Komunal
Komunal is an Indonesian fintech operating the OJK-approved DepositoBPR platform and a P2P lending service, connecting urban depositors with rural banks (BPRs) and providing credit and core banking infrastructure to MSMEs across Indonesia.
- Company typePrivate
- Founded2018
- HeadquartersSurabaya, Indonesia
- Headcount101–250
- GTM typeB2B and B2C
- OfferingSoftware
What Komunal does
Komunal is an Indonesian fintech company headquartered in Surabaya that operates a digital platform focused on rural banking financial inclusion. The company's flagship product, DepositoBPR, is approved by Indonesia's Financial Services Authority (OJK) and connects urban depositors with rural banks (Bank Perkreditan Rakyat, or BPRs) across Indonesia, enabling rural banks to source deposits nationwide through electronic bank certificates. Komunal also operates a peer-to-peer lending platform (Komunal P2P) that provides funding and business loan solutions to micro, small, and medium enterprises (UMKM/MSMEs), and develops a core banking system designed to digitize operations at rural banks.
The company's business model is transaction-based, generating revenue through fees on platform-mediated deposits and loan disbursements, supplemented by sales of core banking infrastructure to BPRs. As of September 2021, Komunal had facilitated $50 million in loans to SMEs through its platform. Its customer base spans three segments: rural banks as institutional platform users, MSMEs as borrowers, and urban depositors as funders. The company has executed both organic and inorganic growth moves, including the November 2021 acquisition of PT. BPR PRIMA DADI ARTA to vertically integrate BPR operations.
Founded in 2018, Komunal has raised approximately $16.1 million across three funding rounds (Series A in September 2021, an $8.5M round in January 2023, and a $5.5M Series A+ in January 2024) from investors including East Ventures, Skystar Capital, Sumitomo Corporation Equity Asia, and JAFCO Asia. The company employs 101–250 people and targets financial inclusion in regions of Indonesia outside Java and Bali. Its leadership team includes co-founder and CEO Hendry Lieviant, co-founder and COO Rico Tedyono, co-founder and Commissioner Kendrick Winoto, and CTO Devin Marco.
Komunal firmographics
Firmographics- Name
- Komunal
- Legal name
- Komunal
- Website
- https://komunal.co.id
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Komunal is an Indonesian fintech operating the OJK-approved DepositoBPR platform and a P2P lending service, connecting urban depositors with rural banks (BPRs) and providing credit and core banking infrastructure to MSMEs across Indonesia.
- Ownership category
- akta.pro rank
Komunal industry classification
Industry- Product category
- Digital Banking / Rural Banking Technology
- NAICS
- Other Nondepository Credit Intermediation (52229), Savings Institutions and Other Depository Credit Intermediation (522180)
- SIC
- Loan Brokers (6163), Functions Related To Depository Banking, Nec (6099)
- akta.pro primary industry
- P2P Small Business / SME Marketplace Lending (FSAKAHAC)
- akta.pro secondary industry
- Embedded Deposit Accounts & Digital Wallet Infrastructure (FSAGALAE)
Keywords
Where Komunal is headquartered
LocationHeadquarters
- HQ city
- Surabaya
- HQ country
- Indonesia
- HQ region
- Asia
Markets served
Komunal business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Operations, Marketing or Sales, Personnel
Revenue model
- Platform Transaction Services: Komunal provides a platform connecting rural banks with depositors, generating revenue through transaction facilitation on deposits and potentially loan disbursement services. The platform has facilitated US$50 million in loans to SMEs.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels1 record
Komunal product offering
Product offeringCore offering
Komunal provides an OJK-approved digital banking platform (DepositoBPR) that connects urban depositors with rural banks (Bank Perkreditan Rakyat / BPRs) across Indonesia, enabling rural banks to source deposits nationwide and offering electronic bank certificates to depositors. The company also operates a peer-to-peer lending platform (Komunal P2P) providing funding and business loans to Indonesian MSMEs (UMKM), and develops core banking systems to digitize rural bank operations.
Product overview
Komunal operates as an Indonesian fintech company offering a dual-product platform focused on financial inclusion for rural banks and MSMEs. The core offerings consist of DepositoBPR, an OJK-approved platform that connects urban depositors with rural banks (BPRs) to channel deposits nationwide, and Komunal P2P, a peer-to-peer lending solution for UMKM business financing. Additionally, Komunal develops core banking systems for rural banks to digitize their operations. The platform targets financial inclusion outside Java and Bali, particularly in underserved rural areas of Indonesia.
Differentiator
Problem solved
Functional benefit
Brands
- DepositoBPR: Digital platform approved by the Financial Services Authority (OJK) to connect depositors with rural banks across Indonesia, enabling rural banks to source deposits nationwide.
Products and services
- DepositoBPR A digital platform approved by Indonesia's Financial Services Authority (OJK) that connects depositors with rural banks (Bank Perkreditan Rakyat / BPRs) across Indonesia, enabling rural banks to source deposits nationwide from urban depositors and providing depositors access to electronic bank certificates.
