# PT iGrow Resources Indonesia

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pt-igrow-resources-indonesia

- Industry: Agribusiness
- Headquarters: Depok, Indonesia
- Website: www.igrow.asia
- Total disclosed funding: $0.1M
- Latest round: Seed (Jun 24, 2016)
- Investors on record: 2

## About

PT iGrow Resources Indonesia operates as a peer-to-peer lending platform focusing on agricultural financing, connecting lenders with borrowers to facilitate impactful and secure funding for agricultural projects.Founded in 2014 in Depok, Indonesia, PT iGrow Resources Indonesia specializes in agricultural financing through a peer-to-peer lending model. The company has completed a total of 3 deals, with the most recent deal dated April 29, 2021. In this deal, iGrow was acquired by PT Fintek Karya Nusantara, a portfolio company associated with several major investors, enhancing its operational capacity. The company has raised a total of USD 0.130 mn through its latest funding round, which was a Seed round led by 500 Global.iGrow is a licensed peer-to-peer (P2P) lending platform based in Indonesia, primarily focused on agricultural financing that is socially impactful, secure, and profitable. 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. iGrow’s offerings are designed to enhance the accessibility of funding in the agricultural sector, thereby promoting economic growth and sustainability. The platform serves a diverse clientele, including individual investors, small and medium-sized enterprises (SMEs), and non-governmental organizations (NGOs) engaged in agricultural development, primarily within Indonesia but also extending its services to other emerging markets in Southeast Asia.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. The company’s focus on agricultural lending aligns with its mission to foster social impact while ensuring financial returns for its stakeholders.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). The strategic vision includes leveraging the recent funding to accelerate growth and establish a stronger leadership presence in the financial sector.

## Funding rounds

- Seed, Jun 24, 2016 — 500 Global, East Ventures
- Seed, Dec 27, 2015, $0.1M — 500 Global

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- East Ventures (https://capitalatlas.ai/funds/east-ventures) — Seed