KoinWorks, an Indonesian financial technology (fintech) start-up, has announced that it had raised US$108 million (Rp 1.6 trillion) in a series C funding round.
Indonesia’s fintech company Komunal raises US$ 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.
Founded in 2013 as a social network for stock investors, Stockbit has evolved into an app that integrates stock trading, information, and social networking.
East Ventures telah berinvestasi di sektor keuangan atau financial technology sejak tahun 2014, dan telah exit dari tiga startup pada tahun 2018.
East Ventures have invested in financial technology or fintech sector since 2014, and have exited three companies by 2018.
Through these investments, Helicap will make key hires to tech and data teams to enhance the firm’s data collection capacities.