Finfra, an Indonesian lending-as-a-service infrastructure provider, has raised US$2.5 million in a funding round led by Cento Ventures.
The fundraise was also joined by Accion Venture Lab, Z Venture Capital, and Avafin’s founder, Matiss Ansviesulis.
The investment will help Finfra scale its embedded lending solutions to support Indonesia’s digital SME ecosystem.
The company’s platform provides digital tools for loan management, scoring, portfolio analytics, and regulatory-compliant access to capital.
Finfra has also announced a partnership with Tyme Group, a multi-country digital banking network.
Tyme will utilise Finfra’s tools to launch embedded lending options like merchant cash advances across Indonesia.
Existing investors in Finfra include Hustle Fund, Firstpick, DS/X Ventures, Seedstars, Fintech Nation Fund, BADideas Fund, and Gold Dragon Ventures.
Finfra reported that it has facilitated over US$65 million in credit for underserved Indonesian businesses since its establishment in 2022.
The company aims to more than double its quarterly gross profit by the end of 2024.
“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.”
said Markus Prommik, Co-founder and CEO of Finfra.