AwanTunai

lendingonline loans

FOUNDING YEAR: 2017
LOCATION: Indonesia
Last Update: 01/05/2020

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About

Digital lending platform providing point of sale consumer financing at offline / in-store merchants. Our loans target the Indonesian mass market in partnership with data partners (major telcos, Indonesian financial institutions), while our loan asset documentation are already compliant with Indonesian banking standards. Our vision is to digitize the Indonesian economy.

MEDICI Analysis

AwanTunai offers mobile-based consumer credit to consumers and enables micro-retail merchants to accept payments from consumer financing system.

Focus

PRODUCTS & SERVICES

Workplaced based loans, Consumer loans as a service (customer financing), point-of-sale consumer financing.

REVENUE MODEL

5% loan origination fee

PRIMARY PROBLEM SOLVED

Collection and analysis of alternative data for underwriting the Indonesian mass market. Providing affordable financing for unbanked Indonesian market.

INTELLECTUAL PROPERTY

Patent(s) NOT_FILED

Traction

ACTIVE USERS:

5000

ACTIVE USERS COMMENT:

Achieved ~1,000 loans a week @ 45% approval rate on first channel pilot. Second pilot is to provide co-branded loan to 2 million pre-screened customers of a major telco. Third pilot is to provide point of sale financing for a major FMCG conglomerate.

People

FOUNDERS

Rama Notowidigdo

Windy Natriavi

NUMBER OF EMPLOYEES

11-50

INVESTORS:

AMTD Group

Fenox Venture Capital

Global Brain

Insignia Venture Partners

COMMENT:

Proven team from one of Indonesia's first unicorns.

Momentum

FUNDED

YES

TOTAL FUNDING

$4.3 M

DATE OF LAST FUNDING

Nov 2018

TOTAL FUNDING COMMENT

The company will use the latest funds to expand its merchant acceptance network, improve its engineering and data analytics capabilities and expanding its on-the-ground risk management capabilities. (Nov. 2018)

FUNDING SERIES

SERIES A  · $4.3 M  · Nov 2018

LISTED

NO

For Investors

USES OF FUNDS RAISED:

1. Date engineering / credit analytics infrastructure

2. Engineering team expansion

MONTHS LEFT WITH CURRENT CASH BURN RATE:

18 months from 31 Aug, 2017

COMPETITORS:

Kredivo

Taralite

BASICS

FOUNDING YEAR:

2017

LOCATION:

Indonesia

Views:

83 VISITORS | 144 VIEWS
LATEST FUNDING ROUND

$4.3 M

About

Digital lending platform providing point of sale consumer financing at offline / in-store merchants. Our loans target the Indonesian mass market in partnership with data partners (major telcos, Indonesian financial institutions), while our loan asset documentation are already compliant with Indonesian banking standards. Our vision is to digitize the Indonesian economy.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

MEDICI Analysis

AwanTunai offers mobile-based consumer credit to consumers and enables micro-retail merchants to accept payments from consumer financing system.

Focus+
Momentum+
Traction+
People+
For Investors+
Other+

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AwanTunai

About

Digital lending platform providing point of sale consumer financing at offline / in-store merchants. Our loans target the Indonesian mass market in partnership with data partners (major telcos, Indonesian financial institutions), while our loan asset documentation are already compliant with Indonesian banking standards. Our vision is to digitize the Indonesian economy.

Focus

PRODUCTS & SERVICES

Workplaced based loans, Consumer loans as a service (customer financing), point-of-sale consumer financing.

REVENUE MODEL

5% loan origination fee

TOP PROBLEM SOLVED

Collection and analysis of alternative data for underwriting the Indonesian mass market. Providing affordable financing for unbanked Indonesian market.

PRODUCT DEVELOPMENT STAGE

MARKET TRIAL

PRODUCT DEVELOPMENT COMMENT

Fully automated loan origination and decisioning system producing bank compliant assets. Integrated into network of 4,500 collection agents.

KEY DIFFERENTIATORS

Institutional / strategic relationships in lending capital, loan operations, distribution - while still being independent (ie. not controlled by a corporate).

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

Enterprise - Retailers

Enterprise - Others

Consumer

PRODUCT ATTRIBUTES

SaaS

White label

Customer facing

People

FOUNDERS

Rama Notowidigdo

Windy Natriavi

NUMBER OF EMPLOYEES

11-50

KEY EMPLOYEES:

CEO: Dino Setiawan

CTO, FOUNDER: Rama Notowidigdo

FOUNDER: Windy Natriavi

TEAM COMMENT:

Proven team from one of Indonesia's first unicorns.

INVESTORS:

AMTD Group

Fenox Venture Capital

Global Brain

Insignia Venture Partners

Momentum

FUNDED

NO

TOTAL FUNDING:

$2 M

LISTED

NO

FUNDING SERIES
Seed Sep 2017 --- USD2 M at a USD6 Mvaluation Comment on Seed We are not disclosing clients, investors, etc. until formal launch announcement in Oct/Nov 2017.

Comment on Valuation

Pre-money