Indonesian P2P lender Amartha raises $7.5m from Norway wealth fund

Indonesian peer-to-peer (P2P) lender Amartha that focuses on empowering women micro-entrepreneurs in rural areas has raised $7.5 million in funding from Norwegian sovereign wealth fund Norfund, its founder and CEO Andi Taufan Garuda Putra told DealStreetAsia.

The corpus raised will be distributed as a working capital loan to women micro-entrepreneurs in rural areas as the fintech firm gears up to promote environmentally sustainable business practices, thereby minimizing the use of plastic, and enhance the adoption of renewable energy such as affordable solar panels.

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