Batumbu
Financials
Estimates*
USD | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|
Revenues | 1.4m | 2.8m | 4.2m | 8.8m |
% growth | - | 101 % | 50 % | 109 % |
Date | Investors | Amount | Round |
---|---|---|---|
$15.2m | Early VC | ||
Total Funding | €13.8m |
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Recent News about Batumbu
EditBatumbu is a peer-to-peer lending platform focused on supporting Indonesian Micro, Small, and Medium Enterprises (MSMEs). The platform connects MSMEs seeking financing with individual and institutional funders looking to invest in these businesses. Operating in the financial technology sector, Batumbu aims to simplify the lending process by offering fast approvals and minimal requirements, making it easier for MSMEs to access the capital they need for growth. The company generates revenue through interest rates on loans and service fees from both borrowers and lenders. Batumbu's business model is designed to mitigate risks through comprehensive creditworthiness analysis and adherence to ISO 27001 information security standards. The platform serves a diverse range of clients, including small business owners and investors, and operates primarily within the Indonesian market.
Keywords: peer-to-peer lending, MSMEs, Indonesian market, financial technology, fast approvals, low-interest loans, secure funding, creditworthiness analysis, ISO 27001, investment opportunities.