South Jakarta peer-to-peer lending platform founded in 2015 that serves SMEs and individual borrowers in Indonesia.
Founded in 2015 and headquartered in South Jakarta, Indonesia, PT Lunaria Annua Teknologi, known as KoinWorks, operates a peer-to-peer lending platform that links SME and individual borrowers with lenders. It earns revenue from interest on loans and service fees for origination and management. On February 4, 2022, the company raised USD 65 mn in venture debt as part of a USD 108 mn Series C and debt financing round. The funds will be used to hire about 400 employees and scale its SME Neobank product.
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