Two Indonesian startups have confirmed raising a funding round earlier this year. P2P lending startup Akseleran said it raised a pre-Series A funding round of $1.85 million, while adtech startup Pomona said it secured an undisclosed Series A funding round.
P2P lending startup Akseleran raises $1.85 pre-Series A funding
Peer-to-peer lending startup Akseleran has confirmed raising a $1.85-million pre-Series A funding round backed by a New York-based family office, the parent company of PT Bintraco Dharma Tbk and several angel investors.
According to a press release, the startup plans to use the fresh funding for expansion by recruiting representatives in a number of cities in Java such as Yogyakarta, Solo, Surabaya and Semarang. It also plans to step up its marketing campaigns through various advertisements.
The startup recently launched a mobile application called Auto-Invest through which lenders can determine loan criteria such as duration of loan and interest rates to cut down the time and hassle of selecting loan proposals from borrowers.
Over the last nine months, the startup claims to have disbursed over Rp 75 billion to SMEs from over 17,000 retail lenders as of July 2018.
According to Akseleran co-founder and CEO Ivan Tambunan, the company is targeting total disbursements of Rp200 billion by the end of 2018 and is also eyeing a Series A raise at the end of the year.
Adtech company Pomona secures Series A financing
Indonesian adtech startup Pomona raised an undisclosed Series A funding round in early 2018 from an unnamed investor.
The startup revealed the funding at a press conference in Jakarta on Thursday as it announced its pivot to a focus on the fast-moving consumer goods (FMCG) sector.
Launched in 2016, Pomona began as an O2O marketing solution using gamification to drive customers to offline retail and increase transactions. It offers customers reward points for shopping at a particular retail store using a QR code-based mobile app.
The pivot, which comes a year after the startup raised a seed funding round in 2017, will see Pomona offer sales conversion tools to help FMCG players receive sales data for their sales and marketing initiatives.
The startup said it plans to use the funding to develop its technology, hire talent and acquire new customers.