Skor Technologies, an Indonesia-based company behind Skorlife and Skorcard, raised US$6.2 million in a pre-series A funding round.

The round was led by Argor Capital, with contributions from QED Investors, Saison Capital, and Digital Currency Group.

This funding brings the company’s total capital to over US$12 million.

The new funds will help scale operations and expand Skorcard’s user base, aiming to reach 2 million credit card users and US$100 million in transaction volume by 2025.

Skorcard uses gamification and an exclusive mobile app for user engagement, generating over US$10 million in annualized spending in its first year. Meanwhile, Skorlife, its credit education platform, has been downloaded over 2 million times.