Tired of ads? Enjoy an ad-free experience by signing up.
Shadine Taufik · · 1 min read

East Ventures leads $8.5m funding round of P2P lending firm

Komunal is a peer-to-peer lending company that bridges Indonesian SMEs to investors. The company is headquartered in Indonesia.

Funding details

  • Funding amount: $8,500,000
  • Lead investor: East Ventures
  • Other investors: AlphaTrio Sustainable Technology Fund, Skystar Capital, Sovereign’s Capital, Ozora, Gobi Partners
  • Stage: Series B
  • Source

More details

Komunal→

The company was founded in 2018 by Kendrick Winoto, Hendry Lieviant, and Rico Tedyono.

Stage Amount (US$) Investors
Seed $900k East Ventures, Skystar Capital
Series A $2.1M Skystar Capital, East Ventures
Series B $8.5M Ozora, Skystar Capital, Gobi Partners, East Ventures, AlphaTrio Sustainable Technology Fund, Sovereign’s Capital
Total $11.5M

Editing by Miguel Cordon and Lorenzo Kyle Subido

(And yes, we’re serious about ethics and transparency. More information here.)

Stay ahead in Asia’s tech landscape

You've reached your 2 free content limit for the month. Sign up for free to read the full story.

🏄 For casual readers / 👶 Free

Basic

US$0

Free forever

Get instant access to this article and more every month

0 premium content

Unlimited news briefs

5

5 articles

Ad-free reading experience

Just US$0 per day

⌛Sign up in 20s. No payment details needed.

📖 For learners / 👍 Starter

Lite

US$4.92/month

Billed annually at US$59/year

Get instant access to this article and more every month

4

4 premium content

Unlimited news briefs & articles

Ad-free reading experience

Just US$0.17 per day

Cancel anytime

Our subscriber community includes professionals from these companies:

TIA Writer

Shadine Taufik

Fan of all things AI and art.