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AwanTunai secures $27.5m in Series B funding led by Norfund, MUFG Innovation Partners, and OP FinnFund to transform Indonesia’s cash economy.

Mar 14, 2024•over 1 year ago

Amount Raised

$27.5 Million

Round Type

series b

Indonesia

Investors

Op Finn FundMufg Innovation PartnersNorfund

Description

AwanTunai, the Jakarta-based FinTech startup, closed its Series B funding round with a significant $27.5m, led by Norfund, MUFG Innovation Partners, and OP FinnFund. The funding will enable AwanTunai to expand lending capital facilities and support over $2bn of annualized inventory purchase financing.

Company Information

Company

Awan Tunai

Location

Indonesia

About

AwanTunai seek to reinforce Indonesian needs and productivity by providing digital loan for a better financial freedom and capability to micro-entrepreneurs

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech