Quona Capital backs P2P lender KoinWorks in first Indonesia investment

Venture capital firm Quona Capital has invested in Indonesian peer-to-peer lending platform KoinWorks through its $141-million Accion Frontier Inclusion Fund, according to an official release.

The deal marks Quona Capital’s first investment in Indonesia. The financial terms of the transaction were not disclosed.

KoinWorks connects borrowers to lenders on its online platform to provide an underserved market segment with access to credit.

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