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///LATE STAGE • Sociolla • US$ 250M • Commerce///POLICY • Gold Export Duties: Progressive Reference-Price Ladder Kicks In///SERIES A • Hangry • US$ 10.5M • F&B///POLICY • Coal Export Tax 2026: Indonesia Signals a New Resource-Rent Phase///SERIES B • Honest • Undisclosed • Fintech///POLICY • Export FX Repatriation: Proceeds Routed Through State Banks From 2026///SEED • Arummi Foods • US$ 2M • F&B///POLICY • OJK POJK 4/2025: Financial Aggregators Move Into a Licensing Regime///PRE-SEED • IDRX • US$ 300k • Web3///POLICY • Finfluencer Rules: OJK Tightens Conduct Around Securities Marketing///SERIES C • Yup • US$ 32M • Fintech///POLICY • Dormant Accounts: New Standardization Changes Bank Data and Ops///LATE STAGE • Sociolla • US$ 250M • Commerce///POLICY • Gold Export Duties: Progressive Reference-Price Ladder Kicks In///SERIES A • Hangry • US$ 10.5M • F&B///POLICY • Coal Export Tax 2026: Indonesia Signals a New Resource-Rent Phase///SERIES B • Honest • Undisclosed • Fintech///POLICY • Export FX Repatriation: Proceeds Routed Through State Banks From 2026///SEED • Arummi Foods • US$ 2M • F&B///POLICY • OJK POJK 4/2025: Financial Aggregators Move Into a Licensing Regime///PRE-SEED • IDRX • US$ 300k • Web3///POLICY • Finfluencer Rules: OJK Tightens Conduct Around Securities Marketing///SERIES C • Yup • US$ 32M • Fintech///POLICY • Dormant Accounts: New Standardization Changes Bank Data and Ops
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Amartha
Late Stage

Jakarta| Est. 2010

Uses Grameen-style group lending model digitized for scale. Extremely low NPL rates due to social collateral. Revenue from interest spread.

Total FundingUS$ 55M+
ValuationCentaur-level

Investment Thesis

"Rural banking is broken. Amartha's algorithm and field officers bridge gap to credit-worthy micro-entrepreneurs."

Recent Signals

  • 01Secured massive debt facilities.
  • 02Expanding beyond Java.
  • 03Focus on ESG and impact metrics.
  • 0499% women borrowers.

Key People

  • A
    Andi Taufan Garuda Putra

Cap Table

MDI Ventures Women's World BankingNorFundIFC

Verified Funding History

RoundDateAmountParticipating Investors
DebtJun 2025US$ 55MSwedfund, Finnfund, BIO
Series C ExtensionJun 2024US$ 17.5MAccion (lead), Maj Invest, Women's World Banking
DebtJun 2023US$ 100MCommunity Investment Management (CIM)
GrowthMay 2021US$ 28MWomen's World Banking, MDI Ventures, UOB Venture
Series DMay 2021US$ 28MWomen's World Banking, MDI Ventures, Mandiri Capital, UOB Venture Management
Series BNov 2019US$ 18MLINE Ventures (lead), Bamboo Capital Partners, UOB Venture Management

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