Indonesia’s peer-to-peer (P2P) lender, Investree, is gearing up to raise Series C funding aimed at accelerating its regional and Islamic business expansion. The company, known for its focus on small and medium-sized enterprises (SMEs), plans to broaden its presence in key markets such as Japan, South Korea, and China. Investree offers both conventional and Shariah-compliant financing solutions and hopes to finalize its Series C round by December this year, according to CEO and co-founder Adrian Gunadi.
Since its founding four years ago, Investree has attracted considerable interest from institutional investors due to its innovative platform and growth potential. The company’s primary backers include Indonesia’s Kejora Ventures and Japan’s SBI Holdings. By offering a variety of financial products, including SME loans and government bonds, Investree has positioned itself as a key player in the Indonesian fintech landscape.
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In the first half of 2019 alone, Investree distributed loans amounting to US$152 million, representing a 30% year-on-year increase from the previous period. This rapid growth underscores the company’s potential as it sets its sights on expanding into new regions. Currently, Investree operates in Thailand, Vietnam, and Indonesia, with plans to enter the Philippines market soon, further extending its reach in Southeast Asia.
Investree’s ambitions don’t stop at regional expansion. The company also plans to enhance its Shariah-compliant business offerings to better serve the millions of Muslims in Indonesia and other key markets. Having launched Shariah-compliant loan services in 2018, the company has seen a steady increase in demand, with 10% of its total revenue now coming from Islamic finance operations. With an eye on the future, Investree aims to capture a larger share of the Islamic finance market, which continues to grow globally, driven by increasing demand for ethical and Sharia-compliant financial products.
The new funding round will enable Investree to solidify its foothold in current markets while exploring expansion opportunities in new regions. The company’s aggressive growth strategy focuses not only on increasing its conventional lending operations but also on tapping into the vast potential of Islamic finance. By leveraging its technological capabilities and financial expertise, Investree is well-positioned to meet the evolving needs of businesses and individual borrowers across Southeast Asia, including those seeking Sharia-compliant financing options.
As Investree moves forward with its Series C funding round, it aims to strengthen its presence across both conventional and Islamic financial sectors, ultimately positioning itself as a leading fintech company in the region. With its focus on innovation, ethical finance, and expansion into key Asian markets, Investree is poised to play a significant role in shaping the future of financial services in Southeast Asia.
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