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Tech in Asia (YC W15) is the largest English-language technology media company that focuses on Asia. From the latest news to the hottest trends and the boldest startups to the strongest titans, we cover everything tech in the region. Our goal is to build and serve Asia’s tech and startup community.

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<ul><li>Since 2015, Indonesia’s digital economy has grown 10x, reaching <a href="https://www.bain.com/insights/e-conomy-sea-2022/" target="_blank" rel="noopener">US$77 billion</a> in gross merchandise value. However, credit penetration remains low for individuals and businesses alike, with only 3% of Indonesians having a credit card.</li><li>Access to credit would allow businesses to boost customer adoption, among other things, and Indonesia-based fintech firm <a href="https://www.finfra.io/" target="_blank" rel="noopener">Finfra</a> is looking to fill this niche.</li><li>The startup has raised US$1 million to help make this happen.</li></ul>

Since 2015, Indonesia’s digital economy has grown 10x, reaching US$77 billion in gross merchandise value. However, credit penetration remains low for individuals and businesses alike, with only 3% of Indonesians having a credit card.Access to credit would allow businesses to boost customer adoption, among other things, and Indonesia-based fintech firm Finfra is looking to fill this niche.The startup has raised US$1 million to help make this happen.

Finfra Tops up with $1m to Enable Embedded Lending for Indonesian Firms