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Aditya Hadi Pratama · · 1 min readIndonesian fintech lender Amartha bags $7.5m from Norwegian investment fund
Amartha, an Indonesian peer-to-peer lending startup, has received US$7.5 million in funding from the Norwegian state-owned investment arm Norfund.
More funding details
- Sole investor: Norfund
- Stage: Unspecified
More company updates
- A representative from Amartha declined to disclose the structure of the investment.
- The company will use the money to fund loans for women micro-entrepreneurs in Indonesia’s rural areas and support environment-friendly businesses in the country.
- Since its inception, Amartha has disbursed more than 3.7 trillion rupiah (around US$258.5 million) to more than 670,000 women in Java, Sumatra, and Sulawesi island.
- The announcement comes after Amartha raised US$28 million from the Women’s World Banking Capital Partners II fund and MDI Ventures earlier this year.
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 September Grace Mahino
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