PT. Progo Puncak Grup

PT.Founded in 2014 in Surabaya, Indonesia, PT. Progo Puncak Grup specializes in financial technology, facilitating peer-to-peer lending. The company has made one notable deal, with the most recent transaction occurring on April 8, 2019.Pinjamin offers a suite of innovative financial solutions designed to facilitate peer-to-peer lending and borrowing. Their core product is a digital platform that connects individual lenders with borrowers, allowing for streamlined loan transactions that eliminate traditional banking intermediaries. This platform is equipped with advanced algorithms that assess borrower creditworthiness and match them with suitable lenders based on risk profiles and loan terms.Pinjamin generates revenue through transaction fees associated with loans facilitated on its platform. The company's business model incorporates a mix of direct-to-consumer and B2B transactions, wherein individual borrowers pay a fee based on the loan amount and duration. For example, a borrower might take out a loan for a specific term, with a predetermined fee structure that adjusts according to the risk level of the transaction. Additionally, Pinjamin may have partnerships with financial institutions and other service providers that enhance its offering, creating further revenue streams through collaboration.In April 2019, PT. Additionally, PT. Progo Puncak Grup is targeting expansion into new markets within Southeast Asia and selected regions in Europe by the end of 2023.

1. Seed

   Apr 8, 2019

   Amount

   Undisclosed

   Investors

   Locked