Jenfi, a financial technology firm specializing in revenue-based financing for digital-native businesses, has successfully raised $6.6 million in a Pre-Series B funding round.
The round, led by Headline Asia, saw participation from several notable investors including Monk’s Hill Ventures, ICU Ventures, Granite Oak, Korea Investment Partners & Golden Equator Capital, Atlas Ventures, among others.
The additional funding will help Jenfi strengthen its position as a top fintech lender for emerging online businesses in areas such as e-commerce, SAAS, and consumer-tech.
“We are honoured to be backed by such a distinguished group of investors as we strive to push the boundaries of innovation in the fintech lending industry,” said Jeffrey Liu, Co-Founder and CEO of Jenfi. “This funding will enable us to expedite our vision for Jenfi and expand our offerings to a broader customer base across the region.”
Jenfi, the pioneer of “Growth Capital as a Service,” provides flexible funding options to digital-native businesses looking to scale. So far, it has deployed over $25 million to support the growth of more than 600 companies, thereby stimulating the digital economy.
With this latest funding, Jenfi intends to strengthen its market presence in Singapore, Vietnam, and Indonesia, and expand its reach to new markets across Southeast Asia. This move is set to bring its innovative financing solutions to a wider range of digital businesses, thus fostering the region’s digital economy.
Unlike traditional lenders, Jenfi is revolutionizing underwriting through automation and native integrations with various data sources. These include accounting software, payment gateways, eCommerce platforms, online marketplaces, and digital advertising.
This allows Jenfi to rapidly access, leverage, and continuously monitor the business activity and health of companies, obtaining real-time data on revenue growth and marketing ROI.
The new funding is expected to accelerate Jenfi’s technological development, enhancing the speed and accuracy of its credit underwriting and risk assessment capabilities.
Jenfi has been lauded by industry experts and clients. Aki Okamoto and Jonathan M. Hayashi, partners at Headline Asia, commended Jenfi’s technology, product, operation, and traction as superior to their peers. They expressed their excitement at supporting Jenfi’s future growth and scaling of its business. – BusinessNewsAsia.com