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Indonesian fintech trailblazer, AwanTunai, recently marked another milestone by wrapping up its Series B funding round with $27.5 million, surpassing its initial target and signaling a surge in investor confidence.

  • Innovative Solutions: Founded in 2017 by Dino Setiawan, along with former Gojek executives Windy Natriavi and Rama Notowidigdo, AwanTunai specializes in offering accessible inventory purchase financing, coupled with integrated online ordering and inventory management solutions tailored for wholesalers and micro-merchants.
  • Series B Triumph: AwanTunai’s successful Series B funding round, totaling $27.5 million, demonstrates robust investor interest in the company’s innovative solutions aimed at digitizing Indonesia’s cash-centric economy.
  • Diverse Backing: Leading the investment charge are prominent entities such as Norfund, MUFG Innovation Partners (MUIP), and OP FinnFund, indicating international recognition of AwanTunai’s potential to revolutionize financial services in Indonesia.
  • Profitability Path: AwanTunai’s CEO and founder, Dino Setiawan, emphasizes the company’s efficient business model and promising trajectory toward profitability. Notably, the company is already EBITDA positive and is poised to achieve positive profit after tax by year-end, showcasing its robust financial health.

AwanTunai’s latest funding triumph not only underscores its growing influence in Indonesia’s fintech landscape but also highlights the potential for transformation within the nation’s cash economy. With a clear vision, innovative solutions, and solid financial backing, AwanTunai is poised to continue reshaping the future of finance in Indonesia and beyond.

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