KoinWorks bags additional $20m investment from Triodos Bank, existing backers

Jakarta-based SME-focused lending startup KoinWorks on Monday announced that it has secured an additional $20 million from Triodos Bank, Quona Capital, EV Growth, and Saison Capital, the company said in a statement.

The additional capital comprises fresh debt from Dutch Triodos Bank which will be allocated to underwrite loans via its platform and also equity from its existing backers, Quona Capital, EV Growth, and Saison Capital.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter