KoinWorks raised $18.94M in a Series D funding round led by Saison Capital and $108M in a Series C round led by MDI Ventures for its P2P lending business.
Apr 11, 2024•over 1 year ago
Amount Raised
$108 Million
Round Type
series d
Investors
Accion InternationalAlternate VenturesMdi VenturesSaison Capital
Description
KoinWorks raised $18.94M in a Series D funding round led by Saison Capital and $108M in a Series C round led by MDI Ventures. The company also acquired rural bank BPR Asri Cikupa and rebranded it to KoinWorks Bank to support its business and expand its financing coverage.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech