What is KoinWorks?
Founded in 2016, KoinWorks operates as a sophisticated peer-to-peer lending platform designed to democratize access to capital. The company specializes in providing business loans for SMEs and educational financing, effectively addressing the liquidity constraints faced by the Indonesian middle class. By integrating low-interest rate models with robust risk assessment technology, KoinWorks has carved out a significant market share in the regional fintech ecosystem. Its platform serves as a vital intermediary, connecting individual and institutional lenders with borrowers who are often overlooked by traditional banking institutions, thereby fostering greater financial inclusion across the archipelago.
How much funding has KoinWorks raised?
KoinWorks has raised a total of $48.7M across 3 funding rounds:
Series A
$16.5M
Series B
$12.2M
Other Financing Round
$20M
Series A (2018): $16.5M with participation from Gunung Sewu, Mandiri Capital Indonesia, and Convergence Ventures
Series B (2019): $12.2M led by Quona Capital and EV Growth
Other Financing Round (2020): $20M supported by Saison Capital, EV Growth, Quona Capital, and Triodos Bank
Key Investors in KoinWorks
Quona Capital
Quona Capital is a venture firm focused on fintech for inclusion in emerging markets, supporting companies that provide outstanding financial returns and promote breakthrough innovation.
Gunung Sewu
Gunung Sewu Group is a diversified company operating in sectors including food, insurance, and property, committed to sustainability and innovation in emerging economies.
Mandiri Capital Indonesia
Mandiri Capital Indonesia is a corporate venture capital firm that supports business growth through funding, mentoring, and access to the Mandiri Group's extensive network.
What's next for KoinWorks?
With the recent infusion of capital, KoinWorks is well-positioned to accelerate its product development and expand its footprint within the competitive Indonesian fintech sector. The strategic focus will likely shift toward enhancing its proprietary credit-scoring algorithms and diversifying its loan portfolio to include more specialized financial products. As the company matures, it faces the dual challenge of maintaining its impact-driven mission while scaling operations to meet the rising demand for digital financial services. Future growth will depend on its ability to navigate the evolving regulatory environment while maintaining the trust of its diverse investor base and borrower community.
See full KoinWorks company page
