# PT Lunaria Annua Teknologi

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pt-lunaria-annua-teknologi

- Industry: Financial Services
- Headquarters: South Jakarta, Indonesia
- Website: www.koinworks.com
- Total disclosed funding: $65M
- Latest round: Series C (Feb 4, 2022)
- Investors on record: 13

## About

PT Lunaria Annua Teknologi, operating as KoinWorks, is a fintech company that provides a peer-to-peer lending platform designed to meet the financial needs of SMEs and individuals in Indonesia.Founded in 2015 and headquartered in South Jakarta, Indonesia, PT Lunaria Annua Teknologi, known as KoinWorks, specializes in peer-to-peer lending. The company has conducted a total of 9 deals, with its latest deal occurring on February 4, 2022. KoinWorks raised USD 65 mn in a VENTURE DEBT round, which contributed to a total amount raised of USD 46.1 mn. The founder, Willy Arifin, has previous entrepreneurial experience.KoinWorks operates a peer-to-peer lending platform that addresses the financial needs of small and medium-sized enterprises (SMEs) and individual borrowers in Indonesia. Their offerings include personal and business loans, as well as investment opportunities that link borrowers with lenders. The platform streamlines loan applications and approvals by leveraging technology to assess creditworthiness, targeting a diverse customer base that includes entrepreneurs and retail investors.KoinWorks generates revenue from interest payments on loans provided through its platform and fees associated with loan origination and management services. The company operates a B2B and B2C model, facilitating funding for SMEs and individual borrowers while allowing investors to earn returns. Revenue is derived primarily from borrowers paying interest on loans, with KoinWorks collecting a percentage as a service fee.On February 4, 2022, PT Lunaria Annua Teknologi raised USD 65 mn in VENTURE DEBT funding as part of a larger USD 108 mn Series C and debt financing round. The funding will be utilized to hire approximately 400 new employees and scale their latest product offering, the SME Neobank. Additionally, the company has plans to expand its market presence within Southeast Asia, focusing on enhancing their services to meet the growing financial needs of underserved segments.

## Funding rounds

- Series C, Feb 4, 2022, $46M — East Ventures, Convergence Ventures, Quona Capital, MDI Ventures, Triodos Investment Management, Saison Capital, AC Ventures
- Series B, Nov 4, 2019, $1.5M — Saison Ventures
- Series B, Sep 23, 2019, $13M — East Ventures, Gunung Sewu Group, Convergence Ventures, Quona Capital, Mandiri Capital Indonesia, Saison Capital, Beeblebrox
- Series A, Nov 28, 2018, $1M — Quona Capital, Beeblebrox
- Series A, Aug 7, 2018, $3.2M — Gunung Sewu Group, Convergence Ventures, Mandiri Capital Indonesia, PT KENCANA INVESTASI INDONESIA, Regal Venture Capital

## Investors

- Gunung Sewu Group — Series A, Series B
- Convergence Ventures — Series A, Series B, Series C
- Mandiri Capital Indonesia (https://capitalatlas.ai/funds/mandiri-capital-indonesia) — Series A, Series B
- PT KENCANA INVESTASI INDONESIA — Series A
- Regal Venture Capital — Series A
- Quona Capital (https://capitalatlas.ai/funds/quona-capital) — Series A, Series B, Series C
- Beeblebrox — Series A, Series B
- East Ventures (https://capitalatlas.ai/funds/east-ventures) — Series B, Series C
- Saison Capital (https://capitalatlas.ai/funds/saison-capital) — Series B, Series C
- Saison Ventures (https://capitalatlas.ai/funds/saison-ventures) — Series B
- MDI Ventures (https://capitalatlas.ai/funds/mdi-ventures) — Series C
- Triodos Investment Management (https://capitalatlas.ai/funds/triodos-investment-management) — Series C
- AC Ventures — Series C