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Startups

KoinWorks bags $20m in additional capital and debt facilities

Indonesian fintech lender secures credit line from Netherlands-based Triodos Bank

KoinWorks provides a peer-to-peer fintech lending service to small and midsize enterprises. (Screenshot from KoinWorks website) 

JAKARTA -- An Indonesian peer-to-peer fintech lending platform for SMEs on Monday announced that it raised $20 million in fresh debt and additional capital. For the equity capital, KoinWorks completed the first close of a convertible note from several VC firms, including existing investors Quona Capital, EV Growth and Saison Capital.

The company also secured new credit facilities, including from Netherlands-based Triodos Bank, to underwrite loans on its platform.

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