# PT Crowde Membangun Bangsa

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pt-crowde-membangun-bangsa

- Industry: Financial Services
- Headquarters: Jakarta, Indonesia
- Website: http://www.crowde.co
- Total disclosed funding: $11M
- Latest round: Series B (Oct 15, 2021)
- Investors on record: 6

## About

PT Crowde Membangun Bangsa is a P2P lending platform facilitating agricultural financing, connecting farmers with investors to enhance access to funding and streamline the borrowing process.Founded in 2015, PT Crowde Membangun Bangsa operates out of Jakarta, Indonesia, providing a platform that links farmers with potential investors. The company has raised a total of USD 8.93 mn through 5 deals, with the latest funding round being a SERIES B in October 2021, led by Monk's Hill Ventures and includes participation from Mandiri Capital Indonesia and PT Great Giant Pineapple. The CEO and founder, Yohanes Sugihtononugroho, has been instrumental in driving the company's vision and operations.CROWDE offers a P2P lending platform specifically designed to facilitate agricultural financing for farmers. By providing access to funding of up to Rp100 million, the company aims to streamline the borrowing process, making it accessible anytime and anywhere. The platform connects farmers with potential investors, allowing for the efficient circulation of loans that yield optimal returns. In addition to financial support, CROWDE assists farmers by supplying agricultural raw materials and linking them with prospective buyers, thus creating a comprehensive ecosystem for agricultural stakeholders. The primary customer base includes farmers seeking funding and investors looking to support agricultural projects, predominantly within Indonesia.CROWDE generates revenue through its P2P lending service framework, which operates on a fee structure associated with the facilitated loans. When a farmer applies for funding, they fill out a project proposal that, upon approval, is presented to investors for potential funding. The company charges a service fee based on the amount borrowed or a percentage of the returns generated from the investments made in agricultural projects. Farmers return the loans according to a pre-agreed schedule, which can include payments made in the form of agricultural produce. This transactional model underscores CROWDE's commitment to supporting the agricultural sector while fostering an investment platform that benefits both farmers and investors.In October 2021, PT Crowde Membangun Bangsa raised USD 8.93 mn in SERIES B funding, which will be utilized to develop new products and expand operations. Plans include launching enhanced features on their platform aimed at improving user experience and accessing a broader market. The company is also targeting geographic expansion beyond Indonesia to other Southeast Asian markets by 2023, aiming to replicate their successful model of connecting investors with agricultural projects.

## Funding rounds

- Series B, Oct 15, 2021, $8.9M — Monk's Hill Ventures, Mandiri Capital Indonesia, PT Great Giant Pineapple
- Series A, Jul 1, 2020, $1M — STRIVE, Monk's Hill Ventures, Mandiri Capital Indonesia, Crevisse Partners
- Seed, Oct 15, 2018, $1M — STRIVE, Crevisse Ventures

## Investors

- STRIVE (https://capitalatlas.ai/funds/strive) — Seed, Series A
- Crevisse Ventures — Seed
- Monk's Hill Ventures (https://capitalatlas.ai/funds/monk-s-hill-ventures) — Series A, Series B
- Mandiri Capital Indonesia (https://capitalatlas.ai/funds/mandiri-capital-indonesia) — Series A, Series B
- Crevisse Partners (https://capitalatlas.ai/funds/crevisse-partners) — Series A
- PT Great Giant Pineapple — Series B