AwanTunai Books Series A3 Funding, In the Form of Equity and Debt

Services CloudCash back in funding. Based on the data inputted to the regulator, the value is around $8,5 million or the equivalent of 121,5 billion Rupiah. A number of investors were also involved, including International Finance Corporation (IFC), Global Brain, Insignia Ventures, OCBC NISP Ventures, and several others.

When contacted DailySocial.id, Co-Founder & CEO of AwanTunai Dino Setiawan confirmed the new funding, which is included in the A3 series. He also explained that the investment obtained consisted of two types, namely equity funding and loan facilities (debt facility). For the value above is equity funding, while debt facility value has not been stated.

In this round, IFC became the largest fund supporter, contributing about 50% of the total value of equity funding obtained. The inclusion of financial institutions under the World Bank in CloudTunai adds to the list portfolio in Indonesia. Previously, IFC also invested in PasarPolis, ASSA, and eFishery. Part of its mission is to seek impactful investment projects, such as to increase financial inclusion and digitalization in the real sector.

CloudCash announced $2 million series A56,2 funding (more than 811 billion Rupiah) in the form of equity and loan facilities in mid-2021. Equity funding of $11,2 million was provided by new investors BRI Ventures and OCBC NISP Ventura, as well as participation from previous investors, including Insignia Ventures and Global Brains.

AwanTunai specializes in supply chain financing, targeting micro-enterprises in the regions. Until June 2021, the company has cooperated with more than 160 partners beg to help traditional wholesalers digitize and finance their businesses. CloudTunai has served more than 8.000 micro merchants as users, with an increasing number of users coming from cities tier 2 and 3 in Indonesia.