KoinWorks Receives 316 Billion Rupiah Funding from European Financial Institution and Venture Capital
Summary
In terms of the loan, the company only reveals the two financial institutions that come from Europe.This round has added up to the companys capital after previously announced series B and B2 funding on November 2019 worth of SG$18.5 million (around 190 billion Rupiah) from Saison Capital. While some others seem to be on-track in growth.In addition to KoinWorks, several startups who have recently announced funding include Kargo Technologies (logistics), Investree (financial), WebTrace (logistics), BukuWarung (SaaS), and others.DSResearchs report has noted that during the first quarter of 2020, funding trends remained relatively normal. It includes Gojeks Series F funding that reaches 21 trillion Rupiah.Koinworkss founder agreed, trusts from investors during these difficult times - especially from the outside - show a good indication for the digital ecosystem in Indonesia. "Investment from Triodos, especially during the current turbulence, shows extraordinary confidence in our ability as the best loan provider in the Indonesian fintech industry. We are pleased to have a leading international institution joining our ranks of investors while continuing to move forward," KoinWorks CEO & Co-Founder, Benedicto Haryono said.Original article is in Indonesian, translated by Kristin Siagian