Batumbu

Batumbu

An online platform that provides reliable information technology-based lending and borrowing services to support businesses. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
CAD83—124m (Dealroom.co estimates Apr 2019.)
Jakarta Indonesia (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
USD2020202120222023
Revenues1.4m2.8m4.2m8.8m
% growth-101 %50 %109 %
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DateInvestorsAmountRound

$15.2m

Early VC
Total FundingCAD20.7m

Recent News about Batumbu

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More about Batumbuinfo icon
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Batumbu 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.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.