A series A financing of $15 million was co-led by Patamar Capital, PT Astra Digital International, and 500 Global for the fintech company Mapan, located in Indonesia. Mapan’s new CEO, Ardelia Apti, a former Gojek executive who currently holds the position of chief commercial officer, was also chosen.
Mapan, a digital community that was established in 2009, connects users to financial services. It introduced its Mapan Arisan service in 2015, giving conventional rotating savings plan a digital twist. Members of the group take turns buying items for everyone under this plan.
The business also provides a resale of consumer products through Mapan Mart and bill payment services through Mapan Pulsa. In 2017, the popular app Gojek bought Mapan and two other Indonesian finance companies.
The most recent rise at Mapan will be used to enhance its Arisan service. By 2026, the business hopes to reach 10 million local households by working with leading suppliers.
“We are honoured that through the Mapan Arisan product, they have been empowered to help their communities improve their ability to purchase household goods, thus boosting their quality of life,” said Apti.
