Investree to launch Qatar lendtech hub following $231m Series D
B2B lending platform Investree, based in Jakarta, Indonesia, has raised $231 million in a Series D funding round led by Qatar’s JTA International Holding.
Investree closes $231m Series D, opens Doha hub
The round also saw participation from existing Japan-based investor SBI Holdings, and succeeds the platform’s $23.5 million Series C of March 2020, which was led by MUFG Innovation Partners and Bank Rakyat Indonesia Ventures.
As part of the round, Investree will establish a joint venture in the Qatari capital Doha with its lead investor, forming JTA Investree Doha Consultancy. According to the platform’s latest statement, the venture will seek to “bring innovative technology built in Indonesia to empower micro, small and medium enterprises (MSMEs) in Qatar, Middle East and Central Asia”.
Investree specialises in tailored peer-to-peer lending solutions and in connecting lenders to borrowers. Its core service suite includes micro productive and working capital term loans, buyer and invoice financing, and an artificial intelligence (AI)-based credit scoring service. The platform claims to have disbursed a loan value of around $88.57 million since it was founded in 2015.
