Komunal is a fintech service provider with two business lines, DepositoBPR by Komunal and Komunal P2P Lending. DepositoBPR by Komunal aims to help Indonesian residents digitally deposit at rural banks in the country at government-guaranteed deposit rates without having to physically visit the bank. Komunal P2P Lending is a P2P lending platform dedicated to connecting local small, medium and micro enterprises with loan needs with lenders who can provide corresponding loans. Komunal recently announced that it has raised $8.5 million in financing. It is reported that the financing was led by East Ventures, with participation from Gobi Partners, Skystar Capital, Sovereign’s Capital and other institutions.
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