Komunal is a peer-to-peer lending platform that connects small and medium enterprises (SMEs) in Indonesia with individual lenders, facilitating quick and secure loan transactions. The platform addresses the challenge of limited access to financing for SMEs by offering competitive interest rates and a streamlined application process, supported by robust credit scoring mechanisms.
Funding
$5.5M 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.
SFounders
Product
Problem
Small and medium-sized enterprises (SMEs) in Indonesia face challenges in accessing financing due to stringent requirements and limited reach of traditional financial institutions. This lack of funding hinders their growth potential and overall contribution to the Indonesian economy.
Solution
Komunal is a peer-to-peer (P2P) lending platform that directly connects Indonesian SMEs seeking capital with individual lenders looking for investment opportunities. The platform streamlines the loan application process and employs credit scoring mechanisms to assess risk, offering SMEs access to competitive interest rates. Lenders can diversify their portfolios by funding various projects with different tenors and interest rates, while also contributing to the growth of local businesses. Komunal is licensed and supervised by the Otoritas Jasa Keuangan (OJK), ensuring secure and transparent transactions for both borrowers and lenders.
Target Audience
Komunal targets Indonesian SMEs seeking access to capital for business growth and individual lenders looking for alternative investment opportunities with competitive returns.
Features
- Online platform connecting SMEs with lenders for project financing and invoice financing
- Competitive interest rates for borrowers and attractive returns for lenders
- Loan funding from IDR 100,000
- Due diligence and credit scoring to assess borrower risk
- Optional funding insurance to cover up to 90% of the loan value
- Mobile application for convenient funding and investment management
- Licensed and supervised by OJK, with ISO 27001 certification for financial aggregator services