134 indexable Alternative Lending companies headquartered in Indonesia, ranked by total equity funding and recent funding momentum. Combined disclosed equity funding of $2.4B across 40 funded companies, including 3 unicorns.
| # | Company | Funding | Valuation | Stage | Latest round | Employees | Founded | Momentum |
|---|---|---|---|---|---|---|---|---|
| 1 |
Honest
Provider of a digital credit card with simplified fees and features |
$61.2M | — | Series B | Series B Oct 2025 | 144 | 2019 | ↑ Active |
| 2 |
Akulaku Finance
App-based platform for consumer loans |
$49.2M | — | Funding Raised | Conventional Debt Aug 2025 | — | 2016 | ↑ Active |
| 3 |
Amartha
Microfinance P2P lending platform |
$53M | — | Series C | Conventional Debt Jun 2025 | 7,517 | 2010 | ↑ Active |
| 4 |
AwanTunai
Provider of supply chain digitization by ERP systems with embedded financing |
$55.8M | — | Series B | Conventional Debt Dec 2024 | 179 | 2017 | ↑ Active |
| 5 |
Modalku
P2P marketplace for business loans |
$66.2M | — | Series C | Conventional Debt Sep 2024 | 161 | 2016 | ↑ Active |
| 6 |
Akulaku
Unicorn Online marketplace for point of sale financing |
$430M | $1.5B as of 2022 |
Series E | Conventional Debt Mar 2024 | 876 | 2014 | — |
| 7 |
Ringkas
Provider of a digital platform for home loan applications |
$5.8M | — | Seed | Seed May 2025 | 43 | 2021 | ↑ Active |
| 8 |
AdaKami
App-based platform for personal loans |
$32M | — | Funding Raised | Conventional Debt Oct 2024 | 137 | 2018 | ↑ Active |
| 9 |
SkorLife
Developer of a platforms offering credit score checks |
$6.2M | — | Seed | Seed Jan 2025 | 10 | 2021 | ↑ Active |
| 10 |
Investree
Online P2P lending platform for business loans |
$254.3M | — | Series D | Series D Oct 2023 | 321 | 2015 | — |
| 11 |
Kredivo Holdings
Unicorn Provider of a consumer lending platform for financial applications |
$390M | $1.6B as of 2023 |
Series D | Series D Mar 2023 | — | 2015 | — |
| 12 |
Kredivo
Unicorn Provider of an app-based platform for purchase financing |
$410M | $2B as of 2023 |
Funding Raised | Mar 2023 | 1,134 | 2015 | — |
| 13 |
Finfra
Provider of embedded finance infrastructure for digital businesses |
$3.5M | — | Series A | Series A Oct 2024 | 5 | 2022 | ↑ Active |
| 14 |
Wagely
Provider of an online platform for payday loans |
$36.9M | — | Series A | Conventional Debt Mar 2024 | 107 | 2019 | — |
| 15 |
SGMW Multifinance
Digital lending platform offering vehicle financing |
$18.8M | — | Funding Raised | Conventional Debt May 2024 | — | 2018 | — |
| 16 |
TrustIQ
Provider of consumer loans |
$105M | — | Series D | Series D Feb 2023 | 5 | 2018 | — |
| 17 |
UangMe
P2P lending for personal loans |
$31.9M | — | Series B | Series B Oct 2023 | 127 | 2018 | — |
| 18 |
JULO
Online marketplace for personal loans |
$105M | — | Series B | Conventional Debt Apr 2022 | 537 | 2016 | — |
| 19 |
Komunal
Internet-first bank offering digital banking services for rural communities |
$16.1M | — | Series A | Series A Dec 2023 | 180 | 2018 | — |
| 20 |
Alami Sharia
Online P2P lending marketplace offering diversified loans to businesses |
$19M | — | Series A | Series A Oct 2023 | 444 | 2017 | — |
| 21 |
KoinWorks
Developer of a P2P lending platform |
$93.1M | — | Series C | Series C Jan 2022 | 651 | 2015 | — |
| 22 |
HaloMoney
Financial products and services comparison platform |
$90M | — | Series B | Series B Jul 2017 | — | 2013 | — |
| 23 |
PasarMIKRO
Developer of an online platform for point-of-sale financing |
$2.5M | — | Series A | Series A Aug 2023 | 38 | 2020 | — |
| 24 |
Gaji Gesa
Online financial wellness platform for employees |
$9.1M | — | Acquired | Seed Nov 2021 | 97 | 2020 | — |
| 25 |
Pintek
Online marketplace for consumer & business loans |
