Investree Books 213 Billion Rupiah Funds from Accial Capital, Opening Series C2

Startups p2p loans Investree announces earnings “debt funding” amounting to $15 million (more than IDR213 billion) from debt investor Accial Capital. Confirmed directly to DailySocial, this is part of the ongoing round of the C2 series.

Investree Co-Founder & CEO Adrian Gunadi explained that the C2 series funding is expected to be completed in the first quarter of next year. In this round, Investree targets to be able to pocket funds consisting of debt and equity.

"We're chasing debt funding until the end of this year. There's another one coming soon closed. The [C2 Series Round] may be completed in Q1 2021," he explained, Friday (13/11).

Previous, C1 series has been announced in April 2020 with a total acquisition of $23,5 million led by MUIP (a venture subsidiary of Mitsubishi UFJ Financial Group) and BRI Ventures. Other participating investors are SBI Holdings and 9F Fintech Holdings Group.

Adrian continued, the company's relationship with Accial Capital actually started in 2017 as a company channeling. Now, further strengthened by funding debt. Accial also joined as one of the Actioncalendar institutions at Investree. In addition to Investree, Accial also provides debt funding to CloudCash announced in July 2020.

"Let's start channeling [with Accial], now deepened with debt funding because apart from Indonesia there are plans to go to the Philippines and Thailand. So funding this is for Investree Group, not only Investree Indonesia.”

In an official statement, it was explained that Accial Capital in 2017 partnered to fund a sub-segment of the SME loan portfolio. This credit facility provided by Accial Capital will provide financing to more Indonesian SMEs through Investree's various loan portfolios, including: invoice financing, buyer financing, working capital term loansand online seller financing.

Accial Capital CIO Michael Shum explained, Investree is the company's first investment in Indonesia and he is impressed with the developments and progress they have made since the first time in 2017.

“As a pioneer in loan financing with asset guarantees for companies in emerging markets, US-based Accial Capital became Investree's first foreign institutional lender 3 years ago and reaffirmed its commitment to the SME market in Indonesia.

Investree focuses on supply chain financing (supply chain financing) and began to transform its concept into a digital solution for SMEs right into its fifth year. The company began to enter the ecosystem of partners who have unique business fields that are able to open up greater opportunities to touch more targets.

One of them is women who play an important role in managing family finances. Here, Investree collaborates with Gramindo Berkah Madani, a savings and loan unit service cooperative that focuses on super micro financing.

As of September 2020, the company has facilitated loans of Rp. 7 trillion to 1.429 borrowers and has recorded around 120 lenders on its platform.