# Indonesian fintech startup AwanTunai raised $27.5 million in a Series B funding round.

*fintech · news · 2024-03-15 · Forbes*

## Key points

- AwanTunai raised an oversubscribed $27.5 million Series B round, bringing total equity funding to $51 million.
- Lead investors include Norfund, MUFG Innovation Partners, OP Finnfund Global Impact Fund I and Krungsri Finnovate.
- AwanTunai uses proprietary ERP and patented machine learning to analyze SME transaction data for risk management.
- By end of 2024, AwanTunai aims to finance $2 billion in annualized inventory purchases among its users.
- AwanTunai claims to be Ebitda positive, though it declined to disclose its current valuation.

**Companies:** MUFG Innovation Partners, Norfund, OP Finnfund Global Impact Fund I, OCBC Indonesia, AwanTunai, Krungsri Finnovate, IFC, Insignia Ventures Partners
**Countries:** Indonesia, Norway, Japan, Finland, Thailand, Singapore

[Read the full story on Forbes](https://www.forbes.com/sites/catherinewang/2024/03/15/this-fintech-startup-raised-275-million-to-bring-indonesian-smes-online/)

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