$7.7M | — | Series A | Series A Nov 2021 | 113 | 2018 | — |
| 26 |
Kini
Online platform for employee's financial benefit |
$4.3M | — | Seed | Seed Jul 2022 | 10 | 2021 | — |
| 27 |
IDEAL
Online lending marketplace for mortgage loans |
$3.8M | — | Acquired | Seed Jul 2022 | 28 | 2021 | — |
| 28 |
UangTeman
Online platform for consumer & business loans |
$12M | — | Series B | Series B Feb 2020 | 80 | 2014 | — |
| 29 |
Dana Cita
Provider of an online platform for education loans |
$5.1M | — | Series A | Series A Feb 2021 | — | 2017 | — |
| 30 |
Nikel
API-enabled lending and loan management solution for banks and financial institutions |
$2.5M | — | Acquired | Series A Apr 2022 | 38 | 2018 | — |
| 31 |
Acceleration
P2P lending platform for business loans |
$8.6M | — | Series A | Series A Sep 2019 | 136 | 2016 | — |
| 32 |
Cermati
Comparison platform for financial products |
$2.9M | — | Series C | Series C May 2021 | 382 | 2014 | — |
| 33 |
Lunash
AI-based debt collection platform for financial institutions |
$125K | — | Seed | Seed Jan 2024 | — | 2023 | — |
| 34 |
Taralite
Online marketplace for working capital loans |
$6.3M | — | Acquired | Series A May 2017 | 11 | 2015 | — |
| 35 |
CICIL
Financing platform for students for buying products |
$5M | — | Series A | Series A Aug 2018 | 588 | 2016 | — |
| 36 |
Pendanaan
Platform for short term mobile-based loans |
$1M | — | Series A | Series A Nov 2017 | 61 | 2016 | — |
| 37 |
Indofund.id
Online P2P marketplace for business loans |
$484.9K | — | Seed | Seed Sep 2020 | — | 2018 | — |
| 38 |
iGrow
Agriculture investment and crowdfunding platform |
$125K | — | Acquired | Seed Jun 2016 | 52 | 2014 | — |
| 39 |
Teman Usaha
Mobile-first loan aggregrator for business loans. |
$28K | — | Deadpooled | Seed Mar 2017 | 4 | 2015 | — |
| 40 |
international practice
Debt settlement services |
$7.4K | — | Funding Raised | Grant (prize money) Apr 2019 | — | 2014 | — |
| 41 |
Infinid
Online lending platform offering mortgage loans |
— | — | Series A | Series A Jun 2024 | 4 | 2022 | — |
| 42 |
DeGadai
Provider of financial services |
— | — | Series A | Series A Jan 2023 | — | 2018 | — |
| 43 |
GoKampus
App-based platform for college registration for admission |
— | — | Seed | Seed Jun 2021 | 32 | 2018 | — |
| 44 |
BIDUK
Provider of customized financial products for small and growing businesses |
— | — | Seed | Seed Mar 2021 | — | 2019 | — |
| 45 |
PinjamWinwin
P2P platform for business loans |
— | — | Seed | Seed Jan 2021 | 13 | 2014 | — |
| 46 |
AgenKAN
App for personal loans |
— | — | Deadpooled | Seed Jun 2020 | — | 2018 | — |
| 47 |
Gradana
P2P lending platform for financing mortgage down payment |
— | — | Seed | Seed May 2019 | 19 | 2016 | — |
| 48 |
CashCash Pro
Online consumer loan comparison platform |
— | — | Series A | Series A Nov 2018 | 5 | 2018 | — |
| 49 |
Cashcash
Online lending platform |
— | — | Deadpooled | Series A Nov 2018 | — | 2017 | — |
| 50 |
DanaBijak
Operator of a 27-hole public golf course with amenities |
— | — | Seed | Seed Jul 2018 | 47 | 2015 | — |
Provider of a digital credit card with simplified fees and features. It offers a streamlined application process and manages card details through a dedicated app. The card aims to provide transparency by charging a single administrative fee, eliminating annual fees and other hidden charges. Payment flexibility is a key feature, allowing users to manage their payments according to their needs. Security is enhanced thr
App-based platform for consumer loans. It offers multiple loan products including online shopping financing providing shop now, pay later facilities, multi-purpose financing providing car loans, and more. The application is available on the Android and IOS platforms.
