Global Brain has made an additional investment in AwanTunai, a business solutions platform for traditional offline wholesalers and merchants in Indonesia, through its GB-VI & GB-VII Follow-on Growth Fund Investment Limited Partnership (GB-VI & VII Follow-on). With the world's fourth-largest population, Indonesia continues rapid economic growth. However, traditional merchants still play a significant role in the distribution of goods, and there is much room for improvement in efficiency. AwanTunai digitizes the inventory ordering, payment, and customer management operations of wholesalers and merchants in the country, along with providing embedded financial services using its transaction data. The company assists more than 70,000 traditional micro merchants by collaborating with more than 300 supplier partners. Also, together with domestic and international financial institutions, AwanTunai provides many unbanked micro SMEs with access to financial services. Global Brain has decided to additionally invest in AwanTunai, thinking highly of its excellent product and business model as well as the management team's deep insights and commitment. Global Brain will proactively leverage its resources to support AwanTunai in expanding the business further and contributing to energizing Indonesia’s distribution market, including micro SMEs. ## About AwanTunai

Location: Singapore

CEO: Dino Setiawan

Founded: 2017

URL: https://www.awantunai.co.id/

## About GB-VI & VII Follow-on

Name: GB-VI & GB-VII Follow-on Growth Fund Investment Limited Partnership

General Partner: Global Brain Corporation

## About Global Brain

Location: Tokyo, Japan

Representative: Yasuhiko Yurimoto

Founded: January 1998

URL: https://globalbrains.com/