Indonesia fintech lending company, Alami, received funding of around US$1 million from four Singapore and Malaysia investors, the management said in a written statement on Wednesday (Nov 13). The company hopes to complete the funding round early next year.
CEO of Alami Dima Djani said that four investors consisted of three venture capitals, namely Golden Gate Ventures, Agaeti Ventures, RHL Ventures and the remaining of Citibank Private Banking’ Ceo, Aamir Rahim.
Golden Gate Ventures leads this funding round. Singapore’s venture capital has invested in 30 companies from Asian countries since 2011. In Indonesia, the company has invested in Gojek, Tanihub, Alodokter, Sampingan, DuitPintar.com, Ruma, Printerous, Teman Jalan, and Gadjian with investments around $1 million to $5 million. Whereas RHL Ventures are from Malaysia and Agaeti Ventures are based in Indonesia.
Djani said the investors were interested in investing in Alami because it had a mature business plan. This is also supported by the large potential of the Islamic market in Indonesia. Currently, Alami has disbursed loans of more than Rp55 billion ($3.92 million).
