Alami named as Top 5 Emerging Fintech Startups to Watch in Indonesia in 2020
tryb’s portfolio company Alami is named as one of the Top 5 Emerging Fintech Startups to watch in Indonesia in 2020.
Fintech News Indonesia recently published their list of five fintech companies that are going to go through fast growth in 2020 and are worth watching out for. Besides Alami, Superatom, Pintek, pluang and halofina made the list. Fintech News Indonesia says “These startups are either fairly new or have remained in the dark so far, but have made significant strides in 2019, including raising funding from notable investors, launching new products and services, or gaining notable recognition.”
Read more at: https://fintechnews.sg/38498/indonesia/5-emerging-fintech-startups-from-indonesia-to-watch-in-2020/
Established in late-2017, Alami started as an aggregator platform focused on the Islamic market in 2018 before expanding to providing small and medium-sized enterprise (SME) financing in 2019 after receiving regulatory approval from Otoritas Jasa Keuangan (OJK), the Indonesian Financial Services Authority.
In November 2019, Alami raised an undisclosed amount of investment commitment led by Golden Gate Ventures, with participation from Agaeti Ventures and RHL Ventures. It said it would the fresh funding to support talent acquisition and product development as well as strengthen its operational structure.
As of March 2020, Alami had disbursed over US$7.5 million in sharia-compliant financing to SMEs. The startup now plans to become a digital bank.