Microfinance P2P lending platform. It is an Indonesia-based P2P lending platform that connects micro-entrepreneurs and SMEs with investors. It allows individual as well as institutional investors to invest on their platform. The borrowers post the listing on the platform specifying the amount and the tenure for the loan. The lenders can browse and choose the desired listings.
Provider of supply chain digitization by ERP systems with embedded financing. Its ERP infrastructure captures proprietary transaction data that fuels the inventory purchase embedded financing. It serves traditional suppliers with an ERP system and traditional micro merchants with an Android app. Both suppliers and merchants are able to access embedded financing to purchase inventory. It has DFIs (including the IFC) a
P2P marketplace for business loans. It offers a platform that enables businesses to lend and borrow money with customized terms, amounts, and repayment options. It features multiple loan products including microloans, invoice financing, and more. Users must add the required details and apply for the loan. Once approved, the funds are transferred to the registered bank account.
Online marketplace for point of sale financing. It provides financing for multiple online/offline products including mobiles, laptops, electrical household appliances, and more. It enables users to make installment payments via credit/debit cards. The application is available on iOS and Android platforms.
Provider of a digital platform for home loan applications. It simplifies the home loan process by connecting homebuyers with banks and financial institutions. The platform offers features such as online application submission, instant pre-qualification, and assistance from agents throughout the process. It aims to make homeownership more accessible and efficient through technology. The platform also provides tools to
AdaKami provides an app-based platform for personal loans. Users can register via ID cards and personal documents. The app is available on iOS and Android devices.
Developer of a platforms offering credit score checks. Its platform contains advice, tools, and access to suitable financial products that enable users to improve their credit score and look up the status of installment payments, pay later loans, and credit cards.
Online P2P lending platform for business loans. It connects borrowers directly with the lenders. The borrowers apply on the platform and post-approval the loan application is displayed on a marketplace and lenders can choose from among these listings based on their criteria. Its app is available across Android and IOS platforms.
Provider of a consumer lending platform for financial applications. It provides users with a company that offers consumer-focused purchase financing, instant cash loans, and more. Loans can be accessed through an app-based platform that is available on iOS and Android devices.
Provider of an app-based platform for purchase financing. It enables users to make instalment payments for online/offline products at partnered stores. It also provides solutions to businesses for facilitating purchase financing. Its app is available on iOS and Android devices.
East Ventures
AC Ventures
Accion
MDI Ventures
500 Global
Alpha JWC Ventures
Inclusive Fintech 50
Mandiri Capital Indonesia
Central Capital Ventura
Gan Konsulindo
Accial Capital
BRI Ventures
Rankings are computed by Radar (Fliar BI) from the Radar company master and are updated periodically. Funding and momentum scores use disclosed equity-funding data only. Figures may lag private rounds. Last updated 2026-06-20.
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