Taralite is an online lending platform for SMEs. The company offers loans for merchants registered on e-commerce platforms.
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.
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.
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Federal Loans, Yogakshemam
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DATE OF LAST FUNDING:
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.