AwanTunai is an Indonesian fintech focused on closing the inventory purchase financing gap for micro, small, and medium enterprises (MSMEs). Its AwanToko platform lets warung owners check stock and prices at hundreds of wholesalers and place online orders. Through AwanTempo, MSMEs can access funding of up to IDR 500 million for inventory purchases. The company aims to address an estimated USD 50 billion inventory financing gap in Indonesia. AwanTunai secured a IDR 300 billion debt facility from HSBC to expand these services and help small retailers operate more efficiently and profitably. The HSBC facility is provided under HSBC’s USD 1 billion ASEAN Growth Fund, which targets companies leveraging digital platforms across Southeast Asia. AwanTunai is a Jakarta-based fintech that offers a point-of-sale financing solution to digitise Indonesia’s vast cash economy. Its core product provides POS financing aimed at bringing more transactions onto digital rails. The company has closed a Series B round at $27.5 million. The round was led by global banking groups and sovereign investors, the company confirmed to DealStreetAsia. The article does not disclose revenue, user metrics, or prior funding details. Additional operational or financial specifics were not provided in the coverage. AwanTunai is a Jakarta-based fintech startup. The company has raised about $11.2 million in a fresh funding round. The round was backed by existing investor Insignia Ventures Partners. This information was disclosed in regulatory filings accessed by DealStreetAsia – DATA VANTAGE. The articles do not provide details on the company's core product, future plans, operating metrics, valuation, or the funding instrument. AwanTunai was founded in 2017 to digitize Indonesia's offline FMCG and food supply chain and expand financing access for micro-merchants. Its core products include inventory ordering, digital payments, and AwanTempo, an inventory purchase financing program to help merchants manage cash flow. The company leverages merchant transaction data recorded on its app to originate low-interest financing to underserved and unbanked merchants. It announced a USD 20 million debt facility from Accial Capital to finance loans to suppliers and micro-merchants and to grow AwanTempo. AwanTunai targets Indonesia's roughly 60 million micro-merchants, addressing the lack of transaction records that limit credit access. The startup previously raised a USD 4.3 million Series A in 2018 led by Insignia Venture Partners and AMTD Group. AwanTunai is an Indonesian fintech startup. The company announced the close of a $4.3 million Series A funding round. The round was led by Insignia Venture Partners and AMTD Group. The article does not list other participating investors. No product, revenue, user metrics, valuation, or use-of-proceeds details were disclosed in the article. The reporting provides limited information beyond the fundraise.

Total raised

$83M

Funding rounds

5

Latest round

Debt Financing

Latest activity

Jul 2024