# Awan Tunai

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/awan-tunai

- Industry: Financial Services
- Headquarters: South Jakarta, Indonesia
- Website: www.awantunai.co.id
- Total disclosed funding: $52M
- Latest round: Series B (Mar 12, 2024)
- Investors on record: 18

## About

Awan Tunai, based in Indonesia, is a financial technology company that provides integrated working capital solutions tailored for micro, small, and medium enterprises (MSMEs), enhancing their access to necessary funding.Founded in 2017 and headquartered in South Jakarta, Indonesia, Awan Tunai operates as a subsidiary under PT Simplefi Teknologi Indonesia. The company has completed 12 deals, with its most recent funding round being a Series B that raised USD 27.50 mn on December 12, 2024. Awan Tunai has been instrumental in supporting MSMEs through innovative financing solutions, positioning itself firmly within the Indonesian market. The company's founders include Rama Notowidigdo and Windy Natriavi, with Dino Setiawan serving as the CEO.Awan Tunai primarily provides integrated working capital solutions for Indonesian MSMEs, focusing on partnership with AwanToko to facilitate financing for inventory purchases. Their core offering is the AwanToko Pro, which digitizes traditional supplier operations, complemented by a mobile application that aids the digital transformation of grocery stores and small retail shops. This suite effectively addresses the challenges faced by MSMEs in acquiring timely funding for essential goods, particularly in the staple food distribution sector, serving a diverse range of local grocery stores and wholesalers across urban and rural areas.Awan Tunai's revenue model revolves around facilitating lending transactions between funders and borrowers, primarily targeting MSMEs in Indonesia. The company enables swift access to working capital for inventory procurement through a B2B framework, connecting lenders with businesses utilizing Awan Tunai's services. While specific pricing details are not disclosed, their business model focuses on providing low-cost financing solutions, contributing to efficient cash flow management for retailers and wholesalers, and promoting economic growth within the MSME sector in Indonesia.Looking ahead, Awan Tunai plans to utilize the recent USD 27.50 mn raised in their Series B funding to enhance their product offerings and support expansion efforts. They aim to explore new markets within Southeast Asia, targeting regional growth by late 2025. The company is also set to introduce additional features in the AwanToko platform, aimed at further digitizing supply chain processes and improving financial accessibility for MSMEs.

## Funding rounds

- Series B, Mar 12, 2024, $28M — Norfund, International Finance Corporation, Finnfund, OP Asset Management, Insignia Ventures Partners, Krungsri Finnovate, MUFG Innovation Partners, OCBC NISP Ventura
- Series A, Mar 7, 2022, $8.5M — International Finance Corporation, Global Brain, Insignia Ventures Partners, Battery Road Digital Holdings, OCBC NISP Ventura, Benchmark Advantage Fund
- Series A, Aug 27, 2021, $11M — Global Brain, Insignia Ventures Partners, OCBC NISP Ventura, Atlas Pacific Capital, BRI Ventures
- Series A, Nov 15, 2018, $3.4M — Global Brain, Pegasus Tech Ventures, AMTD Group Company Limited, Insignia Ventures Partners, Golden Summit Capital, Five Stones Investment Group
- Series A, Nov 7, 2017, $0.9M — Insignia Ventures Partners, Kembangan Holdings Ltd.

## Investors

- Insignia Ventures Partners (https://capitalatlas.ai/funds/insignia-ventures-partners) — Series A, Series B
- Kembangan Holdings Ltd. — Series A
- Global Brain (https://capitalatlas.ai/funds/global-brain) — Series A
- Pegasus Tech Ventures (https://capitalatlas.ai/funds/pegasus-tech-ventures) — Series A
- AMTD Group Company Limited — Series A
- Golden Summit Capital (https://capitalatlas.ai/funds/golden-summit-capital) — Series A
- Five Stones Investment Group (https://capitalatlas.ai/funds/five-stones-investment-group) — Series A
- OCBC NISP Ventura — Series A, Series B
- Atlas Pacific Capital (https://capitalatlas.ai/funds/atlas-pacific-capital) — Series A
- BRI Ventures (https://capitalatlas.ai/funds/bri-ventures) — Series A
- International Finance Corporation — Series A, Series B
- Battery Road Digital Holdings — Series A
- Benchmark Advantage Fund — Series A
- Norfund (https://capitalatlas.ai/funds/norfund) — Series B
- Finnfund — Series B
- OP Asset Management — Series B
- Krungsri Finnovate (https://capitalatlas.ai/funds/krungsri-finnovate) — Series B
- MUFG Innovation Partners (https://capitalatlas.ai/funds/mufg-innovation-partners) — Series B