Indonesia-based Investree, which is aimed at supply chain finance, has received $10.5m in debt financing.
The funds were supplied by responsAbility Investments, an asset manager focused exclusively on sustainable investment and Accial Capital, an investor aimed at FinTech.
This capital will help Investree supply more funding to the micro, small and medium sized businesses in Indonesia.
Investree also claims the capital supports the UN Sustainable Development Goals (SDGs), by helping businesses access financing. It stated a lack of funding at SMEs hinders job creation, fuels inequality, and stifles economic development.
Founded in 2016, the company leverages technology and data to make loans more affordable and accessible. To support this mission, funds from the round will be applied in its social impact business model by addressing the credit gap in the vibrant MSME segment in Indonesia.
Investree co-founder and CEO Adrian Gunadi said, “This partnership with responsAbility and Accial Capital marks a milestone in our journey. And we look forward to further growing the relationship with Accial – one of our original financing partners – and responsAbility – one of the world’s leading impact investors.
“The credit provided by the investment partnership is also timely as we, through our digital solutions, continue to support Indonesian small businesses to sustain and recover through the challenging times caused by the pandemic.”
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