Congratulations to the Finfra team on their recent funding news! 👏 We are excited to see the following achievements you will conquer in Southeast Asia.
💵 Funding News: 🗓️ News Month: October, 2024 🚀 Finfra Raises $2.5M to Transform Lending in Southeast Asia! 🇮🇩 Jakarta-based Finfra, an API-driven lending infrastructure provider, is driving growth and innovation for non-financial platforms, empowering them to enhance user engagement and unlock new revenue streams. Funding Highlights: 💰 Funding Round: $2.5M 🎯 Led by: Cento Ventures 🤝 Investors Include: Accion Venture Lab, Z Venture Capital, Matiss Ansviesulis, and existing backers What’s Next for Finfra: 🔸Enhanced Capabilities 🛠️: Expanding onboarding for customers and refining data analytics, scoring, and risk assessment tools. 🔹Southeast Asia Expansion 🌏: Partnering with Tyme Group to establish a presence in new markets like the Philippines and beyond. Key Milestones: 🔸Client Base Growth 📈: Doubled clients since the last fundraise. 🔹Impact: Facilitated $65M in credit for underserved Indonesian businesses. 🔸Major Customers: GoCement and Mekari. 🔹Profit Surge Expected: Over 2x growth in quarterly gross profit by Q4 2024 vs. Q4 2023. CEO Markus Prommik’s Vision: 🗣️ "Our focus is to provide sustainable, compliant, and scalable lending solutions that drive meaningful impact for businesses and communities." Finfra’s innovations are setting a new benchmark in Southeast Asia’s lending landscape! 🌟 📢 Stay tuned to Future Techly for the latest updates on this groundbreaking initiative and the latest in tech and business! 💥 Source: FinSMEs ♻️ Repost if you think this insight is worth sharing!