Indonesia-based start-up Pintarnya has secured $16.7 million in a Series A funding round, led by Australian venture capital firm Square Peg, to further integrate financial services into its employment platform.
Image: Pintarnya
The round included participation from existing backers Vertex Venture Southeast Asia and India, and East Ventures, building upon the $6.3 million seed funding the company raised in 2022.
Founded in 2022 by Nelly Nurmalasari, Ghirish Pokardas, and Henry Hendrawan, Pintarnya connects blue-collar workers with job and part-time revenue opportunities, e-learning options, and asset-backed financial services through its mobile application.
The platform provides secured loans using collateral such as electronics, gold, or vehicles. Leveraging AI technology, Pintarnya has grown to serve over 10 million job-seekers and 40,000 employers across Indonesia.
In an interview with TechCrunch, Hendrawan said the fresh capital will fund enhancements to the platform’s technology, and be used to expand its financial service offerings through strategic partnerships. The company plans to introduce micro-savings and investment products in collaboration with unnamed partners in the near future.
“In five years, we see Pintarnya as the go-to super app for Indonesia’s workers, not just for earning income, but as a trusted partner throughout their life journey,” Hendrawan told TechCrunch. “We want to be the first stop when someone is looking for work, a place that helps them upgrade their skills, and a reliable guide as they make financial decisions.”
Source: https://www.fintechfutures.com/
