Indonesian fintech startup Mapan raises $15 million in Series A round

Indonesian fintech startup Mapan raises $15 million in Series A round
Photo by Jonas Leupe / Unsplash

Mapan, an Indonesia-based startup expanding access to financial services in the country has raised $15 million in its Series A funding round co-led by Patamar Capital and PT Astra Digital Internasional.

  • The fund will be used to expand its business operations and reach in Indonesia, the startup claims.
  • Founded in 2009, Mapan offers financial services that cut across Mapan Arisan focusing on increasing the purchasing power for people on goods like electronics, furniture, and cookware, Mapan Pulsa for bill payment application, and Mapan Mart, a platform for consumer goods resale.
  • BRI Ventures, SMDV, Blibli, Prasetia Dwidharma, Flourish Ventures, and 500 Global invested in the round.