Indonesian P2P lender UangTeman announces first close of $10m Series B

Indonesian P2P lender UangTeman announces first close of $10m Series B

UangTeman, legally known as PT Digital Alpha Indonesia, has been freed from a $1 million lawsuit initially petitioned by Real Kapital for defaulting on its loan obligations, according to a statement on Wednesday.

Indonesian peer-to-peer startup UangTeman on Friday announced reaching the first close of a Series B funding round, for which it is raising $10 million in equity financing and an undisclosed amount in debt financing.