When was Modalku founded?

Modalku was founded in 2016 and raised its 1st funding round within a year of its incorporation.

Where is Modalku located?

Modalku is headquartered in Jakarta, Indonesia.

How many employees does Modalku have?

As of Aug 31, 2026, the latest employee count at Modalku is 89.

Is Modalku a funded company?

Modalku is a funded company, having raised a total of $66.2M across 8 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Apr 19, 2016.

When was the latest funding round of Modalku?

Modalku's latest funding was a $***** Conventional Debt round on Sep 11, 2024, with participation from 1 investor.

Where does Modalku rank among its competitors?

Modalku ranks 1st amongst 41 active competitors, of which 12 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Modalku, which secured an undisclosed amount in Sep, 2024.

Who are the top competitors of Modalku?

Modalku's top competitors include KoinWorks, Alami Sharia and Lumbung Dana. Among them, Modalku secured the most recent funding round in September, 2024.

Modalku - 2026 Company Profile, Team, Funding & Competitors

Modalku is a series C company based in Jakarta (Indonesia), founded in 2016 by Reynold Irsian Wijaya. It operates as a P2P marketplace for business loans. Modalku has raised $66.2M in funding from investors like Sequoia Capital, Golden Gate Ventures and Alpha JWC Ventures. The company has 41 active competitors, including 12 funded and 2 that have exited. Its top competitors include companies like KoinWorks, Alami Sharia and Lumbung Dana.

Company Details

P2P marketplace for business loans. It offers a platform that enables businesses to lend and borrow money with customized terms, amounts, and repayment options. It features multiple loan products including microloans, invoice financing, and more. Users must add the required details and apply for the loan. Once approved, the funds are transferred to the registered bank account.

Website: modalku.co.id
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Email ID: *****@modalku.co.id
Part Of

Key Metrics

Founded Year

2016

Location

Jakarta, Indonesia

Stage

Series C

Total Funding

$66.2M in 8 rounds

Latest Funding Round

Conventional Debt, Sep 11, 2024, $*****

Investors

Sequoia Capital & 11 more

Ranked

1^st among 41 active competitors

Employee Count

89 as on Aug 31, 2026

Investment & Acquisitions

Buana Sejahtera Group & 2 more

Similar Companies

Funds & 184 more

View Modalku's full profile

Modalku has raised a total funding of $66.2M over 8 rounds. Its first funding round was on Apr 19, 2016. Its latest funding round was a Conventional Debt round on Sep 11, 2024 for $*****. 1 investor participated in its latest round. Modalku has 12 institutional investors.

Here is the list of recent funding rounds of Modalku:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 11, 2024	6315567	Conventional Debt	8366061	8197136	6715329	9619466
Nov 02, 2023	3405574	Conventional Debt	4226037	1716998	6468868	Norfund
Sep 26, 2023	6027246	Conventional Debt	6385506	2195205	6347213	Alteriqcapital & 2 more

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View details of Modalku's funding rounds and investors

The founders of Modalku is Reynold Irsian Wijaya.

Here are the details of Modalku's key team members:

Reynold Irsian Wijaya: Co-Founder, COO and Group CGO of Modalku and founder of 2 other companies, Farview Equity Partners and Funding Societies. They are also an angel investor in 1 startup and serve on the board of 1 company.
Contact Info: 2 email addresses

View details of Modalku's Founder profiles and Board Members

Modalku's employee count trend

Modalku has 89 employees as of Aug 26. Here is Modalku's employee count trend over the years:

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Top competitors of Modalku include KoinWorks, Alami Sharia and Lumbung Dana. Here is the list of Top 10 competitors of Modalku, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Modalku 2016, Jakarta (Indonesia), Series C	P2P marketplace for business loans	$66.2M	Triodos Investment Management, SBVA & 10 others	70/100
2nd	KoinWorks 2015, Jakarta (Indonesia), Series C	Developer of a P2P lending platform	$93.1M	Quona, East Ventures & 11 others	55/100
3rd	Alami Sharia 2017, Jakarta (Indonesia), Series A	Online P2P lending marketplace offering diversified loans to businesses	$19M	Golden Gate Ventures, AC Ventures & 13 others	54/100
4th	Lumbung Dana 2017, Jakarta (Indonesia), Unfunded	P2P lending platform for consumer and business financing	-	-	48/100
5th	Crowdo 2012, Singapore (Singapore), Series A	Equity crowdfunding for business loans	$5.9M	Gobi Partners, Ivest Capital & 12 others	47/100
6th	Acceleration 2016, Jakarta (Indonesia), Series A	P2P lending platform for business loans	$8.6M	Beenext, Access Ventures & 5 others	46/100
7th	Indosaku 2019, Jakarta (Indonesia), Unfunded	P2P marketplace for consumer and business loans	-	-	43/100
8th	Capital Match 2014, Singapore (Singapore), Series B	Online lending marketplace for business loans	$711K	B Capital, Innosight Ventures & 14 others	43/100
9th	Validus 2015, Singapore (Singapore), Unfunded	Provides of a P2P lending platform for business loans	-	-	43/100
10th	KFUND 2018, West Jakarta (Indonesia), Deadpooled	Online lending marketplace for buisness loans	-	-	42/100

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Modalku has made 1 investment in Paper and acquired Buana Sejahtera Group and Multidana.

Here is the list of these investments and acquisitions:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Nov 22, 2022	Acquisition	Buana Sejahtera Group	2000	Indonesia
Nov 22, 2022	Acquisition	Multidana	2012	Jakarta (Indonesia)
Oct 29, 2019	Investments	Paper	2016	Jakarta (Indonesia)