Indonesian Fintech Firm Investree Secures $230.8 Million in Series D Funding and Expands to Qatar

Indonesian fintech lending platform Investree has secured a substantial €220 million (approximately $230.8 million) in a Series D funding round, marking a significant milestone for the company. Qatar’s JTA International Holdings spearheaded the funding round and saw participation from established investor SBI Holding, further underlining Investree’s prominence in fintech.

The financial boost comes as Investree simultaneously establishes a joint venture in Doha, Qatar, signaling the company’s expansion into new territories. This strategic move reflects the growing recognition of Investree’s innovative lending platform, which has earned the trust and support of notable investors in the region.

After this substantial investment, Investree and JTA International Holding have swiftly established a collaborative venture called JTA Investree Doha Consultancy. Positioned as Investree’s key presence in the Middle East, this entity is poised to introduce cutting-edge digital lending solutions to serve the needs of SMEs. Among its notable offerings is an advanced AI-powered credit scoring system, providing an efficient means for evaluating the creditworthiness of small and medium-sized enterprises.

Establishing this joint venture signifies Investree’s commitment to expanding its digital lending technology across Qatar, the Middle East, and Central Asia, ultimately empowering local SMEs with access to innovative financial solutions. This strategic move aligns with Investree’s mission to foster financial inclusion and support the growth of small businesses in these regions.

The latest round, led by JTA International Holdings and featuring participation from SBI Holding, empowers Investree to expand its product offerings and strengthen partnerships with diverse collaborators. The primary objective is to enhance its suite of innovative digital solutions tailored to the specific needs of MSME players.

Since its establishment in 2015, Investree has played a pivotal role in digital lending. The firm’s dedicated focus on serving the financial needs of underbanked MSMEs has yielded impressive results. 

As of October 2023, Investree Indonesia, a subsidiary of the broader Investree Group, has disbursed $916.3 million in productive loans, effectively bridging the gap for small businesses that previously struggled to secure loans without collateral from traditional financial institutions. 

Adrian Gunadi, Investree’s CEO and co-founder, emphasized that the newly secured funding would fuel the expansion of their product portfolio and services. He also highlighted their collaboration with various partners to deliver even more innovative digital solutions tailored to the needs of MSME players. 

In a statement, Gunadi mentioned, “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 the laws and regulations in Qatar.”

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