Funding Societies | Modalku (Funding Societies), the Singapore-based digital finance platform, has on Wednesday announced a partnership with Boss Boleh, the Malaysia-based online company secretary provider, to provide digital financing solutions to startups and young small and medium-sized enterprises (SMEs) in Malaysia.
Funding Societies said in a statement that the partnership aims to address key challenges faced by businesses such as access to financing, corporate administrative hurdles, and how to navigate the latest e-invoicing implementation.
Through this partnership, companies, specifically startups and SMEs in operation for less than one year, can avail either a digital term or invoice financing – supported by
Funding Societies, to focus on growing their business and succeed in Malaysia’s evolving business landscape.
Boss Boleh, with its experience in helping businesses set up and remain compliant, along with access to accounting and bookkeeping services, incorporation, company secretary, tax and software solutions including e-invoicing, ensures that entrepreneurs have a strong foundation for growth.
The partnership between Funding Societies and Boss Boleh enhances its comprehensive support by providing eligible SMEs with access to financial solutions, empowering them to scale seamlessly.
Funding Societies brings a proven digital credit model developed over the past ten years, serving SMEs across Southeast Asia with easy-to-apply financing solutions
requiring minimal documentation.
As a platform that has grown alongside SMEs, Funding Societies understands the challenges faced by young entrepreneurs and startups because it has traveled the same path — navigating the complexities of business growth, financial management, and expansion.
This experience enables Funding Societies to tailor financing solutions that truly meet the needs of small
businesses, ensuring they have access to fast, reliable, and digital-first funding.
This partnership underscores both companies’ commitment to financial inclusion by ensuring that young and emerging businesses have the necessary resources and digital tools to thrive.
By combining Boss Boleh’s expertise in digital corporate services with Funding Societies’ extensive experience in SME financing, the collaboration aims to create a more inclusive financial ecosystem for startups and SMEs in Malaysia.
“At Funding Societies, we are committed to empowering SMEs by enhancing their access to financing,
“This partnership with Boss Boleh is another step forward in supporting young entrepreneurs, particularly those with limited financial history, by providing them with tailored financing solutions,” said Chai Kien Poon, Funding Societies Malaysia’s Country Head.
“With the advent of e-invoicing across all business segments, we are also keen to explore the potential benefits of e-invoicing data in enhancing our capabilities in ensuring that underserved businesses can access the funding they need to grow,” he added.
Meanwhile, Angie Ng, Co-Founder and Chief Executive Officer of Boss Boleh, said cash is king, and managing cash flow remains the top challenge for business owners—particularly for startups, where many fail due to cash flow issues.
“Through our partnership with Funding Societies and their innovative digital term and invoice financing solutions, we’re addressing this critical pain point,” she said.
According to her, this collaboration is especially vital for new businesses, which often struggle to secure bank loans due to a lack of trade history.
“At Boss Boleh, we provide the support to business owners to simplify the process of preparing the relevant documents and resolutions to apply for a loan facility,
“Together, we’re empowering entrepreneurs by providing fast, reliable access to funding to help them thrive,” she added.
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