SMEs can receive funds upfront for their customer invoices, with up to 80% of invoice value and a term range of 30 to 120 days.
Aims to offer better financial access to SMEs and the younger generation.
This oversubscribed series B round is the largest raised by a P2P lending platform in Southeast Asia.
Company’s business has grown nine times compared to 2016.
Partnership builds efficiency while lowering risks for lenders.
The partnership is aligned with National Financial Inclusion Strategies, which focus on farmers, fishermen, craftsmen, and MSMEs.
Also welcomes credit portfolio management expert Terry Tse as advisor.
App provides convenience and mobility from sign-up to crowdfunding for alternative investments.
It is the only peer-to-peer lending company from Southeast Asia included in the list.
Indonesian fintech startup is now officially registered and licensed at the Financial Services Authority.