What is Akseleran? Akseleran Review

Situation Introduction

Akseleran was founded in 2017 as a fintech startup with an equity crowdfunding business model, but later switched to a P2P lending model to comply with the rules set by the Indonesian Financial Services Authority (OJK). Akseleran is able to connect SMEs with lenders, and through its Auto-Invest APP, lenders can determine loan criteria such as loan term and interest rate, thereby reducing the time and hassle of selecting loan proposals from borrowers.

Advantages

The Akseleran platform can bring many benefits to startups and small and medium-sized enterprises.

Firstly, they do not need to bear any debt burden, as Akseleran does not charge interest;

Secondly, the security and efficiency of the entire financing process can be fully guaranteed. From due diligence to marketing to the final closing of financing, Akseleran uses online processing methods. They only need to ensure the correctness of the submitted materials, do their best to promote, and seek investment for project activities.

Finally, Akseleran will help these companies with business plans and financial forecasts.

Profit Model

Akseleran's profit channel mainly comes from start-ups and small and medium-sized enterprises, rather than investors. The minimum investment amount for investors is 100,000 rupiah, or $7.5. In addition to charging 10 million rupiah (750 US dollars) in management and consulting fees to financing companies, the platform will also require 3% of the shares of these companies.

Financing

In February 2019, Indonesian P2P platform Akseleran announced that it had received approximately US$2.5 million in financing, leaving it US$5 million short of its target of US$7.5 million. The company expects to complete its Series A financing by the end of this year. Akseleran said that the new funds will be mainly used for the company's market expansion and loan amount increase. The company plans to lend US$86 million to more than 2,000 borrowers in 2019 and plans to cooperate with more than 120,000 lending institutions.

In June 2019, Indonesian P2P startup Akseleran raised $5 million in Series A funding, close to its $7.5 million target. The deal is expected to close in the coming weeks.

Development History

In 2017, Akseleran, Indonesia's first equity crowdfunding platform, was officially established in Jakarta. Prior to this, the company had launched a test version in December last year.

At the beginning of 2019, Akseleran has begun cooperating with e-commerce giants Tokopedia and Bukalapak.