fintech / news / / Forbes
Indonesian fintech startup AwanTunai raised $27.5 million in a Series B funding round.
AwanTunai raised an oversubscribed $27.5 million Series B round, bringing total equity funding to $51 million.
KEY POINTS
- 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
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