Mapan Raises US$15M in Series A Funding

Mapan, an Indonesia-based startup occupied with getting rid of obstacles to monetary get right of entry to for the hundreds within the nation, raised US$15 m in Collection A investment.

The spherical used to be co-led via Patamar Capital and PT Astra Virtual Internasional, a subsidiary of PT Astra Global Tbk (Astra), with participation from Indonesian giants BRI Ventures, SMDV, Blibli, Prasetia Dwidharma, and world project capital corporations Flourish Ventures and 500 International.

The corporate intends to make use of the budget to make bigger operations and its trade achieve.

Established in 2009 via Aldi Haryopratomo, and led via newly appointed CEO Ardelia Apti, Mapan (PT Ruma) supplies greater than 3 million contributors with the Mapan Arisan, Mapan Pulsa, and Mapan Mart products and services. Thru using Mapan’s Arisan product, lower-income teams can building up their purchasing energy to buy family items akin to cookware, electronics, and furnishings. The company additionally lately supplies different services akin to expenses cost software, Mapan Pulsa, and shopper items resale platform, Mapan Mart.

Mapan lately operates in Java, Bali, Sumatera, Nusa Tenggara, and Sulawesi, and plans to make bigger its operations throughout the remainder of Indonesia.

FinSMEs

29/06/2022

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