Indonesia's AwanTunai bags up to $20m debt facility led by Accial Capital

Indonesian currency Rupiah on hold by a cashier. Photo: Reuters

AwanTunai, a Jakarta-based peer-to-peer (P2P) lending startup, has raised up to $20 million in a debt facility led by investor Accial Capital, it said in a statement on Monday.

The startup provides point-of-sale financing services and mobile-based consumer credit to micro-merchants, or warung grocery stores, by using merchant transaction data as an indicator of credit performance.

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