# PT. Progo Puncak Grup

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pt-progo-puncak-grup

- Industry: Financial Services
- Headquarters: Surabaya, Indonesia
- Website: www.pinjamwinwin.com
- Latest round: Seed (Apr 8, 2019)
- Investors on record: 2

## About

PT. Progo Puncak Grup develops and operates a digital platform for peer-to-peer lending, connecting borrowers with lenders while streamlining loan transactions without traditional banking intermediaries.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. James Susanto serves as the CEO of the company, guiding its operations and growth strategies.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 primarily serves the consumer market, targeting individuals and small businesses seeking quick access to funds, as well as investors looking for competitive returns on their capital. The company operates in several geographical markets, including Southeast Asia and select regions in Europe, ensuring a diverse client base comprised of both urban and rural users.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. While specific pricing plans for their products are not disclosed, the structure of their operations suggests a clear pathway for revenue generation from both borrowers and lenders interacting within their platform.In April 2019, PT. Progo Puncak Grup raised an undisclosed amount of Seed funding from new investors SOSV and HAX. The company plans to utilize this funding to develop new product features designed to enhance user experience on its platform. Additionally, PT. Progo Puncak Grup is targeting expansion into new markets within Southeast Asia and selected regions in Europe by the end of 2023.

## Funding rounds

- Seed, Apr 8, 2019 — SOSV, HAX

## Investors

- SOSV (https://capitalatlas.ai/funds/sosv) — Seed
- HAX — Seed