Taralite, a Jakarta, Indonesia-based P2P lending platform, raised US$6.3M in funding.
SBI Group made the investment.
The company intends to use the funds to build its R&D team to continue to develop new financial products.
Launched in 2015 and led by CEO Abraham Viktor, Taralite focuses on providing quick working capital to small online businesses With interest rate from 0.99% each month. The company has already partnered with such marketplaces & booking platform as Tokopedia, Bukalapak, Lazada, MatahariMall, and Airy Rooms and has served over 1,000 borrowers to date.