PT Kurio announced a private placement of 7,799,554 shares at IDR 8,640.7839 per share in its series B round of funding for gross proceeds of IDR 67,394,260,634 on March 15, 2016. The transaction included participation from new investor Gunosy Inc. Pursuant to the transaction; the investor acquired a stake of 43.8% in the company's issued and outstanding share capital. The round was raised at a post money valuation of $12,000,000 (IDR 156,250,000,000).

The conversion was made through www.oanda.com as on March 15, 2016.