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e27 is Asia's largest Tech media platform. We cover the latest news on emerging and disruptive businesses across the region.

Private Capital Markets

Komunal Financial Indonesia PT / Private Capital Markets

<ul><li>Komunal, a fintech company offering neo-rural bank services in Indonesia, has raised US$5.5 million in a Series A extension funding round led by Sumitomo Corporation Equity Asia.</li><li>Jafco Asia, Skystar Capital, Sovereign Capital, and Gobi Partners co-invested.</li><li>With the Series A+ funding, the startup aims to drive financial inclusion in Indonesia by digitalising rural banks.</li></ul>

Komunal, a fintech company offering neo-rural bank services in Indonesia, has raised US$5.5 million in a Series A extension funding round led by Sumitomo Corporation Equity Asia.Jafco Asia, Skystar Capital, Sovereign Capital, and Gobi Partners co-invested.With the Series A+ funding, the startup aims to drive financial inclusion in Indonesia by digitalising rural banks.

Komunal lands US$5.5M in Series A+ round to digitalise rural banks in Indonesia | e27

Indonesia

Komunal Financial Indonesia PT operates as a financial technology-based company. The Company offers funding, loans, credit risk management, investments, and other financial services online. Komunal Financial Indonesia serves individuals, organizations, and legal entities.

Komunal Financial Indonesia PT (1769985D IJ)

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Komunal lands US$5.5M in Series A+ round to digitalise rural banks in Indonesia | e27

Komunal has so far partnered with 376 rural banks and channels productive loans to MSMEs predominantly based in tier 2 and 3 cities

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