| Founded | 2019 |
|---|---|
| Closed | 2023 |
| Country | Vietnam |
| Sector | Fintech |
| Collapse type | Regulatory Kill |
| Founder | Kelvin Teo, Reynold Wijaya |
Funding Societies Vietnam
"Vietnam's regulatory vacuum killed Funding Societies' four-year lending expansion."
Forced closure by regulatory action
Key Events Timeline
Funding Societies, Singapore's largest P2P lending platform with $550M raised, launched in Vietnam in 2019 via subsidiary Modal Rakyat.
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