JAKARTA - Modalku Group managed to secure a debt funding facility worth USD 27 million, or approximately IDR 414 billion, from three institutional donors. The facility is intended for helping more micro, small, and medium enterprises (MSMEs) across ASEAN countries where Modalku is focused on.

This funding facility is led by AlteriQ Global, an asset management company in Asia; Aument Capital Partners (ACP), a multi-family investment company; and Orange Bloom, a company focusing on sustainable financing.

"We are excited to welcome the collaboration with AlteriQ Capital, ACP, and Orange Bloom, which have believed in our mission and growth in assisting MSMEs in Southeast Asia," said Country Head of Modalku, Arthur Adisusanto, in the press release.

AlteriQ Global and ACP have seemingly acknowledged Modalku Group's range and achievement as a digital financing platform for MSMEs in Southeast Asia for quite a while. "We have seen the synergy and great potential from Modalku Group's achievement for years through its digital financing solution," Managing Partner of AlteriQ Global, Zhi Yong Heng, explained.

As of now, Modalku Group is known to have distributed credits worth over IDR 52 trillion in 5.1 million transactions, assisting 100,000 MSMEs in Indonesia, Singapore, Malaysia, Thailand, and Vietnam.

For the record, as a way to provide equal chances for MSMEs to grow, Modalku Group is offering various solutions outside financing. They incldue payment and collect-payment solutions that are intended to tackle issues in cash flow management for MSMEs. (ZH)