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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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Private Capital Markets

<ul><li><a href="https://alamisharia.co.id/en" target="_blank" rel="noopener">Alami</a>, 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.</li><li>Founded in 2018, Alami is a peer-to-peer lender that provides invoice financing to MSMEs in Indonesia.</li><li>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.</li></ul>

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.

ParagonCorp Arm Pours Funding into Indonesian Shariah Fintech Firm