Funding Societies announces key hires with new CTO, CEO and CDO

SINGAPORE, Sept. 4, 2019 /PRNewswire/ -- Funding Societies | Modalku, the largest peer-to-peer (P2P) lending platform in Southeast Asia, announces the hiring of its newest additions to the senior management. The platform provides business loans to SMEs crowdfunded by individual and institutional investors. The platform has so far helped to fund more than $800 million in loans.

As Funding Societies scales its operations, the three leaders will work together to ensure that the business continues to progress in establishing financial inclusion for SMEs across the region. Matt Lambie joins as the Chief Technical Officer, Dheeraj Chowdhry as the Chief Executive Officer and Jared Goldberg as the Chief Data Officer.

From left to right: Dheeraj Chowdhry, Matt Lambie & Jared Goldberg

From left to right: Dheeraj Chowdhry, Matt Lambie & Jared Goldberg


"As our scope to serve SMEs grows, so does the need for diverse skills and knowledge of the ecosystem. Each new team member not only helps to bring us to the next level, but also further cements our conviction of enabling SMEs in Southeast Asia." stated Kelvin Teo, co-founder and Group CEO of Funding Societies.

Matt Lambie joins Funding Societies as the Chief Technology Officer. He will be responsible for web, mobile and platform software development efforts, technical operations, quality assurance and information security. Prior to this, Matt was the Group CTO at MoneySmart where he modernised the product development and software engineering practices. He has also spent time consulting as the CIO and co-founder of the Frontier Group for 15 years.

Dheeraj Chowdhry joins as the CEO of Singapore with over 20 years of experience across multiple functions within large global banking organizations in Asian geographies including AMEX, ANZ Bank and ABN AMRO. Over his professional journey, Dheeraj has accumulated a combination of banking skills, coupled with deep experience in lending and commercial segments (including unsecured lending) all which complement the model of Funding Societies. The erstwhile CEO, Kelvin Teo will take up the duties of Group CEO, a newly created position.

Jared Goldberg comes in as the Chief Data Officer for Funding Societies with experience of almost 15 years in the Financial Services technology and data world. After graduating from Berkeley, he went on to begin his data-driven journey at UBS in the Credit Risk space as a Business Analyst. In his previous role at Standard Chartered he was the Head of Business Integration and Analytics function in its COO unit,His career in developing market-leading technology and data solutions has spanned other established names, including DBS, Societe Generale, and ICAP. Now, as the Chief Data Officer, he will be ensuring the industrialisation of insights and monetisation of data by implementing the function's strategic operating model, including oversight of the Data Management, Engineering, Analytics, and Science teams.

About Funding Societies

Funding Societies (known as Modalku in Indonesia) is the largest Peer-to-Peer (P2P) lending platform in Southeast Asia. Backed by Softbank Ventures Asia Corp. and Sequoia India, it provides business financing to small and medium-sized enterprises (SMEs), which is crowdfunded by retail and institutional investors as well as high-net-worth individuals. In 4 years, it has helped to finance over 900,000 business loans at over S$700 million with licensed/approved operations in Singapore, Indonesia, and Malaysia. In Singapore, Funding Societies Pte. Ltd. holds a Capital Market Services License issued by the Monetary Authority of Singapore. It was also named Fintech Top 100 by KPMG in 2018; Best Customer Experience by Retail Banker in 2017; and awarded the MAS Fintech Award (SME Category) in 2016.

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