- Komunal P2P Peer-to-peer lending platform providing funding and business loan solutions for UMKM (micro, small, and medium enterprises) in Indonesia, facilitating digital lending between lenders and MSMEs.
- Core Banking System for Rural Banks Digital core banking system developed for rural banks (BPRs) to modernize their banking operations, enable digital transactions, and support financial inclusion initiatives outside Java and Bali.
Quantifiable outcome
- $50 million in loans disbursed to SMEs through the platform
- +1 more outcomes
Companies that use Komunal
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
Komunal technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Komunal partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Rural Banks (BPRs) Across IndonesiacoreKomunal provides technology platform and core banking systems to rural banks, enabling them to connect with urban depositors and digitize their operations. These partnerships are central to Komunal's financial inclusion mission.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Komunal competitors and assessment
Company assessmentDirect peers
- KoinWorks: KoinWorks is one of Indonesia's largest P2P lending platforms, providing business financing to MSMEs. Directly comparable to Komunal P2P as a marketplace lender targeting Indonesian small businesses, though KoinWorks operates at a broader geographic and segment scope.
- Investree: Investree is an OJK-licensed Indonesian P2P lending platform focused on SME financing. Directly comparable to Komunal P2P in business model, regulatory licensing, and target borrower segment.
- Amartha: Amartha is an Indonesian P2P lending fintech focused on micro and small enterprises in rural and underserved areas. Highly comparable to Komunal's financial inclusion focus and MSME borrower profile.
- Funding Societies (Modalku): Funding Societies operates Modalku in Indonesia as a P2P/SME lending marketplace. Comparable business model to Komunal P2P, with the added dimension of being a Southeast Asian regional player.
- Mekar (PT Mekar Investama Sejahtera): Mekar is an Indonesian P2P lending platform connecting lenders with micro and SME borrowers, including underserved segments. Comparable to Komunal's P2P business on model, geography, and borrower profile.
- Alami Sharia: Alami is an OJK-licensed Indonesian P2P platform focused on sharia-compliant SME financing. Comparable regulatory standing, business model, and target segment to Komunal P2P.
- Danamas (PT Pasar Dana Pinjaman): Danamas is an Indonesian P2P lending platform operated by Dana Pinjaman, targeting SMEs. Comparable marketplace lending model and OJK-regulated status to Komunal.
Regional players
- Tunaiku (Bank Amar Indonesia): Tunaiku is a digital lending product of Bank Amar Indonesia serving underbanked Indonesian consumers and SMEs. Comparable as an Indonesian digital lender targeting underserved segments, though structured as a bank product rather than a marketplace.
Broad incumbents
- Bank Raya Indonesia: Bank Raya is an Indonesian digital bank serving the MSME and consumer segment through app-based banking. Comparable as a digitally-enabled Indonesian lender competing for the same MSME financial inclusion opportunity, though broader in product scope.
Emerging players
- Julo: Julo is an OJK-licensed Indonesian digital lending platform focused on consumer and small business credit. Comparable as an Indonesian fintech lender with regulatory licensing, though more weighted to consumer rather than SME lending.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Komunal social profiles
Digital presenceKomunal compliance and trust
Trust signalCompliance1 record
Komunal financial estimates
Financial estimateRevenue estimate
Valuation estimate
Komunal leadership team
Management profileNumber of profiles
Profiles4 records
Komunal funding detail
Funding detailFunding overview
Funding rounds4 records
Investors8 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Komunal M&A and investment
M&A and investmentM&A1 record
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Komunal
What does Komunal do?
Komunal provides an OJK-approved digital banking platform (DepositoBPR) that connects urban depositors with rural banks (Bank Perkreditan Rakyat / BPRs) across Indonesia, enabling rural banks to source deposits nationwide and offering electronic bank certificates to depositors. The company also operates a peer-to-peer lending platform (Komunal P2P) providing funding and business loans to Indonesian MSMEs (UMKM), and develops core banking systems to digitize rural bank operations.
Is Komunal a public or private company?
Komunal is a private company. It is classified as venture growth investor backed and is currently operating.
When was Komunal founded?
Komunal was founded in 2018. It employs 101 to 250 people.
Where is Komunal based?
Komunal is headquartered in Surabaya, Indonesia, in the Asia region.
How does Komunal make money?
One revenue line is on record: platform Transaction Services.
Who are Komunal's main competitors?
Direct peers on record are KoinWorks, Investree, Amartha, Funding Societies (Modalku), Mekar (PT Mekar Investama Sejahtera), Alami Sharia and Danamas (PT Pasar Dana Pinjaman). Tunaiku (Bank Amar Indonesia) is listed as a regional player. Bank Raya Indonesia is listed as a broad incumbent. Julo is listed as an emerging player.
Does Komunal have an API?
No public API is recorded for Komunal.
What industry is Komunal in?
Komunal's product category is Digital Banking / Rural Banking Technology. Its primary akta.pro industry code is FSAKAHAC, P2P Small Business / SME Marketplace Lending, with a secondary code of FSAGALAE, Embedded Deposit Accounts & Digital Wallet Infrastructure. Its NAICS code is 52229 and its SIC code is 6163.