June 14

Finfra Raises $1 Million to Scale Embedded Finance in Indonesia

Finfra, the one-stop shop for companies launching white-labelled lending products in Indonesia, has announced it raised $1 million in funding. The funding round was a collaborative effort by DSX Ventures and Seedstars International Ventures, regional fintech experts Cento Ventures and Fintech Nation, Baltic-based startup support incubators FirstPick and BADideas Fund, and Silicon Valley-based Hustle Fund. Finfra plans to accelerate product development and grow its engineering, data, and finance teams in an effort to boost revenue and further establish itself as a market leader within the Southeast Asian embedded lending industry.

Photo courtesy of Bindalfrodo.

Source: Financial IT (link opens in a new window)

Finance, Technology
accelerators, financial inclusion, fintech, scale