1. Startups

Accion Announces IDR 287 Billion Funding to Amartha

This equity funding was disbursed through the Accion Digital Transformation Fund

Global non-profit organization Accion announced equity funding worth $17,5 million or the equivalent of IDR 287 billion to Amartha. The investment was disbursed through the Accion Digital Transformation Fund, aimed at helping Amartha building a platform that provides a complete range of financial products and services to women-led small businesses in rural areas across Indonesia by leveraging the power of data and AI.

Amartha has developed a comprehensive digital financial infrastructure that connects micro businesses in tier 2 and 3 cities outside Java. By integrating embedded giving and funding models for institutional and retail investors, Amartha simplifies personalized financial solutions according to their customers' needs.

Amartha also offers proprietary payment services and credit scoring systems, providing highly integrated microfinance technology options to digitize grassroots communities in Indonesia.

To date, Amartha has distributed working capital of more than IDR 25 trillion ($1,6 billion) to more than 2,5 million women-led businesses in rural and peri-urban areas in Java, Sumatra, Nusa Tenggara, Sulawesi and Kalimantan .

Amartha's funding platform provides access to capital for grassroots businesses, while representing small businesses as an alternative investment instrument for institutional investors that is profitable and impactful. In addition to investment capital, the Accion Digital Transformation Fund will provide strategic support to strengthen customer engagement, operational efficiency and product innovation using digital technology.

About Accion Digital Transformation Fund

Managed by Accion Impact Management, the Accion Digital Transformation Fund builds on Accion's experience in supporting banks and financial companies around the world to connect millions of people and small businesses to the digital economy. The fund's $152.5 million investments focus on companies serving micro, small and medium enterprises (MSMEs) in South and Southeast Asia, Latin America and Africa, providing growth capital and strategic support for digital transformation.

Accion Transformation Capital Managing Partner Njord Andrewes, who is now a member of Amartha's Board of Commissioners, said, "Through its unique business model and market platform, we believe Amartha is in the right position to connect the many small businesses led by women across Indonesia with reliable financial services. responsible for the first time. We are partnering with Amartha to provide strategic support and growth capital, as they work to reach new customers in underserved areas using digital technology.”

This latest investment positions Amartha to enhance its product offerings in the MSME sector, strengthen its advanced audience analytics systems, and drive adoption of its digital services, connecting more people and small businesses to responsible financial services.

CFO Amartha Ramdhan Anggakaradibrata said “Amartha and Accion have the same goal — reducing inequality in access to financial services. Recent funding from the Accion Digital Transformation Fund will help strengthen our ability to harness the power of data and AI. We will not only meet current customer needs, but also anticipate future trends and challenges. This approach will help us stay at the forefront of fintech innovation, continuing to evolve to provide cutting-edge financial solutions that empower our customers and drive sustainable growth.”

Application Information Will Show Up Here
-
Disclosure: This article was produced with AI technology and supervision of the content writer
Are you sure to continue this transaction?
Yes
No
processing your transactions....
Transaction Failed
try Again

Sign up for our
newsletter

Subscribe Newsletter
Are you sure to continue this transaction?
Yes
No
processing your transactions....
Transaction Failed
try Again