Indonesian fintech startup Investree has just secured a massive $231 million in Series D funding. And they’re also spreading their wings to Qatar.
Leading the charge is Qatar’s JTA International Holdings, making a bold statement about Investree’s potential. SBI Holding, a familiar name from previous rounds, is also among the funding partners.
Funding details
- Funding amount: US$230.8 million
- Lead investors: JTA International Holding
- Other investors: SBI Holdings
- Funding Stage: Series D
Adrian Gunadi, the CEO and co-founder of Investree, is excited about this funding. The startup is eager to use funds to grow their product offerings and create innovative digital solutions that cater to the unique needs of MSMEs.
Gunadi stated, “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.”
Expansion into Qatar
Investree has signaled a bold move into new territories. As part of the agreement, Investree and JTA have established a joint venture ‘JTA Investree Doha Consultancy’ in Doha, the capital of Qatar.
This joint venture will serve as a hub for Investree’s Middle East operations and provide digital lending services such as AI-powered credit scoring for small and medium-sized companies in the region. The joint venture will allow Investree and JTA to “bring innovative technology built in Indonesia to empower MSMEs (Micro, Small, and Medium-sized Enterprises) in Qatar, Middle East and Central Asia” the official statement said.
Investree and its ambitious goal
Founded in Jakarta in 2015, Investree is on a mission to empower small and medium-sized businesses with innovative fintech solutions.
The latest funding round will give the fintech the firepower they need to expand their product lineup and form strong partnerships with various players in the field. Their main goal is to supercharge their suite of cutting-edge digital solutions tailored specifically for small and medium-sized businesses.
