Here’s UangCermat! They’re an Indonesian fintech that provides payroll-linked loans for blue-collar workers. 

• Now, they’ve just raised $26.4M in a mix of equity and credit facilities.

Investor check. Cocoon Capital, NP Consulting, and IFP Securities co-led the round’s $6.4M Series A equity round.

• Meanwhile, SixPoint Capital Management provided a $20M structured credit facility. 

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💲 The ABCs of UangCermat

Combining digital workflows with offline distribution, UangCermat offers savings, loans, and investment services to the underbanked and unbanked. 

• They also offer fintech as a service infrastructure to banks and other microfinance players who do not have robust tech stacks.

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🧾 What’s with the $$$?

The fresh capital will be used to support the expansion of their payroll-linked loan portfolio. 

• The equity capital will be used to reinforce long-term stability, while the credit facility will be used to scale the loan book.