Indonesian Fintech Lending Platform Investree Secures $231m Funding

Indonesian fintech lending platform Investree has announced raising about $231 million in its Series D funding round anchored by Qatar’s JTA International Holdings with participation from SBI Holding.

Following the investment, JTA International Holding and Investree have completed the setup of a joint venture company called JTA Investree Doha Consultancy, serving as the Middle-East hub for Investree to offer its SME digital lending technology solutions, according to the announcement.

Investree last raised $23.5 million in a series C funding round in March 2020, led by MUFG Innovation Partners and BRI Ventures.

President Director & Co-Founder / CEO of Investree, Adrian Gunadi, stated that the series D funding will be used to expand their products and services, along with increasing collaboration with various partners to provide more innovative digital solutions for MSME players.

He also emphasized that the establishment of JTA Investree Doha marks their joint vision to the further expansion of digital MSME lending technology, with JTA Investment Holding as Investree’s strategic partner. He added:

We are able to disclose that as of now, the joint venture between Investree and JTA International Holding has been set up completely and officially recognized by the government of Qatar. The process took time as there were various steps that we needed to adhere to according to the laws and regulations in Qatar.

Founded in 2015 in Jakarta, the Investree entered the market aiming to provide digital financial solutions to MSMEs who are largely underbanked and previously faced difficulties securing loans without collaterals from traditional financial institutions.

Investree provides four lending products for MSMEs, which are Invoice Financing for MSMEs providing services/products to large enterprises with the source of repayment from invoices, Working Capital Term Loan (WCTL) for MSMEs with unique business models, Buyer Financing for MSMEs as retail buyer at large retailers/wholesalers, and Micro Productive Loan for ultra-micro entrepreneurs from Investree partners’ ecosystem.

As per October 2023, Investree Indonesia has recorded a total loan disbursement of IDR 13.97 trillion (USD 916.30 million) in productive loans since it was founded in 2015. Investree Indonesia is a subsidiary of Investree Group, the holding company based in Singapore, alongside Investree Thailand and Investree Philippines.

Currently, Investree’s series D funding is still in progress.

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