Jofie Yordan · · 4 min readSEA tech tracker meets microdrama
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In focus
- Tracking the 2025 financials of Funding Societies, Waresix, and Temus
- Spotlight: why SEA apps want us hooked on AI microdramas
- GoTo shareholders clear 2.7% share cancellation
Hello reader,
Indonesia’s P2P lending industry has had a rough few years. Several players have either shut down or been embroiled in scandals, including Investree and KoinWorks.
Among those still standing is Modalku, the Indonesian arm of Funding Societies, which also operates in Singapore, Malaysia, Thailand, and Vietnam.
Despite the funding slowdown, Funding Societies narrowed its net losses by 10% in 2025. But it’s hardly out of the woods, with losses still running at a substantial US$35 million.
You can dig into its other financial metrics in our updated tracker, which also features the latest numbers from Waresix and Temus.
Meanwhile, tech companies across Southeast Asia appear to have caught the microdrama bug. YouTube, Shopee, and Grab are all jumping on the bandwagon, hoping that bite-sized dramas will keep users glued to their platforms.
For YouTube, the appeal is obvious. But for Shopee and Grab? Do people really open a shopping or ride-hailing app for a dose of drama?
In today’s Spotlight, I take a closer look at the microdrama craze sweeping tech platforms.
Jofie Yordan, journalist
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SEA financials tracker: Funding Societies grows revenue by 24%
Photo credit: Funding Societies
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