Indonesian Microfinance Fintech Company Amalta has secured $17.5 million in equity funding from Accion Digital Transformation Fund.
The investment from global non-profit Accion aims to help Amartha scale its platform, leveraging data and AI to provide a wider range of financial products and services to underserved women-owned small businesses in rural Indonesia.
Amatha has built a powerful digital financial infrastructure connecting small businesses in second and third-tier cities outside Java.
Amartha leverages its built-in lending and fundraising model to provide personalized financial solutions, payment services, and a proprietary credit scoring system to both institutional and retail investors.
To date, the company has disbursed over 25 trillion Indonesian rupiah (approximately US$ 1.6 billion) in working capital to more than 2.5 million women-owned businesses across Java, Sumatra, Nusa Tenggara, Sulawesi and Kalimantan.
The investment will also provide strategic support to enhance customer engagement, operational efficiency and product innovation through digital technologies.
The fund will focus on supporting micro, small and medium-sized enterprises (MSMEs) in South Asia, Southeast Asia, Latin America and Africa.
Njord Andrews
“We are thrilled to join forces with Amartha to partner with the NVIDIA GeForce GTX 1000 V1.0 platform,” said Njord Andrews, Managing Partner at Accion Transformation Capital and Amartha Board Member.
“We believe that through its unique business model and marketplace platform, Amarta is well positioned to connect many women-owned SMEs across Indonesia to responsible financial services for the first time.
We are partnering with Amartha to provide both strategic support and growth capital as they work to leverage digital technology to reach new customers in underserved areas.”
Ramdan Angakaradhibrata
Ramdan Angakaraddibrata, Amalta’s chief financial officer, said:
“This latest funding from the Accion Digital Transformation Fund will help strengthen our ability to harness the power of data and AI to not only meet our clients’ current needs, but also anticipate future trends and challenges.”
This approach keeps us at the forefront of fintech innovation and enables us to continually evolve to deliver cutting-edge financial solutions that empower our customers and drive sustainable growth.”
Featured Image Credit: Free Pick
