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)
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