20m

Singapore health tech mClinica to raise $20m as coronavirus spurs growth

JAKARTA — mClinica, a Singapore-headquartered health tech startup focused on the pharmaceutical industry, is planning to raise $20 million in its Series B round, just months after closing a bridge deal with U.S.-based Susquehanna International Group, a company executive told DealStreetAsia.

The bridge round was closed just before the coronavirus crisis struck the globe, crippling investments across sectors.

The funds raised in the bridge round was used to accelerate growth in Indonesia, said Farouk Meralli, founder and CEO of mClinica. The company is also in markets such as Philippines, Vietnam, Thailand, Malaysia and Cambodia.

Meralli said mClinica has grown significantly

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KoinWorks bags $20m in additional capital and debt facilities

JAKARTA — An Indonesian peer-to-peer fintech lending platform for SMEs on Monday announced that it raised $20 million in fresh debt and additional capital. For the equity capital, KoinWorks completed the first close of a convertible note from several VC firms, including existing investors Quona Capital, EV Growth and Saison Capital.

The company also secured new credit facilities, including from Netherlands-based Triodos Bank, to underwrite loans on its platform.

The additional funding is crucial for the business in the current environment, according to KoinWorks’ co-founder and CEO Benedicto Haryono. “This investment shows tremendous confidence in our abilities as best-in-class loan

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