Acceleration Confirms Central Capital Venture Engagement in Series A Funding Round

Startups p2p loans Akseleran confirmed that BCA's CVC, Central Capital Venture (CCV), was included in the Series A funding round. The official announcement was originally scheduled for last month, until it was pushed back to January 2020.

However, Co-Founder & CEO Acceleration Ivan Tambunan is not ready to give more details regarding this, whoever is lead investors. He only said that the funding has been closed, just waiting for the announcement. Not only CCV and Access Ventures, there are several other investors involved.

"CCV is one of the investors, besides them there are several other investors. Funding this has beenclosed," Ivan said to DailySocial, Thursday (19/12).

Previously, Ivan confirm that the nominal funding received by the company was $8,5 million or equivalent to 119 billion Rupiah, according to the initial rumors circulating.

In February 2019, the new company announced funding of $2,5 billion (approximately 35 billion Rupiah) as part of this series A round.

As of mid-December 2019, Akseleran has disbursed a total loan of more than Rp900 billion cumulatively. The company disburses around Rp80 billion in business loans per month. It is targeted that next year the figure will increase to IDR 2 trillion for total loans to -based SMEs invoice financing and pre-invoice financing.

The strategy that will be carried out is to increase the number of Actioncalendar both retail and institutional, as well as the number of borrowers through instant sales as well as schema partnerships. Related partnerships, will be carried out on a digital platform with a scheme supply chain financing partnership.

In increasing the trust of Actioncalendar, the company facilitates credit insurance that guarantees a repayment of the loan principal up to 85% in the event of a late payment from the bank borrowers more than 90 days.

Currently the company has obtained an official business license from the OJK as a p2p lending company.