Alami Group’s senior management / Photo credit: Alami Group
Alami Group, a Jakarta-based Islamic fintech firm, is returning to growth mode after laying off employees last month.
The firm, which counts online lender Alami and digibank Hijra Bank as subsidiaries, has secured an undisclosed amount of new funding in a round led by Intudo Ventures.
The company calls the fundraise as a “growth investment round.” It follows a pre-series B round led by East Ventures in 2022, a year after closing its US$37.5 million series A fundraise.
Alami Group CEO Dima Djani said that in addition to scaling and expanding, the firm will use the funds to launch new offerings such as Hijra Home Financing, a mortgage product.
Funding details
- Funding amount: Undisclosed
- Lead investor: Intudo Ventures
- Other investors: East Ventures, Quona Capital, Golden Gate Ventures, AC Ventures
- Stage: Growth investment round
The company has also added several new faces to its team.
Ade Fauzan, former board member and head of business development at local bank BTPN Syariah, has been appointed as COO. Meanwhile, Dian Triansyah Djani, the Indonesian ambassador to the United Nations, has joined as an advisor.
CEO Djani noted that Hijra Bank’s transaction volume has increased 3x since December 2022, when it pivoted into a digibank. In the first quarter of 2023, Alami Group had disbursed over US$367 million across 11,400 MSMEs throughout Indonesia.
See also: Indonesia’s ascent to the top of global Islamic fintech faces obstacles
More details
ALAMI Sharia→ |
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