BDA Partners, a global investment banking advisor, recently facilitated a successful funding round for Amartha, an Indonesian microfinance technology company. The investment, led by Accion Digital Transformation Fund, Maj Invest, and Women’s World Banking, aims to support Amartha’s mission of providing financial products and services to underserved women-led small businesses in rural Indonesia through the use of data and AI.
Amartha has developed a digital financial infrastructure that connects microbusinesses in Tier 2 and 3 cities across Indonesia. They offer personalized financial solutions, payment services, and a proprietary credit scoring system, making them a leading microfinance technology provider in the country. To date, Amartha has disbursed over US$1.6 billion to over 2.5 million women-led businesses in rural areas.
Managed by Accion Impact Management, the Accion Digital Transformation Fund focuses on supporting companies serving micro, small, and medium enterprises (MSMEs) across South and SE Asia, LATAM, and Africa. Njord Andrewes, Managing Partner of Accion Transformation Capital, believes that Amartha is well-positioned to connect women-led small businesses in Indonesia to financial services and technologies.
Rica Wirianata, Partner at BDA Partners, expressed excitement about supporting high-quality companies like Amartha in the Indonesian economy. She highlighted the impact of the fundraise on the Southeast Asian FinTech space and the broader financial services sector in the region.
Amartha has evolved from a microfinance institution in 2010 to a leading digital financial service provider in Indonesia. They focus on providing affordable and flexible working capital loans to underserved communities, playing a crucial role in supporting the grassroots economy. With a strong track record of disbursing working capital to millions of women-led enterprises, Amartha continues to grow its impact reach.
Accion, a global non-profit organization, is dedicated to creating a fair and inclusive economy for the two billion people underserved by the financial system. By developing responsible digital financial solutions, Accion aims to empower small business owners, farmers, and women to make informed decisions and improve their lives. With over 230 financial service providers in 75 countries, Accion has reached more than 350 million people since 1961.
Overall, the partnership between Amartha, Accion, and BDA Partners exemplifies the growing interest in impact investing and financial inclusion in Southeast Asia. The successful funding round for Amartha underscores the region’s potential for high-growth, profitable companies backed by strategic investors. Congratulations to Amartha and Accion on this significant partnership.
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