JAKARTA -- Indonesian fintech startup AwanTunai announced on Monday that it has raised $20 million via a debt facility from Accial Capital.
The company will use the funds to finance loans to suppliers and micro-merchants, according to a statement.
36Kr/KrASIA
Indonesia fintech AwanTunai raises $20m to fund merchants
Startup helps the underserved and unbanked manage cash flow
The lack of transaction records remains the biggest obstacle for obtaining loans from banks for Indonesia’s micro-merchants. © Reuters
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