About Komunal Indonesia

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.

<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. </problem> <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. </solution> <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 </features> <target_audience> Komunal targets Indonesian SMEs seeking access to capital for business growth and individual lenders looking for alternative investment opportunities with competitive returns. </target_audience> <revenue_model> Komunal generates revenue through a 2% per annum admin fee charged to lenders on each funding, as well as potential fees from optional insurance premiums. </revenue_model>

What does Komunal Indonesia do?

When was Komunal Indonesia founded?

Komunal Indonesia was founded in 2018.

How much funding has Komunal Indonesia raised?

Komunal Indonesia has raised 5500000.

Founded

2018

Funding

5500000

Employees

255 employees

Major Investors

Sumitomo

Find Investable Startups and Competitors

Search thousands of startups using natural language

AI voice (2021+)underground pipe robots energy flexibility software

Start Searching

Komunal Indonesia

⚠️ AI-generated overview based on web search data – may contain errors, please verify information yourself! You can claim this account with your email domain to make edits.

Executive Summary

komunal.co.id 7K+

Crunchbase

Founded 2018

Funding

Estimated Funding

$5M+

Major Investors

Sumitomo

Team (250+)

No team information available.

Company Description

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.

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

Target Audience

Komunal targets Indonesian SMEs seeking access to capital for business growth and individual lenders looking for alternative investment opportunities with competitive returns.

Revenue Model

Komunal generates revenue through a 2% per annum admin fee charged to lenders on each funding, as well as potential fees from optional insurance premiums.