P2P lender Funding Societies appoints three C-level executives

Peer-to-peer lending platform Funding Societies (aka Modalku) has announced new additions to its senior management as it scale its operations.

From left: Dheeraj Chowdhry, Matt Lambie, and Jared Goldberg / Photo credit: Funding Societies

Matt Lambie has joined as the chief technology officer. He will be responsible for web, mobile, and platform software development efforts, as well as technical operations, quality assurance, and information security, according to a statement. Prior to his appointment at Funding Societies, Lambie was the group CTO at MoneySmart.

Deeraj Chowdhry is the new CEO for Funding Societies Singapore. He has over 20 years of experience in banking at organizations such as American Express and ANZ. Consequently, Funding Societies co-founder Kelvin Teo will take up the duties of group CEO, a new position.

Jared Goldberg, who has almost 15 years of experience in financial services technology and data, has been appointed as the new chief data officer. He will ensure the industrialization of insights and monetization of data as well as overseeing the data management, engineering, analytics, and science teams.

Backed by Softbank Ventures Asia Corp and Sequoia Capital India, Funding Societies provides financing to small- and medium-sized enterprises (SMEs). In four years, the platform has helped fund more than S$800 million in loans, the company claims.

“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.” said Kelvin Teo, co-founder and group CEO of Funding Societies.