Indonesia’s fintech company Komunal raises US$ 2.1 million of series A funding led by East Ventures, further promoting the country’s financial inclusion
Komunal, Indonesia’s first fintech company to offer Neo-rural bank services locally, announced earlier today that it has secured US$ 2.1 million (approximately IDR 30 billion) in the Series A funding round. The investment is led by East Ventures with participation from Skystar Capital. Both investors also backed Komunal in the seed funding round. The fresh capital will accelerate Komunal’s mission to boost financial inclusion in Indonesia by enhancing its latest product DepositoBPR.
Singapore Fintech Startup Helicap Acquires Securities Firm Arcor Capital
Helicap Group will use Arcor Capital and Helicap Investments to raise S$250 million in capital from accredited investors.
Indonesia’s Fintech Scene: What You Need to Know
Fintech is one of the fastest growing digital industries in the Indonesian startup scene, thanks to the a confluence of good timing and government support.
Startup Fintech di Indonesia: Semua Hal yang Perlu Kamu Tahu
Fintech merupakan salah satu sektor industri digital dengan pertumbuhan paling cepat, berkat dukungan pemerintah dan waktu yang tepat.
How Does It Feel to be Acquired by Grab? Kudo Co-Founder Spills the Beans
In 2017, Kudo made headlines when it was acquired by Southeast Asian ride-hailing giant Grab to strengthen its foray into the fintech sector.
Kudo’s Untold Story: How It Enabled Indonesia’s Unbanked and Got Acquired by Grab
This article is part of a series by East Ventures revealing the behind-the-scenes stories of how it invested in Kudo, Indonesia-based tech company.
Kumpulan Startup Fintech yang Membuat Sektor Keuangan Menjadi Lebih Mudah Diakses
East Ventures telah berinvestasi di sektor keuangan atau financial technology sejak tahun 2014, dan telah exit dari tiga startup pada tahun 2018.
13 Fintech Startups Who Wants to Make Financial Sector More Accessible, Funded by East Ventures
East Ventures have invested in financial technology or fintech sector since 2014, and have exited three companies by 2018.