AwanTunai

AwanTunai is a leading financing solution platform in Indonesia and aims at digitizing Indonesia's vast cash economy. AwanTunai builds digital distribution to thousands of micro-retail merchants who can then access working capital as well as accept payment from AwanTunai consumer credit. The financially inclusive startup also issues mobile-based consumer credit, serving the 100 million Indonesians who are unable to access banking products. This way, AwanTunai provides a holistic financing solution for micro-merchants, which includes working capital for grocery stores, motorcycle repair garages, electronic retailers, pharmacies, and other micro merchants catering to everyday household needs as well as consumer financing for these merchant's customers to help increase retail sales. As a platform, AwanTunai offers Indonesian banks and multi-finance companies the ability to reach customers not covered by their branch networks. Loan origination costs are low through automated digital processes, which reduce the costs of accessing the previously underserved mass market.