Friday, December 6, 2024
HomeRecent ArticlesIndonesia based Komunal Secures US$5.5 Mn in Extended Series A Round

Indonesia based Komunal Secures US$5.5 Mn in Extended Series A Round

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, Skystar Capital, Sovereign’s Capital, Ozora, and Gobi Partners.

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.

Read also – Lumian Secures $3.2 Mn Pre-Seed Funding

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.

Read also – Global Radiotherapeutics Company Full-Life Technologies Secures USD $47.3 Mn Series B Funding

Komunal hopes to reach greater heights in the future and will utilize this financing to improve financial inclusion in Indonesia.

Read also – Cloud Security Platform Orca Security lays off 15% of workforce

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.

Read also – Aqua Security Closes $60M Additional Funding at a Valuation Above $1B

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.

Read also – Robin AI Raises $26M Series B Funding led by Temasek

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular