JAKARTA – Modalku Group, a fintech platform, has secured equity investment from Gobi Partners to strengthen financial stability and sustainability in the financing of Small and Medium Enterprises (SMEs).

Kelvin Teo, Co-founder and Group CEO of Funding Societies Modalku, said that this investment represents support in the face of global challenges faced by fintech companies.

"The support from Gobi Partners enhances Modalku Group’s financial stability and sustainable growth after a decade of funding SMEs. It is proof that Modalku Group is a well-managed platform for SMEs that require access to financing," he said in a press release on Friday (21/3).

According to him, the partnership with Gobi Partners demonstrates the strong fundamentals of Modalku Group and its commitment to financial inclusion. The company aims to provide accessible and responsible funding solutions to support the growth of the SME sector. "We are honoured to receive this strategic investment from Gobi Partners," he added.

To date, Modalku Group has disbursed over IDR 69 trillion in business funding to approximately 100,000 SMEs.

Meanwhile, Thomas G. Tsao, Co-founder and Chairperson of Gobi Partners, stated that Modalku Group has consistently shown resilience in SME financing.

"Our investment reflects confidence in Modalku Group's ability to navigate economic cycles, drive fintech innovation, and address the SME credit gap. We are excited to partner with Modalku to further strengthen financial inclusion in Southeast Asia," he said. (LK/ZH)