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FinTech news in MDI Ventures category

Indonesia-based FinTech KoinWorks raised Series C round of $108M led by MDI Ventures

KoinWorks was originally created to help SMEs, which are often turned away by traditional financial institutions, get access to working capital. Over the last three years, Indonesian fintechs focused on SMEs have grown to include other neobanks and startups that started out as accounting software but are expanding to include working capital loans and other financial services.