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.
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.
Cicil Raises Series A Funding to Addess Indonesian Students’ Study Needs
Cicil provides financial help to students who need to pay for their tuition fees or other items such as laptops which they need for school.
Julo Raises Seed Round Led by Indonesian Venture Capital East Ventures
Julo will use the capital to accelerate financial inclusion in Indonesia, focusing on 100 million underbanked people to obtain loans for their personal use.
Cermati Closes Its Series A Extension from Orange Growth Capital
Founded in April 2015, Cermati is an platform that helps customers research and acquires financial products, such as credit cards, loans, and mortgages.