# Modalku

> Modalku is a VC fund in Kebon backing Financial Services and Banking. See 3 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Kebon, Indonesia
- Total investments: 3
- Last investment: Oct 2024
- Lead investor: 33%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/modalku/
- X (Twitter): https://twitter.com/modalkuid
- Website: https://modalku.co.id/
- Facebook: https://www.facebook.com/modalkuid/

Modalku is an online marketplace based in Jakarta, Indonesia for small businesses to acquire loans and for lenders to fund small business loans to earn compelling returns. Its technology-based approach enables borrowers to receive loans for the first time or at lower than market rates, while lenders will earn returns well above that of bankdeposits, traditional fixed income products, and life insurance investment-linked products. This marketplace lending model is proven in countries such as USA, UK, China & Singapore.

## Contacts

5 contacts available for Modalku. Shizune tracks 3 team members at Modalku. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/modalku?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Financial Services | 2 | 67% |
| Banking | 1 | 33% |
| FinTech | 1 | 33% |
| Finance | 1 | 33% |
| Payments | 1 | 33% |

10 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 1 | 33% |
| Debt Financing | 1 | 33% |
| Corporate Round | 1 | 33% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Iwan Kurniawan | Co-founder and Chief Operating Officer | 2 | https://shizune.co/investors/profile/iwan-kurniawan-2 |
| Kelvin Teo | Co-Founder | 3 | https://shizune.co/investors/profile/kelvin-teo |
| Reynold Wijaya | Co-Founder and CEO | 1 | https://shizune.co/investors/profile/reynold-wijaya |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Broom | Broom provides access for dealers in automotives to get short-term loans by putting their car inventories up as collateral. |  | Debt Financing | Oct 01, 2024 |  |
| Bank Index | Bank Index provides working capital and investment loans by prioritizing the expansion of market share in the small and medium enterprises segment as well as establishing joint financing with financial institutions like rural banks and finance companies.Established in 1993, Bank Index’s physical footprint includes 42 branches and offices, 24 ofwhich are located in Jakarta while the rest are in major cities. Bank Index is majority owned by Setiawan family, a prominent Indonesian family, whose business interests range from financial services, sugar and flour refinery, and property. |  | Corporate Round | Feb 23, 2022 |  |
| Paper.id | Paper.id is the first free invoicing, payment, accounting and inventory app for SMEs in Indonesia. |  | Series A | Oct 29, 2019 |  |

3 of 3 investments shown.

## Co-investors
- [Funding Societies](https://shizune.co/investors/profile/funding-societies) — VC Fund, 2 deals together
- [ALAMI](https://shizune.co/investors/profile/alami) — VC Fund, 1 deal together
- [Carro](https://shizune.co/investors/profile/carro) — VC Fund, 1 deal together
- [Golden Gate Ventures](https://shizune.co/investors/profile/golden-gate-ventures) — VC Fund, 1 deal together
- [Helicap](https://shizune.co/investors/profile/helicap) — VC Fund, 1 deal together
- [KoinWorks](https://shizune.co/investors/profile/koinworks) — VC Fund, 1 deal together

## Similar investors

### Similar industry
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### Similar stage
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### Similar country
- [East Ventures](https://shizune.co/investors/profile/east-ventures) — VC Fund
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [AC Ventures](https://shizune.co/investors/profile/acventures) — VC Fund

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## FAQ

### What does Modalku invest in?

Modalku invests primarily in Financial Services, Banking and FinTech startups, most often at Series A and Debt Financing stage. Most of the 3 investments tracked by Shizune back companies in Indonesia. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Modalku?

Public channels for Modalku include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Modalku?

The team at Modalku includes Iwan Kurniawan (Co-founder and Chief Operating Officer), Kelvin Teo (Co-Founder) and Reynold Wijaya (Co-Founder and CEO). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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