Our support towards impact and sustainability for the growth of MSMEs in Southeast Asia

Sustainability at Funding Societies Singapore

At FSMK we believe that we have a role to conduct business responsibly and in line with the triple-bottom-line approach. We aim to find a balance between economic, environmental, and social factors both within our internal operations as well as in our financing activities.

We have identified three key sustainability themes where we will prioritise our sustainability initiatives: Climate Change, Circular Economy and SDGs and Inclusion. We understand that we are all on a journey towards sustainability - some are more mature in their activities while others are only just starting up. Regardless of what sustainability stage SMEs are in, we want to support SMEs that are also making notable contributions in these areas.

We have ongoing initiatives to embed sustainability, including

Accessible financing opportunities for women entrepreneurs and MSMEs in the green economy

Empowering our female employees through our various programs initiated by our Inclusion, Diversity and Equity (IDE) team

Raising awareness about sustainability to our employees across the region by providing learning sessions and creating a resource centre they can access

Educating our stakeholders about the Sustainable Development Goals

FSMK Economic Impact Report | Of the 73 million MSMEs in Southeast Asia, around 39 million (51%) are either unserved or underserved by financing services- which led to a financing gap of US$272 billion, despite their potential MSMEs to provide significant employment opportunities and contribute tremendously to national Gross Domestic Product (GDP). Find out more about our regional impact study.

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Funding Societies | Modalku is a signatory to the UN Global Compact to operate responsibly, in alignment with universal sustainability principles. We adhere to UNGC’s 10 principles covering the areas of labour, human rights, environment and anti-corruption, joining other global companies as frontrunners in sustainability.

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We continually support women's empowerment for our strong and capable women working at Funding Societies | Modalku. This is a part of our initiative to create awareness for Inclusion, Diversity, and Equity. Some examples of the initiatives we have include a program dedicated to women in leadership; a campaign to call out and break bias in the workplace; and a workshop to empower women and underrepresented groups to speak openly about their accomplishments.

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Funding Societies is Southeast Asia's leading SME digital financing platform. We specialise in all forms of short-term financing for SMEs, funded by individual and institutional investors. We pride ourselves in speed and flexibility, offering the widest range of term loan, trade finance and micro loan products. Backed by SoftBank Ventures Asia Corp and Sequoia India, amongst many others, Funding Societies has helped to finance over S$2 billion in business loans regionally. We are dedicated to the vision of enabling SMEs through equitable financial access, ultimately making a positive impact for our societies in Southeast Asia.

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