In a significant stride toward advancing financial inclusivity, Indonesian lending-as-a-service innovator Finfra has raised $2.5 million in a funding round spearheaded by Cento Ventures. This investment, complemented by Accion Venture Lab, Z Venture Capital, and Avafin’s founder Matiss Ansviesulis, empowers Finfra to expand its reach and deepen its commitment to Indonesia’s digital small-to-medium enterprise (SME) ecosystem. With Indonesia’s digital economy flourishing, Finfra aims to bridge the financial gap for thousands of SMEs, empowering businesses to thrive in the rapidly evolving marketplace.
Innovating Indonesia’s Financial Landscape
Since its founding in 2022, Finfra has been committed to providing a robust digital infrastructure tailored for lending. The company’s platform equips users with cutting-edge tools for loan management, scoring, portfolio analytics, and regulatory-compliant capital access. This comprehensive approach has enabled Finfra to facilitate over $65 million in credit to underserved Indonesian businesses. Now, with this fresh capital injection, Finfra is poised to scale even further.
Markus Prommik, Co-founder and CEO of Finfra, stated, “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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A Strategic Alliance with Tyme Group
Beyond its funding success, Finfra has also partnered with Tyme Group, a digital banking network with a presence across multiple countries. Through this collaboration, Tyme will harness Finfra’s technology to introduce embedded lending solutions—starting with merchant cash advances—specifically designed for Indonesia’s thriving digital marketplace. This partnership marks a critical milestone in Finfra’s growth strategy, as the company brings embedded lending to new audiences while broadening its impact.
Fueling a Future of Financial Empowerment
Finfra’s approach underscores a commitment to transforming the lending landscape in Indonesia. With tools that streamline loan management, empower businesses to manage cash flows, and enable sustainable lending, Finfra has become a trusted partner for both lenders and SMEs. The company aims to more than double its quarterly gross profit by the close of 2024, leveraging its platform’s scalable design to meet the rising demand for accessible, compliant lending solutions.
Finfra’s story is one of purpose-driven growth, aimed at empowering Indonesia’s entrepreneurs and driving financial inclusivity. As more SMEs embrace digital transformation, Finfra is positioned to serve as an essential infrastructure provider, bridging the gap between financial institutions and businesses in need of growth capital.
In partnership with its diverse investor base, including Hustle Fund, Firstpick, DS/X Ventures, Seedstars, Fintech Nation Fund, BADideas Fund, and Gold Dragon Ventures, Finfra is creating a financial ecosystem that thrives on accessibility, innovation, and opportunity.
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