Fairbanc has provided financing to more than 250,000 merchants in Indonesia, many of whom do not have bank accounts.
Calo has nine-figure annual revenue and plans to go public in 2025.
The funding will support the startup’s expansion, particularly in the United States and the Philippines
The funding round was led by GMS Capital Ventures and will be used to expand operations and improve the country’s…
The new funding will support expansion in key areas and strengthen supply chain financing.
Stigg plans to double its staff within a year and currently employs more than 20 people.
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