Amid Covid-19, Indonesian P2P lender KoinWorks raises $20m in convertible note funding
- Indonesia
- 2 min read
- Apr 13, 2020
- By Putu Agung Wija Putera
Illustration of the KoinWorks app. ©KoinWorks
Backed by Quona Capital, EV Growth and other investors, KoinWorks plans to disburse more loans amid greater uncertainty and default risk
Netherlands-based Triodos Bank also participated, extending credit facilities that Koinworks will use to underwrite new loans.
Announcing the news, Willy Arifin, Executive Chairman and co-founder of KoinWorks, said in a press release dated April 13: “As an institution with the protection of our lenders’ capital at our core, being well capitalized is always a top...
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