Indonesian P2P lending startup Koinworks in talks to raise up to $5m

A mother displaying the KoinWorks app on her phone. Photo: KoinWorks' social media page

Indonesian peer-to-peer lending startup Koinworks – an online marketplace that connects borrowers and lenders and targets micro and small enterprises – is in advanced stages to raise from $2 million to $5 million from venture capital firms, according to three people aware of the development.

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