Indonesian fintech company, SkorLife, has secured a $4 million seed funding round led by Hummingbird Ventures with contributions from QED Investors, AC Ventures, and Saison Capital.
The credit tech startup aims to revolutionize the credit industry in Indonesia by offering a unique credit builder tool.
This allows users to instantly access their credit scores and reports from local credit bureaus, along with personalized advice to enhance their scores and credit access.
According to SkorLife’s Co-founder and CEO, Ongki Kurniawan, this capital will support product development, team expansion, brand awareness enhancement, and overall company growth.
AC Ventures’ Founder and Managing Partner, Adrian Li, emphasized SkorLife’s potential for addressing financial inequality and promoting financial fairness.
SkorLife’s Co-founder and President, Karan Khetan, underscored their mission to promote responsible borrowing and fair credit practices in Indonesia.
He noted the company’s dedication to fostering financial literacy, an area that has been largely overlooked in the region.
The company, co-founded by Ongki Kurniawan and Karan Khetan, has attracted hundreds of thousands of users since its launch in September last year.
SkorLife is also part of the Financial Planner regulatory sandbox, enabling it to test new business models and has received ISO 27001 and ISO 27701 certifications for its information security and privacy information management systems.