The online lending platform raised $23.5m for the first close of a series C round that was co-led by BRI Ventures and MUFG Innovation Partners.

Banking firms Bank Ragyat Indonesia (BRI), Mitsubishi UFJ Financial Group (MUFG), 9F Group and SBI Holdings have contributed $23.5m for the first tranche of Indonesia-based lending marketplace Investree’s series C round.

BRI and MUFG co-led the round through respective venture capital arms, BRI Ventures and MUFG Innovation Partners, while 9F Group and SBI invested directly.

Founded in 2015, Investree has developed an online peer-to-peer lending platform aimed at small-to-medium enterprises (SMEs). It hosts both conventional and sharia-compliant financial systems, the…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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