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Komunal Raises $8.5M To Digitize Indonesia’s Rural Banks

PRIVATEJan 17, 2023•over 3 years ago

Amount Raised

$8.5 Million

Indonesia

Investors

Gobi PartnersOzoraSovereign’s CapitalSkystar CapitalAlpha Trio Sustainable Technology FundEast Ventures Growth Fund

Description

Komunal is reaching out to Indonesia’s rural customers by going where they are. The fintech partners with more than 220 banks in tier 2 and tier 3 cities spread through 19 provinces. Founded in 2019, the startup announced today it has raised $8.5 million in funding led by East Ventures Growth Fund, with participation from AlphaTrio Sustainable Technology Fund, Skystar Capital, Sovereign’s Capital, Ozora and Gobi Partners.

Company Information

Company

Komunal

Location

Indonesia

About

Komunal is a financial technology-based company that provides peer-to-peer services in Indonesia that helps create relationships between potential MSMEs and funders to support economic growth in Indonesia.

Predictive Intelligence
Strategic

ML-powered predictions for Komunal's next move

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies.

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