NextFin Asia executes initial investment in Indonesian fintech Finfra
Financial inclusion platform NextFin Asia completed its first investment round into Indonesian fintech company Finfra funding white label embedded lending infrastructure across Southeast Asia
Luxembourg's House of Financial Technology (LHoFT) announced that Indonesian fintech Finfra is the first company to receive investment through its new fund, NextFin Asia. Finfra, a lending-as-a-service platform and participant in the LHoFT's Catapult: Inclusion SE Asia program, raised Series A extension funding from ADB Ventures in partnership with NextFin Asia.
The investment, alongside existing investors Cento Ventures and Accion Ventures, will support Finfra's growth, technology platform, and expansion into new markets. Finfra's platform simplifies lending for financial institutions, enabling them to reach more borrowers, including the underserved. The company's mission is to make lending infrastructure more accessible for small businesses in Southeast Asia that have traditionally been overlooked.
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