Meet Skorlife! This Indonesian fintech helps Indonesians open credit cards and take out loans by keeping tabs on their credit scores, and they just raised a $4M seed.
Investor check. The round was led by Hummingbird Ventures. QED Investors, AC Ventures and Saison Capital also joined in.
Most Indonesians can’t access fair or low-interest credit. Why? There isn’t a strong credit scoring infrastructure (or much tracking data) in Indonesia. So, financial institutions are extremely conservative about approvals — even for credit cards.
They’re forced to use high-interest alternatives, like P2P lending, BNPL platforms, or worse, informal creditors. Yikes!
👓 Keep the score
Skorlife lets Indonesian consumers access credit scores from national credit bureaus so they can fast-track their financial goals.
📲Don’t just track. Get better! Skorlife doesn’t just give access to credit scores, they also give tips to build credit.
🔮 What the future holds?
Skorlife will use the $$$ to hire new talent and market their services.
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