Indonesian P2P lending Investree raised Serie B funding

Tinuku - Indonesian peer to peer lending startup, Investree, announced it has raised Serie B funding led by SBI Holdings, followed by Mandiri Capital Indonesia, Persada Capital, Endeavor Catalyst, 9F Fintech Holdings Group and existing investor Kejora Ventures.

The unspecified amount of funding is planned to be used to develop new technologies and products, expand the user base, including to other countries and recruit teams. Investree claims to have facilitated a loan of Rp1 trillion (US$70 million) to more than 2000 borrowers and retained non-performing loans at zero percent.

Tinuku Indonesian P2P lending Investree raised Serie B funding

Investree was established in 2016 by Adrian Gunadi and Aida Sutanto received Series A funding from Kejora Ventures in the same year. They have also presented the sale service of Government Securities and have cooperated with Tanamduit to make mutual fund sale and purchase services. Investree has also been present in Vietnam under the name eLoan.