Komunal
The Pioneer of Neo-Rural Bank in Indonesia
Surabaya, Indonesia · Founded 2019 · $16.8M raised
- Headquarters
- Surabaya
- Employees
- 51–200
- Founded
- 2019
- Business Model
- Marketplace
- Website
- komunalgroup.com
- Total Funding
- $16.8M
- Last Round
- $5.5M Series AJan 2024
- Rounds
- 5
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
About
Komunal is an Indonesian fintech company pioneering the digitalization of rural banks (BPR) to drive financial inclusion across the country. The platform operates two products: a peer-to-peer lending marketplace connecting SME borrowers with individual lenders, and DepositoBPR, the first digital marketplace for rural bank deposit products. Founded in 2019 and headquartered in Surabaya, Komunal now partners with 376+ rural banks across 24 provinces, serving over 11,000 rural MSMEs.
Summary
Komunal is a Fintech company based in Surabaya, Indonesia, founded in 2019. It has raised $16.8M in total across 5 rounds, most recently a $5.5M Series A round in Jan 2024. Investors include Sumitomo, EV Growth and East Ventures.
Funding History
Jan 2024
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Funding: Seed through Series A. Amounts, valuations, and investors where available.
Investors
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