Shariah P2P fintech Alami raises $20m in debt financing – FinTech Futures


Indonesian fintech, Alami Applied sciences, has raised $20 million in fairness and debt funding in a spherical led by AC Ventures and Golden Gate.

Alami CEO, Dima Djani

Alami provides Shariah compliant peer-to-peer financing for micro, small, and medium-sized companies.

It claims customers can arrange accounts in lower than three minutes, and funders can select “top quality” beneficiaries.

Alami provides a return on funding fee of 16-18%, and ensures compliance with the Indonesian Nationwide Shariah Board.

The agency goals to develop quickly into healthcare, farming, logistics, and groceries. Alami believes it has already distributed IDR 310 million ($21, 963.93) since launch.

It has lofty ambitions of distributing greater than IDR 1 trillion ($71 million), with a mean return fee of 15%.

The debt financing spherical, which additionally included investor Quona Capital, arrives a 12 months after the agency closed $1.5 million in seed money.

Associated: Grab leads $100m investment in Indonesian e-wallet LinkAja


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