Maybank announces strategic investment in Modalku to tap into SME communities

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Maybank announces strategic investment in Modalku to tap into SME communities - e27

Quick Summary:

Maybank today announced an undisclosed strategic investment in Grup Modalku, an Indonesia-based digital financing platform for small- and medium-sized enterprises (SMEs) in Southeast Asia (SEA).

According to a press statement by the bank, Maybank intends to explore collaboration with Modalku to push for inclusivity and access to financing for the wider part of society.

Founded in 2015, Modalku is a regional fintech company that focuses on SME financing.