KUALA LUMPUR, 05 March 2025 – Funding Societies | Modalku (Funding Societies), the leading digital finance platform for small and medium enterprises (SMEs) across Southeast Asia, has announced a strategic partnership with Boss Boleh, an online company secretary service that simplifies company incorporation and secretarial processes for new businesses. This collaboration aims to address the common challenges businesses face, such as securing financing, managing corporate administrative tasks, and navigating the implementation of e-invoicing.
The partnership is designed to help startups and SMEs, particularly those operating for less than a year, access essential financing solutions. These include digital term and invoice financing, offered by Funding Societies, enabling businesses to focus on their growth and succeed in Malaysia’s rapidly changing business landscape.
Boss Boleh brings its expertise in business setup and compliance, providing accounting, bookkeeping, company secretary, tax, and software solutions, including e-invoicing. This strong foundation of support helps entrepreneurs navigate the complexities of business administration, while the new partnership adds a critical financial layer, offering SMEs access to funding solutions that support their growth and scalability.
Funding Societies, which has refined its digital credit model over the past decade, has helped SMEs across Southeast Asia with financing solutions that require minimal documentation and are easy to apply for. As a platform that has grown alongside SMEs, Funding Societies understands the challenges young entrepreneurs face, having experienced the complexities of business expansion and financial management firsthand. This knowledge allows them to tailor financing options to meet the specific needs of small businesses, ensuring quick, reliable, and digital-first funding.
Chai Kien Poon, Country Head of Funding Societies Malaysia, stated, “At Funding Societies, we are focused on improving SMEs’ access to financing. Our collaboration with Boss Boleh is a significant step in supporting young entrepreneurs, especially those with limited financial history, by providing them with tailored financial solutions. With the growing use of e-invoicing across businesses, we are excited to explore how e-invoicing data can enhance our ability to help underserved businesses access the funding they need.”
To celebrate this collaboration, the two companies hosted a webinar on February 28, 2025, titled “钱去哪儿?” (or “Where Did Your Money Go?”). More than 200 SMEs participated to learn about common business challenges in Malaysia. The session focused on two key topics: how SMEs can better prepare for bank funding, especially when seeking audit exemptions, and addressing misconceptions about SME financing, presented by Boss Boleh and Funding Societies.
Angie Ng, Co-Founder and CEO of Boss Boleh, emphasized, “Cash flow is crucial, and managing it remains one of the biggest challenges for business owners, especially startups, many of which fail due to cash flow issues. Our partnership with Funding Societies tackles this problem head-on by offering innovative financing solutions. This collaboration is especially important for new businesses that often struggle to obtain bank loans due to a lack of trading history. At Boss Boleh, we simplify the documentation and process for applying for loan facilities, ensuring entrepreneurs can access fast and reliable funding to help them thrive.”
This partnership highlights both companies’ dedication to promoting financial inclusion, ensuring young and emerging businesses have the resources and digital tools they need to succeed. By combining Boss Boleh’s expertise in digital corporate services with Funding Societies’ extensive experience in SME financing, the collaboration aims to foster a more inclusive financial ecosystem for startups and SMEs in Malaysia.
