# Komunal Indonesia

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/komunal-indonesia

- Industry: Software
- Headquarters: Surabaya, Indonesia
- Website: www.komunal.id
- Total disclosed funding: $17M
- Latest round: Series A (Dec 22, 2023)
- Investors on record: 8

## About

Based in Indonesia, PT Komunal Indonesia provides innovative digital financial solutions to enhance financial inclusion, particularly in rural areas, through peer-to-peer lending and deposit marketplace services.PT Komunal Indonesia, founded in 2018 in Surabaya, Indonesia, specializes in connecting rural banks with micro-enterprises and women-owned MSMEs through its lending platform. The company has executed 8 deals, with its most recent being a Series A funding round on December 22, 2023, raising USD 5.5 mn from investors including Sumitomo Corporation Equity Asia and East Ventures. The firm is co-founded by Hendry Lieviant, Kendrick Winoto, and Rico Tedyono, with Hendry Lieviant serving as CEO.Komunal Indonesia specializes in providing digital financial solutions aimed at enhancing financial inclusion in rural areas of Indonesia. The company's core offerings include a peer-to-peer (P2P) lending platform that connects rural banks (BPR) with micro-enterprises and women-owned MSMEs, facilitating access to funding that would otherwise be limited. Additionally, Komunal has introduced DepositoBPR, the first marketplace for rural bank deposit products across Indonesia, allowing customers to invest in rural banks' deposit offerings. The platform leverages technology to streamline the lending process and enhance economic growth, particularly for underserved communities, primarily targeting provinces and cities outside the Jabodetabek area.Komunal generates revenue primarily through transaction fees associated with its P2P lending services and deposit marketplace. The firm employs a fee structure for successful lending transactions facilitated through its platform, creating a streamlined process for both lenders and borrowers. Clients include rural banks seeking to expand their deposit base and micro-enterprises looking for financial support. By promoting financial products that cater to underserved segments, such as women-owned MSMEs, Komunal enhances its transaction volume, engaging in direct-to-consumer transactions through its digital platform, enabling users to invest and borrow efficiently.In January 2023, Komunal Indonesia raised USD 5.5 mn in Series A funding to advance its financial products. The company plans to expand its offerings and enhance its current services to better meet the needs of its users. The recent funding will facilitate the development of new products aimed at improving financial access and inclusion in Indonesia's rural markets. Additionally, Komunal aims to reach more areas outside of its current operational regions, targeting specific provinces for expansion by leveraging its strengthened financial position.

## Funding rounds

- Series A, Dec 22, 2023, $5.5M — Sovereign Capital Partners, Gobi Partners, JIF Capital, East Ventures, Sumitomo Corporation Equity Asia, Skystar Capital, AlphaTrio Capital, Ozora Yatrapaktaja
- Series A, Jan 17, 2023, $8.5M — Sovereign Capital Partners, Gobi Partners, East Ventures, Skystar Capital, AlphaTrio Capital, Ozora Yatrapaktaja
- Seed, Nov 25, 2021, $2.1M — East Ventures, Skystar Capital
- Seed, Nov 21, 2019, $0.7M — East Ventures, Skystar Capital

## Investors

- East Ventures (https://capitalatlas.ai/funds/east-ventures) — Seed, Series A
- Skystar Capital (https://capitalatlas.ai/funds/skystar-capital) — Seed, Series A
- Sovereign Capital Partners — Series A
- Gobi Partners (https://capitalatlas.ai/funds/gobi-partners) — Series A
- AlphaTrio Capital (https://capitalatlas.ai/funds/alphatrio-capital) — Series A
- Ozora Yatrapaktaja (https://capitalatlas.ai/funds/ozora-yatrapaktaja) — Series A
- JIF Capital (https://capitalatlas.ai/funds/jif-capital) — Series A
- Sumitomo Corporation Equity Asia (https://capitalatlas.ai/funds/sumitomo-corporation-equity-asia) — Series A