P2P financing platform Investree raises Series C, with $23.5m in first tranche

© Investree

Indonesia’s Investree closes key funding amid Covid-19 crisis; is applying for licenses in Thailand and the Philippines in regional expansion

Indonesian P2P lending platform Investree has raised a Series C round of funding, starting with a $23.5m first tranche co-led by Mitsubishi UFJ Financial Group Innovation Partners (MUIP), the VC arm of MUFG, and BRI Ventures, the newly minted corporate VC arm of state-owned bank BRI. Investree CEO and co-founder Adrian Gunadi said on April 8 that the funds would be used to expand the business in Indonesia and maintain Investree’s position as a market leader in the P2P lending industry. This includes introducing new services such as electronic invoicing and also its collaboration with Mbiz...
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Edited by Bernice Tang, Matt Stanley

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