Fintech

$1M for Indonesia-based Finfra to embed finance solutions

June 15, 2023
Finfra team (from left to right) Reinis Simanovskis, Dionysius Yogadhitya, Markus Prommik, Hilda Indriana, Varun Rathi. Image from Finfra

Offer fintech services with Finfra! This Indonesia-based startup lets you embed white-labeled finance solutions to your platforms at scale. And they just raised $1M in new funding

  • They mostly serve companies in the digital supply chain, agritech, and e-commerce sectors.

Investor check. DS/X Ventures, Seedstars International Ventures, Cento Ventures, Fintech Nation, FirstPick, BADideas Fund, and Hustle Fund helped fund the round. 

👛 Where’s the coin? 

It can take up to five years to build your own finance infrastructure from the ground up. 

Finfra’s API lets you offer solutions like invoice financing and purchase financing in weeks.  

  • You can also offer credit and BNPL solutions to your customers through their loan management feature. (Most embedded financing companies don’t let you offer loans!)
  • They even let employees access their wages early for short-term needs.  

Customer is always right. Finfra lets you take charge of the customer experience. They help businesses modify controls so they can lend money without too much risk. Oh, and they also monitor and give insights on your lending portfolio. 

💹 What’s with the $$$? 

They’ll focus on product development and hire talent to grow their data, finance, and engineering teams. 

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