Proof of Usefulness Report

Funding Societies

Analysis completed on 1/22/2026

+753
Proof of Usefulness Score
Unicorn Utility

Funding Societies (Modalku) is a dominant, high-utility fintech unicorn in Southeast Asia with verifiable disbursements exceeding S$1.5 billion. While the project's real-world impact and traction are exceptional (Series C+ funding, market leadership), the specific submission provided contains low-effort placeholder text (e.g., 'most people have used my product', 'audience: everyone'). The score reflects the massive verifiable scale of the platform, slightly penalized for the poor quality of the submission fields.

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Score Breakdown

Real World Utility0.25)
Audience Reach Impact0.20)
Technical Innovation0.15)
Evidence Of Traction0.25)
Market Timing Relevance0.10)
Functional Completeness0.05)
Subtotal+836.5
Usefulness Multiplierx0.9
Final Score+753

Project Details

Description
Funding Societies | Modalku is the largest P2P lending platform in Southeast Asia. We provide business financing to SMEs which is crowdfunded by retail, institutional and high-net-worth investors. In 5 years, we have financed over 150,000 business loans at over S$1.5 billion.\n\nFounded in 2015 in Singapore, Funding Societies | Modalku is currently licensed and operating in Singapore, Indonesia and Malaysia. We are the most well-funded P2P lending platform in Southeast Asia, with over US$70 million of Series funding from investors such as SoftBank Ventures Asia, the early-stage venture capital arm of Japanese investment giant Softbank Group, and supported by Sequoia India, Alpha JWC Ventures and Golden Gate Ventures. \n\nWe have a software engineering team of about 25 across our 3 offices operating in a squad based model where squads are cross-functional teams focused on different business objectives. We speak mainly in javascript (node, react, angular) and go, but we are open to engineers with different backgrounds and languages! We work in a trust based environment with flexible work hours and locations including remote working arrangements.\n\nTo see what are engineers are blogging about:\nhttps://medium.com/fsmk-engineering

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline