Fintech lending startup, KoinWorks, received US$108 million (IDR 1.6 trillion) in Series C funding. The funding round was led by MDI Ventures, the corporate venture capital arm of Telkom Indonesia. Other participating investors are Quona Capital, Triodos Investment Management, Saison Capital, ACV, and East Ventures.
KoinWorks helps small and medium-sized business owners (SMEs) as well as freelancers, kickstart and grow their businesses with a variety of digital solutions and financial services. On the KoinWorks’ platform, users can access integrated enterprise applications such as accounting software, human resource management, digital cashiers, and a marketplace for SMEs. KoinWorks currently has 1.5 million users throughout Indonesia.

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