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Aditya Hadi Pratama · · 1 min readIndonesian farming lender bags $9m in Monk’s Hill-led round
Crowde, an Indonesia-based fintech firm that focuses on agriculture sector, raised almost US$9 million in its latest round, according to data from VentureCap Insights.
More funding details
- Lead investor: Monk’s Hill Ventures
- Existing investor: Mandiri Capital Indonesia
- Other investors: PT Great Giant Pineapple, a subsidiary of Indonesian conglomerate Gunung Sewu Group
- Stage: Series B
More company updates
- VentureCap Insights pegs Crowde’s valuation at around US$32 million. Tech in Asia has reached out to Crowde for comments.
- In 2019, the company raised US$1 million in a pre-series A funding round led by Mandiri Capital Indonesia.
- Crowde stated on its website that it logged a revenue of 6.2 billion rupiah (around US$438,000) and turned a profit of 2.6 billion rupiah (around US$183,000) in 2020.
- Since it started, the fintech firm has disbursed loans to around 34,000 borrowers.
Currency converted from Indonesian rupiah to US dollar: US$1 = 14,150 rupiah
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 Collin Furtado and Arpit Nayak
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