Kelvin Teo

Kelvin Teo is the Co-founder and CEO of Funding Societies | Modalku, the largest SME digital finance platform in Southeast Asia, operating in Singapore, Indonesia, Malaysia, Thailand, and Vietnam. Kelvin founded the FinTech firm in 2015 and has led the company with the vision of solving the "missing middle" financing gap and uplifting Southeast Asian societies, by empowering small and medium enterprises (SMEs) with working capital loans and CardUp payment solutions — hence the name Funding Societies.

As of June 2025, the FinTech has disbursed over USD 4.7 billion in loans to more than 100,000 SMEs and is annualizing USD 1.4 billion in payment gross transaction volume (GTV), backed by prominent investors. Recognized as one of the Top 200 FinTech Influencers in Asia, Kelvin has spoken at major conferences such as Money20/20, Seamless Asia, and the Singapore FinTech Festival. He was a key member of the Singapore FinTech Association’s Digital Finance Subcommittee in 2018 and was named one of the Top 12 FinTech Leaders by the association in 2020. Prior to founding Funding Societies, Kelvin was a Senior Business Analyst at McKinsey, Accenture, and KKR (Capstone), where he worked with C-level executives of leading Southeast Asian companies to develop and implement strategy. Kelvin holds a Master of Business Administration from Harvard Business School and a Bachelor of Business Administration (Accounting and Entrepreneurship) from the National University of Singapore, where he graduated as valedictorian. He is also a Chartered Accountant, certified by the Institute of Singapore Chartered Accountants.