PT iGrow Resources Indonesia

The company has completed a total of 3 deals, with the most recent deal dated April 29, 2021. The platform connects individual and institutional lenders with borrowers in need of funds, facilitating loans specifically aimed at agricultural projects. This service addresses the challenges faced by farmers and agricultural entrepreneurs who often require capital for operational expenses, equipment purchases, and expansion efforts.Revenue generation for iGrow occurs through transaction fees and interest margins associated with the lending process on its platform. When a borrower secures a loan, they pay interest, which serves as the primary income stream for iGrow. The company charges a fee for facilitating each transaction, acting as a mediator between lenders and borrowers. This transaction structure enables both direct-to-consumer relationships with individual lenders and partnerships with organizations seeking to finance agricultural initiatives. The specifics of pricing plans related to transaction fees or interest rates are defined during the loan agreement process and vary based on individual borrower profiles and project requirements.Following the acquisition in April 2021, PT iGrow Resources Indonesia aims to expand its business line under PT Fintek Karya Nusantara's umbrella, focusing on enhancing financial inclusion and improving the welfare of the Indonesian populace through economic independence. While specific new product launches have not been detailed, the partnership is expected to enhance iGrow’s capacity to impact micro, small, and medium enterprises (MSMEs).

1. Seed

   Jun 24, 2016

   Amount

   Undisclosed

   Investors

   Locked

2. Seed

   Dec 27, 2015

   Amount

   $0.1M

   Investors

   Locked