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§ Private Profile · Surabaya, Jawa Timur, Indonesia
Indonesian fintech platform and authorized funding agent digitizing rural banking for SMEs and depositors, offering government-guaranteed deposits.
Komunal is an Indonesian fintech platform based in Surabaya, East Java, that digitizes rural banking by connecting small and medium-sized enterprises and individual depositors with rural banks across tier 2 and tier 3 cities. Through its DepositoBPR app, the company facilitates access to government-guaranteed deposits with higher interest rates at over 220 partner banks. In 2022, Komunal channeled approximately $230 million USD in deposits and loans, a 350% year-over-year increase, and expects transaction volume to exceed $500 million USD in 2023. The platform raised $8.5 million in Series B funding led by East Ventures, with participation from AlphaTrio Sustainable Technology Fund, Skystar Capital, and Gobi Partners. Dr. Peter Jacobs, former executive director of Bank Indonesia, serves as a commissioner. Founded in 2019 by Hendry Lieviant, Rico Tedyono, and Kendrick Winoto.
Komunal has raised $14.0M across 2 funding rounds.
Komunal has raised $14.0M in total across 2 funding rounds.
Komunal has raised $14.0M in total across 2 funding rounds.
Komunal's investors include Alan Tang, Gobi Partners, JAFCO Asia, Skystar Capital, Sovereign Capital, East Ventures, AlphaTrio, Ozora, Sovereign's Capital.
Komunal has raised $14.0M across 2 funding rounds. Most recently, it raised $5.5M Series A in January 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 11, 2024 | $5.5M Series A | Alan Tang | Gobi Partners, JAFCO Asia, Skystar Capital, Sovereign Capital | Announced |
| Jan 17, 2023 | $8.5M Venture Round | East Ventures | Alphatrio, Gobi Partners, Ozora, Skystar Capital, Sovereign's Capital | Announced |