‍Meet Skorlife! This Indonesian fintech helps Indonesians open credit cards and take out loans  by keeping tabs on their credit scores, and they just raised a $4M seed. 

• Launched only last year, their app has already reached 100,000 downloads. 

Investor check. The round was led by Hummingbird Ventures. QED Investors, AC Ventures and Saison Capital also joined in. 

• They raised a $2.2M pre-seed last September. 

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🪪 The context

Most Indonesians can’t access fair or low-interest credit. Why? There isn’t a strong credit scoring infrastructure (or much tracking data) in Indonesia. So, financial institutions are extremely conservative about approvals — even for credit cards.

•  According to GlobalData, there were only 6 credit cards per 100 people in 2022.

They’re forced to use high-interest alternatives, like P2P lending, BNPL platforms, or worse, informal creditors. Yikes!

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👓 Keep the score  

Skorlife lets Indonesian consumers access credit scores from national credit bureaus so they can fast-track their financial goals.

• Protect your reputation. Track your credit card activity, loan statuses, and payments to make sure everything is in order. 
• They’re official! Skorlife is admitted by Indonesia’s Financial Services Authority (OJK)’s regulatory sandbox. 
• Users can access their credit history data for the last 24 months!

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📲Don’t just track. Get better! Skorlife doesn’t just give access to credit scores, they also give tips to build credit.

• The app reminds you to pay your bills, improve your credit mix, and watch the age of your credit.  

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🔮 What the future holds? 

Skorlife will use the $$$ to hire new talent and market their services. 

• They’re going to continue working with OJK’s regulatory sandbox so they can develop their products.