Indonesian P2P lender partners with bookkeeping platform BukuWarung

Details:

• Modalku is making up to 100 million rupiah (about US$7,000) available to BukuWarung users, with interests adjusted to the portfolios and business transaction histories of borrowers.
• The service will be available to entrepreneurs whose businesses have been operating for over six months.

Dive deeper:

• The partnership comes after BukuWarung secured US$60 million in a series A round led by Peter Thiel’s Valar Ventures and US-based investor Goodwater Capital in June. (Read: This Indonesian fintech startup bagged $60m, but is yet to fully cash in on its product)
• Around the same time last year, BukuWarung also secured an undisclosed amount of pre-series A funding from Quona Capital, among others.

Currency converted from rupiah to US dollar: US$1 = 14,242.25 rupiah.