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Ki-ka: Co-founder, Rama Notowidigdo; Chief Product Officer, Windy Natriavi; dan Chief Executive Officer, Dino Setiawan.
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Startup fintech (financial technology) AwanTunai get funding US$11.2 million fresh from new investors BRI Ventures and OCBC NISP Ventures, as well as participation funding from existing investors, including Insignia Ventures and Global Brains.
In addition, Accial Capital, and Bank OCBC NISP has also disbursed more than US$45 million worth of loan facilities to support businesses fintech AwanTunai in Indonesia.
AwanTunai In addition to providing digital services for ordering supplies, payments and consumer management for traditional wholesalers and retailers, it also provides financing for purchasing supplies to suppliers of fast moving consumer goods (FMCG) and micro traders of everyday foodstuffs.
Funding in series A2 will be used to finance domestic expansion AwanTunai, which aims to continue the commitment AwanTunai in advancing and empowering Indonesian micro MSMEs by providing affordable and fast access to finance.
“AwanTunai is building a data infrastructure for digitizing offline inventory purchase transactions. The data is effective for credit risk management and opens up opportunities for micro MSMEs who previously had minimal access to access working capital from our partner banking institutions,” said Dino Setiawan, CEO of AwabTunai.
Until June 2021, AwanTunai has collaborated with more than 160 supplier partners to help traditional wholesalers digitize and finance their businesses, as well as provide integrated online ordering and inventory financing for micro MSME shop consumers through the AwanToko mobile application.
AwanTunai has served more than 8,000 micro merchants as users, with an increasing number of users coming from tier 2 and 3 cities in Indonesia.
“Millions of MSMEs who do not have access to banking have an important role in the economy, we believe that support and access to capital will strengthen and help them continue to struggle in this pandemic. AwanTunai providing more access to working capital for underserved MSMEs with better access to working capital,” explained Dary Ratulangi, Managing Director OCBC NISP Ventura.
Meanwhile, Nicko Widjaja, CEO BRI Ventures said “AwanTunai have a customer profile similar to Bank BRI. By empowering micro merchants, who are the backbone of the Indonesian economy, AwanTunai has helped small businesses maintain and grow their businesses in these difficult times. We look forward to further collaboration with AwanTunai to reach MSMEs that have been underserved so far.”
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