ALAMI
ALAMI is a revolutionizing force in the Sharia financial industry, operating since 2018 with the aim of providing equal and direct access to financial information. Initially launched in 2019 as a sharia-compliant peer-to-peer lending platform for SME financing, the company has evolved into the world's first Sharia challenger bank based in Indonesia. It has gained recognition for disbursing over US$200 million for more than 8,500 SME financing transactions with a remarkable 0% default rate.
Amassing a slew of accolades, ALAMI has been honored as the World's Best Islamic P2P Lending Platform in 2020 by The Asset Triple A and World Islamic Finance Award (WIFA), and as The Best Islamic P2P Financing Platform Global 2021 and Best Fintech Financing Platform Indonesia 2021 by The Asset. Moreover, in 2022, ALAMI was included in the Honorable Mention List from Fast Company 2022 World Changing Ideas Award – Asia Pacific.
The startup has garnered significant attention from East Ventures, Intudo Ventures, Quona Capital, Golden Gate Ventures, and AC Ventures, who have all participated in its Series B investment in October 5th, 2023, signifying confidence and support from influential investors in the financial and fintech industries.
With Indonesia being the largest Muslim market globally, ALAMI is well-positioned to further expand its challenger banking platform, aiming to revolutionize the banking sector through a commitment to transparency, fairness, and social inclusion. The team, comprising young and dynamic finance professionals, shares a passion for growing the Islamic finance ecosystem.
The company expresses this vision through its slogan, Now-Hijra, encapsulating its ethos of revolutionizing Sharia financial services. ALAMI's hashtag #HijrahFinansial #ALAMISisiTerbaikmu signifies its dedication to empowering the financial prosperity of SMEs and fostering inclusivity in Islamic finance.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series B | Unknown | 5 | 05 Oct 2023 | |
Venture Round | Unknown | 1 | Paragon Beneva Investama | 20 Dec 2022 |
Series B | Unknown | 4 | 10 Oct 2022 | |
Funding Round | $7.90M | 1 | 01 Oct 2022 | |
Debt Financing | $30.00M | 1 | Lendable | 26 Apr 2022 |