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Pinjam Indonesia is a technology company which provides an online platform for pawnshop. Pinjam Indonesia is initiated in December 2014 and began operations on April 14, 2015 in the Greater Jakarta area. We provide an immediate cash solution without a face-to-face process by offering pick-up and delivery services. We accept various collateral in the form of motorcycles, cars, laptops, mobile phones, tablet PCs, cameras, gold jewelry. Our technology allows us to provide our customer a real-time online valuation which helps our customers to receive the value estimation for their collaterals before their official application. They will also have opportunity to select a flexible loan time frame from a week to twelve weeks. Currently we also develop secured loans concept, which guarantees the storage of goods covered by insurance, which can be withdrawn by the customers, whenever they need with no fee or interest from our team. We also had developed our products into secured loans by doing pawn-sharing concepts, and continue on the micro lending using alternative scoring model. Weve been developing our product into Digital Lending Platform in order to widen our market reach and served the unserved market in Indonesia. Our vision is empowering business.
Pinjam is an Indonesia-based online platform which offers loans against collateral. Its online real-time valuation technology helps the borrowers receive a valuation estimation for their collaterals before they officially apply for the loan. The platform has a focus on small businesses and migrant workers. The company is registered with the Financial Services Authority (OJK).
PRODUCTS & SERVICES
The platform offers online loans against collateral to individuals and small businesses. The platform offers a flexible repayment schedule on a weekly interest basis. It accepts various collaterals like golds, diamonds, jewellery, electronic items, mobile phones, laptops, cameras, and motorbikes, etc. It also offers capital leases to businesses. The business loans have a typical approval time of 2-3 days, with upto 85% of the collateral value being offered as the loan amount.
The company earns revenue by charging an interest on the loan amount. It charges 1.75% flat monthly interest to business borrowers.
Retail borrowers and small businesses.
Am bank Group
Teguh B Ariwibowo
Romeo B.S. Reijman
NUMBER OF EMPLOYEES
DATE OF LAST FUNDING
TOTAL FUNDING COMMENT
The company is planning use its funds to hire talent, develop technology, product, mobile app, as well as to expand throughout Java and Bali. (Jun. 2018)
SERIES A · --- · Jun 2016
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