Paynhire

Business Development Specialist

Updated: March 27, 2024 11:59 PM GMT


Komunal Indonesia

Komunal Indonesia

Surabaya, East Java

Company Description

Komunal Indonesia is a fintech company whose mission is to accelerate financial inclusion through digitizing rural banks by combining funding access and hyperlocal lending to support economic growth in Indonesia. Through KomunalP2P, the company has disbursed $250 million in loans to over 1,300 micro, small and medium enterprises (MSME) projects throughout Indonesia.

Additionally, DepositoBPR by Komunal has also channeled $350 million in deposit funds to 400 rural banks across the nation.

Komunal provides financial services to the underbanked population through its unique partnership with the rural banks in Indonesia. Partnering with 400 rural banks across Indonesia, KOMUNAL channels productive loans to MSMEs predominantly based in Indonesia’s tier 2 and 3 cities.

Through its digital-based DepositoBPR by Komunal offering, Indonesians can now seamlessly deposit funds in hundreds of rural banks, eliminating the conventional need for face-to-face processes.

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