Taralite

lendingonline loans

STATUS: Acquired/Merged
FOUNDING YEAR: 2015
LOCATION: Indonesia
Last Update: 19/01/2021

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About

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MEDICI Analysis

Taralite is an online lending platform for SMEs. The company offers loans for merchants registered on e-commerce platforms.

Focus

PRODUCTS & SERVICES

Taralite offers a P2P lending platform that enables users to raise money for life events like weddings, house renovations, children's education, business loans, travel & Umrah, vehicle loans, housing loans, etc. It offers affordable loans to the underbanked community with an interest rate of 0.99% per month.

REVENUE MODEL

Interest revenue, P2P arrangement fee, contracts by the government

MAIN CLIENTS

Retail customers

EXISTING PARTNERSHIPS

Federal Loans

Yogakshemam

PRIMARY PROBLEM SOLVED

We manage to give out >USD5mio loans to the underserved people across 20 cities in Indonesia with fully automated instant credit approval while retaining a <0.4% Non-performing Loans ratio

INTELLECTUAL PROPERTY

Patent(s) NOT_FILED

company provided insights

Traction

COMPANY TYPE:

For Profit

REVENUE

$100k - $499k

REVENUE COMMENT:

We are the #1 player for online merchant lending segment in Indonesia

ACTIVE USERS:

2000

company provided insights
Acquisitions

M&A

ACQUIRED BY

OVO

ANNOUNCED DATE

Mar 2019

PRICE

---

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

11,156

AVERAGE VISITS (6 MONTHS)

38,347.67

MONTHLY VISITS GROWTH

-12.8%

VISIT DURATION

923

VISIT DURATION GROWTH

648.87%

PAGE VIEWS VISIT

3.04

PAGE VIEWS VISIT GROWTH

42.57%

BOUNCE RATE

37.81%

BOUNCE RATE GROWTH

-29.65%

GLOBAL TRAFFIC RANK

1,287,504

MONTHLY RANK CHANGE

-464,975

MONTHLY RANK GROWTH

-26.53%

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Taralite

About

Taralite is a FinTech company focusing on alleviating financial worries out of the underserved people in the world. It started in Indonesia, where there are more than 150 million people that are under-served by the banks. It has 2 key objectives it seeks to achieve: 1) Developing the best Profiling Engine for the underserved segment and 2) Implementing blockchain technology to all Government data depository. Taralite believes that if those 2 goals are reached, Indonesia will achieve democracy in its economy where people that previously were unreached or mis-priced by the financial institutions will get what they should fairly get.

Focus

PRODUCTS & SERVICES

Working capital for online merchants Blockchain solution for government services

REVENUE MODEL

Interest revenue, P2P arrangement fee, contracts by the government

TOP PROBLEM SOLVED

We manage to give out >USD5mio loans to the underserved people across 20 cities in Indonesia with fully automated instant credit approval while retaining a <0.4% Non-performing Loans ratio

PRODUCT DEVELOPMENT STAGE

V2.0 or BEYOND

PRODUCT DEVELOPMENT COMMENT

Proprietary profiling engine that is used in credit, insurance, and wealth management business

KEY DIFFERENTIATORS

It's a proven profiling engine that is already validated by a 3rd party insurance company insuring our loans against 100% default risk

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

Small and Medium Business - Physical Retail

Small and Medium Business - Online Retail

Small And Medium Business - Other

Consumer

PRODUCT ATTRIBUTES

SaaS

Customer facing

Traction

ANNUAL REVENUE:

$100k - $499k

REVENUE COMMENT:

We are the #1 player for online merchant lending segment in Indonesia

ACTIVE USERS/ACCOUNTS:

2000 Million

LIVE USERS/TRANSACTIONS:

Yes, in live production

CHANNEL STATUS

MULTIPLE CHANNELS

NUMBER OF CLIENTS OR PAYING CUSTOMERS

2000

People

NUMBER OF EMPLOYEES

11-50

KEY EMPLOYEES:

employee: Abraham Viktor(CEO)

TEAM COMMENT:

.

INVESTORS:

CyberAgent Ventures

GEPI

Harun Hajadi

SBI Group

Momentum

FUNDED

YES

TOTAL FUNDING:

$6.3 M

LISTED

NO

FUNDING SERIES

SERIES A  · $6.3 M  · May 2017