Oh hi, AwanTunai! This Indonesian startup has just raised a $27.5M Series B. And they’re here to offer easy-to-access loans for MSMEs, focused on the FMCG and grocery industries.

• Founded in 2017, they recently hit positive EBITDA.

Investor check. The round was led by Norwegian sovereign fund Norfund, Japanese CVC MUFG Innovation Partners, and Finnish impact investment vehicle OP Finnfund.

• They last raised $8.5M in a Series A3 round.

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💰 Money, money, money!

For merchants. Run out of stock often? Have limited options for customers because you can’t afford to buy more varieties? Those days are gone.

With Awantunai, you can access up to 200M IDR ($12.8K) in financing for inventory easily through their app.

For distributors and  wholesalers. You’ll get your own ERP system with an embedded financing feature.

• Access up to 2B IDR ($128.6K) in financing for working capital, which you can use to grow your amount of stock or expand to more warehouses.

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🙌🏼 Talking about the future

With the new $$$, they aim to hit positive profit after taxes.

They also plan to strengthen their equity base and expand lending capital facilities to cover $2M worth of annualized inventory purchase financing by the end of 2024.