Komunal operates two business lines: DepositoBPR by Komunal and Komunal P2P Lending. DepositoBPR enables Indonesian residents to make digital deposits in rural banks at government‑guaranteed deposit rates without visiting branches. Komunal P2P Lending connects local micro, small and medium enterprises with lenders able to provide loans. The company announced completion of a $5.5M A+ financing round. The financing was described in the article but no revenue or user metrics were provided. The article focuses on the product offerings and the recently closed A+ round. Komunal digitizes Indonesia's rural banks (BPRs) through its DepositoBPR platform, enabling users to make deposits and apply for loans digitally without visiting physical branches. It also operates a peer-to-peer lending platform that connects MSMEs with lenders. The startup partners with more than 220 banks in tier 2 and tier 3 cities across 19 provinces and was founded in 2019 in Surabaya, East Java. In 2022 its platform channeled IDR 3.6 billion (about $230 million) in deposits and loans, a 350% year-over-year increase from $50 million in 2021, and it expects transaction volume to exceed $500 million this year. Komunal has recorded positive EBITDA since October 2022. Its DepositoBPR app lets customers choose rural banks and deposit products, create virtual accounts, transfer funds, and access government-guaranteed deposits with higher interest rates.

Total raised

$14M

Funding rounds

2

Latest round

Series A

Latest activity

Jan 2024