Indonesia’s KoinWorks raises $12 million to grow its P2P SME lending platform

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KoinWorks, an Indonesian startup that helps small and medium-sized businesses secure financial services through its online peer-to-peer platform, has raised $ 16.5 million SGD ($ 12 million USD) in a new funding round as money continues to flow in what has become a hot space for investors.

The Series B round for the three-year-old startup was led by EV Growth and Quona Capital . Existing investors — Mandiri Capital Indonesia, Convergence Ventures, Apps – TechCrunch

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