Finfra, an Indonesian lending-as-a-service infrastructure provider, has successfully secured $2.5m in a funding round led by Cento Ventures.
The investment round also saw participation from Accion Venture Lab, Z Venture Capital, and Avafin’s founder, Matiss Ansviesulis, according to a report from FinTech News. This financial injection marks a significant milestone for the firm, bolstering its presence within the Indonesian digital SME ecosystem.
Finfra is dedicated to enhancing the efficiency of digital financial services across Indonesia. The company’s robust platform offers a range of digital tools tailored for loan management, scoring, portfolio analytics, and ensuring regulatory-compliant access to capital.
The newly acquired funds are earmarked for scaling Finfra’s embedded lending solutions.
Finfra boasts a track record of facilitating over $65m in credit to underserved businesses since its inception in 2022. Looking forward, the company is set on doubling its quarterly gross profit by the end of 2024.
Finfra CEO Markus Prommik highlighted the transformative potential of their platform, stating, “As more businesses embed lending services and products, and lenders eye the Indonesian market, our platform’s ability to connect both sides is transformative.
“This collaboration, supported by our investors, puts us on the path to profitability and strengthens our mission to drive financial inclusion and expand sustainable financing options in Indonesia.”
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