Here’s Honest! They’re an Indonesian fintech that lets locals register and apply for a credit card in just 5 minutes.

• Launched in 2023, they just raised fresh funding, bringing their total equity funding to $100M. 

Investor check. The growth round was led by Japanese credit card company Orico, while XYZ Venture Capital, SV Pacific Ventures, Village Global, and Gilgamesh Ventures also joined in. 

• Honest also received $40M in debt financing from Mizuho Bank. 

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💳 Be Honest

The Honest Mastercard lets cardholders access credit of up to IDR 100M (~$6K). 

How? Users just need to use the card regularly and complete the missions within the app. 

• Fees? They’ve only got one. If you can’t pay in full, you can simply pay the minimum amount with one fee. 
• Users can collect Honest Points for every purchase and exchange them for cashback.

A new look. Unlike traditional Mastercard credit cards, the Honest card is ‘numberless’. Users can view their credit card number and other details in the Honest app!

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😉 What’s next? 

They’ll use the funds to expand their credit card offerings to include corporate and co-branded cards.