embedded finance Indonesia 29-10-2024 Finfra raises US$2.5m to expand embedded lending for Indonesian SMEs Finfra, an Indonesian lending-as-a-service infrastructure provider, recently secured US$2.5m in a funding round led by Cento Ventures, with additional participation from Accion Venture Lab, Z Venture Capital, and Avafin’s founder Matiss Ansviesulis. This funding will fuel Finfra’s expansion of its embedded lending solutions aimed at bolstering Indonesia’s digital SME ecosystem. The platform offers tools for loan management, scoring, portfolio analytics, and regulatory-compliant access to capital, enabling seamless financial services for digital businesses. Additionally, Finfra has partnered with Tyme Group, an international digital banking network, to launch embedded lending products like merchant cash advances throughout Indonesia. Existing investors in Finfra include Hustle Fund, Firstpick, DS/X Ventures, Seedstars, Fintech Nation Fund, BADideas Fund, and Gold Dragon Ventures. Since its founding in 2022, Finfra has facilitated over US$65m in credit to underserved Indonesian businesses, aiming to more than double its quarterly gross profit by the close of 2024. “As more businesses incorporate lending services and lenders focus on the Indonesian market, our platform’s ability to bridge both is transformative,” said Markus Prommik, Co-founder and CEO of Finfra. “With strong support from our investors, we are advancing towards profitability, reinforcing our commitment to financial inclusion and sustainable financing in Indonesia.” #embedded finance#embedded lending#Finfra#fintech#sme finance