Fintech

Finfra raises $2.5M led by Cento Ventures

November 5, 2024

Let them lend! Meet Finfra. This fintech startup builds technology that lets any business offer financial services—fast. Now, they’ve just raised a $2.5M round led by Cento Ventures!

  • They’ve facilitated over $65M in credit to Indonesian businesses, including Mekari and GoCement.

Investor check. Accion Venture Lab, Z Venture Capital, Matiss Ansviesulis (Founder, Avafin), and existing investors also joined in!

🤑 3, 2, 1, loan!

They’re focused on allowing companies to embed white-labeled lending services into their platforms.

  • They help non-financial companies, mostly in e-commerce, agriculture and logistics.

Forget building your own infrastructure. Finfra’s APIs let you offer solutions like invoice financing, payroll financing, and working capital financing in weeks.  

  • It’s easy to do it all. Onboard customers, assess borrower creditworthiness, process loan applications and comply with regulations.
  • Just start lending. You’ll be able to use their own underwriting stack and credit scoring, as well as their license.

🤝🏼  Partnering up

They’ve also just announced a major partnership with Tyme Group. They’ll support Tyme’s Indonesian expansion plans.

  • They’re a multi-country digital banking group behind South Africa's TymeBank and the Philippines’ GoTyme Bank.

🔜 What’s next?

They’ll use the $$$ to build up their digital lending integration capabilities, onboarding ability for their customer pipeline, and improve their data analytics, scoring, and risk assessment products.

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