Debt financing takes flight in Asia as COVID-19 pounds startup valuations

Two recently-concluded transactions suggest that debt deals may be seeing a pickup among Southeast Asian startups.

In the first week of October, Indonesian peer-to-peer (P2P) lender Investree raised around $30 million in debt from undisclosed investors, the company confirmed to DealStreetAsia. Adrian Gunadi, the company’s CEO and co-founder, said the firm also expected to raise $35 million in equity funding.

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