KoinWorks raised debt and equity funding worth of US$20 million from investors such as Quona Capital, EV Growth, Saison Capital, One of the new credit facilities is provided by an international institution, a global lender from Netherlands Triodos Bank, and other investors.
Last year, the provider obtained Series B and Series B2 funding worth of S$18.5 million (US$13.03 million) from Japan venture capital, Saison Capital. The company become the first portfolio of unit Credit Saison in Indonesia.
Earlier, the Peer to Peer (P2P) company has raised Series B funds worth of $16.5million from EV Growth, Quona Capital, with participation from existing investors. In 2018, the firm had raised a Series A from investors PT Mandiri Capital Indonesia, Convergence Ventures, PT Gunung Sewu, Beeblebrox and also Quona Capital.