a Series C funding round from undisclosed existing and new investors.