Gradana Receives Pre Series A Funding from TryB Group, to Expand in Fintech Property Market

The p2p lending platform developer for fintech property, Gradana, today (5/29) announces pre series A funding from TryB Group. The nominal is undisclosed, but it's to be focused on product development and to intensify market penetration.

TryB Group's Principal, Herston Power said in his speech that Gradana has the potential to be the leading fintech property in Southeast Asia, starting from Indonesia. This service has been the answer for many financial properties, such as down payments, rents, renovations or long term products such as house ownership loans (KPR).

Gradana was built by two co-founders, Angela Oetama and William Susilo Junior. The startup has won some awards, the Best Fintech Startup representing Indonesia in ASEAN Rice Bowl Awards and 10 Best KPMG version P2P Lending Platform in Fintech Edge.

"In addition to the expansion plan, TryB investment funds will also be used to develop technology, related to the analytics-oriented credit scoring capabilities in projecting bad credit probabilities of the borrowers, resulting in scalable and reliable decision making of credit ownership or rental property in Gradana," Oetama said.

Currently, the company is offering some products, such as GraDP, GraSewa, and GraRenov. All is being developed for property business to be investable and affordable for public. Gradana platform also supports the property business ecosystem, including developers, agents, renovation and interior companies, investors, and banks; to have synergy.

- Original article is in Indonesian, translated by Kristin Siagian