AwanTunai offers a digital platform that provides micro-retail merchants with access to loans and working capital through data analytics for credit assessment. This service addresses the limited financing options available to small businesses, enabling them to maintain inventory and manage cash flow effectively.
Funding
$177.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
ACFounders
Product
Problem
Micro, small, and medium-sized enterprises (MSMEs) in Indonesia, particularly those involved in the distribution of staple foods and consumer goods, often face limited access to working capital, hindering their ability to maintain adequate inventory and manage cash flow effectively. Traditional financing options are often inaccessible or unsuitable for these businesses due to stringent requirements and lengthy approval processes.
Solution
AwanTunai provides an integrated digital platform that facilitates access to working capital for Indonesian MSMEs operating within the food and consumer goods distribution ecosystem. Through partnerships with AwanToko, AwanTunai offers financing solutions that are integrated with AwanToko's ERP and mobile applications. The AwanToko Pro ERP system aids in digitizing the operations of traditional suppliers, while the AwanToko mobile application supports the digitization of small retail stores and kiosks. AwanTunai offers two primary financing products: Supplier Financing, which provides capital to distributors and wholesalers, and AwanTempo, which enables smaller retailers to purchase inventory on credit.
Target Audience
AwanTunai primarily targets MSMEs in Indonesia, including distributors, wholesalers, and small retail stores (warungs) involved in the distribution of staple foods and consumer goods.
Features
- Supplier Financing: Offers wholesalers and distributors access to working capital with flexible limits (up to Rp2 billion) and tenors (7, 14, or 30 days) at competitive administrative fees (1.75% to 1.85% per 30 days).
- AwanTempo: Provides working capital to small retailers (warungs) for purchasing inventory from partnered wholesalers, with credit limits up to Rp500 million and flexible repayment terms.
- Integration with AwanToko Pro ERP: Enables suppliers to manage and track financing provided to their retail partners.
- AwanToko Mobile App: Allows retailers to easily apply for and manage their AwanTempo financing.
- Credit Assessment: Utilizes data analytics to assess creditworthiness and streamline the loan application process.
- Digital Platform: Provides a user-friendly interface for managing financing and tracking performance.