Indonesia based Komunal Secures US$5.5 Mn in Extended Series A Round from Sumitomo Corporation and other existing investors like AlphaTrio Sustainable Technology Fund, JAFCO Asia, Skystar Capital, Sovereign’s Capital, Ozora, and Gobi Partners.
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Komunal Indonesia is a fintech company whose mission is to accelerate financial inclusion through digitizing rural banks by combining funding access and hyperlocal lending to support economic growth in Indonesia.
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Komunal hopes to reach greater heights in the future and will utilize this financing to improve financial inclusion in Indonesia.
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About Komunal
Established in 2019 with a mission to enhance financial inclusion in Indonesia, Komunal has evolved into a neo-rural bank, making significant strides in the fintech landscape. Pioneering innovation, Komunal proudly stands as the first fintech company to introduce a rural bank-product-deposit app in Indonesia.
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Komunal ‘s diverse financial services portfolio includes DepositoBPR, a groundbreaking platform facilitating digital deposits with numerous rural banks (BPR) nationwide, and a peer-to-peer lending platform connecting aspiring MSMEs with potential lenders.
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