1. Startup

Modalku Group Obtains Additional 256 Billion Rupiah Debt Funding

The company is also reported to have received additional equity funding from Mitsui Banking Corporation worth $15 million

The Modalku Group announced $18 million (over 256 billion Rupiah) debt funding from a syndicate led by three financial institutions, Helicap Investments, the Social Impact Debt Fund (managed by Taurus Wealth Advisors), and a Japan based financial services group. This round is part of the company's current debt funding target to raise $120 million.

These debt funds will be redistributed to finance MSMEs in the four countries where Modalku Group operates.

Separately, based on DailySocial.id's source, Sumitomo Mitsui Banking Corporation (SMBC) channeled equity investment in a Series C round for Modalku worth of $15 million (over 213 million Rupiah).

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