Finfra, a pioneering Indonesian lending infrastructure provider, has secured $2.5 million in a funding round, marking a significant milestone as it partners with Tyme Group, the digital banking operator known for TymeBank in South Africa and GoTyme Bank in the Philippines. This investment, led by Cento Ventures with participation from Accion Venture Lab, Z Venture Capital, and angel investor Matiss Ansviesulis, brings Finfra’s total funding to $4.3 million, solidifying investor confidence as it tackles Indonesia’s considerable credit gap for micro, small, and medium enterprises (MSMEs).
The newly acquired capital will primarily support Finfra’s collaboration with Tyme Group in bringing embedded lending solutions to Indonesian SMEs. Leveraging Finfra’s advanced API-driven platform, Tyme aims to introduce merchant cash advances and other digital financing options to Indonesia’s underserved SME market. This partnership marks Tyme’s strategic expansion into Southeast Asia’s financial landscape, building on its established presence in South Africa and the Philippines while offering Finfra valuable international exposure.
Despite Indonesia’s burgeoning economy, MSMEs face substantial challenges in securing necessary financing, a gap that Tyme and Finfra intend to close. Through embedded lending options that seamlessly integrate into merchants’ day-to-day operations, Tyme aims to provide easier access to credit, supporting these enterprises’ growth and financial resilience. Finfra’s API-enabled platform facilitates streamlined loan distribution and repayment processes, reducing barriers and timeframes for accessing funds. The approach aligns with Indonesia’s national economic goals by supporting local businesses’ growth.
“We see a unique opportunity in Indonesia to bridge the SME credit gap sustainably,” Finfra CEO stated. “Our partnership with Tyme empowers us to scale solutions that foster both growth and financial responsibility, creating a meaningful impact in the region.”
Funding Boosts Technology for Responsible Lending
With the fresh investment, Finfra also plans to advance its onboarding processes and enhance its data analytics tools, central to the platform’s mission of promoting responsible lending practices. By refining credit assessment models, Finfra seeks to offer more sustainable credit solutions, reducing reliance on traditional credit scores and favoring alternative metrics to improve accessibility. For Tyme, these technological enhancements will enable a scalable and robust lending model tailored to Indonesia’s unique SME ecosystem.
Tyme Group’s expansion into Indonesia builds on its growing footprint in Southeast Asia, where it recently launched GoTyme Bank in the Philippines. The move underscores the group’s regional ambitions to deliver inclusive digital banking services tailored to emerging markets, targeting sectors often overlooked by traditional banks.
Tyme’s venture into Indonesia highlights a broader trend of fintech collaborations aimed at enhancing financial inclusion across Asia. As countries like Indonesia and Malaysia seek to improve financial accessibility, partnerships among technology firms and established banking entities are driving innovative solutions in lending, payments, and financial services.