P2P lender Funding Societies said to seek $50m in fresh funding

Reynold Wijaya (left) and Kelvin Teo (right), Co-Founders of Funding Societies

Southeast Asian peer-to-peer lender Funding Societies, popularly known in Indonesia as Modalku, is in the midst of raising around $50 million in a new funding round, according to multiple sources familiar with the development.

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