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Aditya Hadi Pratama · · 1 min readInsignia joins Indonesian fintech platform’s $11.2m round
AwanTunai, an Indonesia-based fintech platform, announced that it has raised US$11.2 million in its latest round.
More funding details
- Existing investor: Insignia Ventures Partners and Global Brains
- Other investors: BRI Ventures and OCBC NISP Ventura
- Stage: Series A2
More company updates
- AwanTunai plans to use the fresh capital to continue its expansion across Indonesia.
- Accial Capital and Bank OCBC NISP have also extended debt facilities of more than US$45 million to the fintech firm.
- The startup has helped over 8,000 micromerchants purchase inventories from more than 160 suppliers and apply for loan facilities through its platform.
- The Jakarta-based company earlier raised US$4.3 million in its series A round, which was led by Insignia Venture Partners and AMTD group.
For more coverage of the company, head here. You can also click on the link below to view key details about the company as well as its funding history.
Editing by Miguel Cordon and Arpit Nayak
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