AwanTunai Grabs Over 811 Billion Rupiah in a Form of Equity and Loan
AwanTunai is building a credit scoring system for MSMEs can get access to loans from banks
Fintech lending startup AwanTunai confirmed the series A2 funding that the company had obtained amounting to $56.2 million (more than 811 billion Rupiah) in the form of equity and loan facilities. Equity funding of $11.2 million was provided by BRI Ventures and OCBC NISP Ventura as new investors, participated also Insignia Ventures and Global Brains as previous investors.
Meanwhile, a loan facility of $45 million was provided from Accial Capital and Bank OCBC NISP. This is a top up loan provided from the bank which has disbursed a facility worth more than $45 million.
In an official statement delivered today (27/8), AwanTunai's CEO, Dino Setiawan said this fresh funding will be used to finance the company's domestic expansion, therefore, more micro MSMEs are empowered with fast and affordable access to financing.
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