Indonesian peer-to-peer lending platform Investree has raised €220 million ($231 million) in Series D financing led by JTA International Holding in Qatar, with participation from Japanese online financial conglomerate SBI Holdings, which previously invested in the startup’s Series B and C rounds.
As part of the deal, Investree and JTA have established a joint venture in Doha, the capital of Qatar. The joint venture, called JTA Investree Doha Consultancy, will serve as a hub for Investree’s Middle East operations and provide digital lending services such as AI-powered credit scoring for small and medium-sized companies in the region.
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