Need a loan? Meet AwanTunai. They help Indonesian MSMEs get loans and have just raised $8.5M in Series A3!

• They have served over 70,000 MSMEs and has hundreds of suppliers on their platform.

Who cashed in? The World Bank's IFC, Insignia Ventures Partners, Global Brain, Benchmark Advantage Fund, OCBC NISP Ventura, Ho Swee Chun and Battery Road Digital.

• The IFC poured in $5M, and they also got debt funding from a bank.
• We hear the IFC also invested in Growsari, another MSME-focused startup in the Philippines.
• AwanTunai's last fundraise was an $11.2M equity and $45M debt round in August 2021.

‍

🛒  How it works

They focus on providing loans for the supply chain, especially in the FMCG and grocery sectors.

For merchants. They help merchants order inventory from their app. Forget writing down orders and managing tons of suppliers at a time.

• Don't have enough cash? Buy now, pay for it later.
• AwanTunai's partner banks can use merchants' transactions through their app as a basis to issue these typically underserved MSMEs affordable working capital.

For wholesalers. You'll get a supplier dashboard and point-of-sale (POS) system to monitor and manage your inventory and transactions.

‍

💰 What's with the $$$?

They're continuing their expansion to grow across Indonesia and become a full-stack operating and financial platform for MSMEs.