Taralite

Taralite (Acquired/Merged)

  • FOUNDING YEAR: 2015
    LOCATION:
    Indonesia
    REGION:
    Last Update:
    18 Oct, 2019
    Global presence:
    Indonesia
    Company priority:
    In fund-raising mode.

Description

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:
Viewable by subscribers only
MAIN CLIENTS:
Retail customers
EXISTING PARTNERSHIPS:
Federal Loans, Yogakshemam

PEOPLE

MEDICI analysts will analyze Taralite soon

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$6.3 Millions
DATE OF LAST FUNDING:
May 2017
TOTAL FUNDING COMMENT:
The company is planning to use the funding to build a world-class R&D team that would build an algorithm for its future plan.
FUNDING SERIES:
SERIES A
$6.3 Millions Closed: May 2017
LISTED:
NO

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