Dentons US LLP
06/04/2021 | Press release | Distributed by Public on 06/04/2021 08:24
Dentons HPRP Assisted Accial Capital Management LLC in providing debt funding to Investree
June 4, 2021
Dentons HPRP successfully assisted Accial Capital Management LLC, a US based tech-enabled investor, in providing debt funding to Investree, a well grown successful fintech startup which focuses on serving small and medium scale businesses. Delivered in 2 stages, the debt facility has a value of US$12 million.
Investree was Accial's first investment in Indonesia back in 2017 and the fintech startup has made impressive progress. Investree intends to use the funds to support its effort to resolve loan inequalities among MSMEs in Indonesia.
Accial Capital is an impact-focused, tech-enabled investor in small business and consumer loans. The company has been providing debt funding to successful and potential fintech startups focusing on small businesses in Latin America and SE Asia. As there is a large number of small and medium scale businesses in Indonesia which have not been touched by banks, Accial's actions will have a significant impact.
A Dentons HPRP team led by Erwin Kurnia Winenda (Partner), supported by Ratna Ayu Sabrina Stamboel (Senior Associate) and Natasya Nurul Amalia (Asssociate), assisted Accial in providing debt funding to several potential and successful fintech startups in Indonesia, namely Pintek, an Indonesian successful fintech lending platform for education; and AwanTunai, a successful fintech startup focusing on providing supply chain financing to micro-merchants in Indonesia.
Dentons HPRP has been successfully assisting fintech and other venture technology companies in the technology sector, in a wide range of legal areas. For more details on our services, please contact the partner listed under the key contact.
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