In today’s briefing:
- ParagonCorp Arm Pours Funding into Indonesian Shariah Fintech Firm
ParagonCorp Arm Pours Funding into Indonesian Shariah Fintech Firm
- Alami, an Indonesia-based Shariah fintech startup, has secured an undisclosed amount in a capital injection from Paragon Beneva Investama, an investment arm of local cosmetics firm ParagonCorp.
- Founded in 2018, Alami is a peer-to-peer lender that provides invoice financing to MSMEs in Indonesia.
- The company has disbursed over 3 trillion rupiah (over US$191 million) to fund over 10,000 MSME projects across various strategic sectors in the country.
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