NextFin Asia makes first investment in Indonesia’s lending platform Finfra
ADB Ventures joins a Series A extension, giving the financial-inclusion initiative its first named investment after Finfra’s participation in its accelerator network.
Indonesia-based lending-technology company Finfra is the first startup to receive investment through NextFin Asia, an initiative combining a Southeast Asian fintech accelerator with investment opportunities through ADB Ventures. The Luxembourg House of Financial Technology announced on 30 October that the Asian Development Bank’s venture arm invested in a Series A extension alongside existing investors Cento Ventures and Accion Ventures.
Finfra provides infrastructure that lets lenders originate, underwrite, service and collect loans without building those operations from scratch. Its platform also lets other businesses add credit to their own customer journeys. LHoFT says the funding will strengthen the technology platform and support expansion into new markets.
The investment follows Finfra’s participation in Catapult: Inclusion SE Asia in 2024. That accelerator supports fintech companies working on financial inclusion through mentoring, market exposure and ecosystem connections. NextFin Asia was launched in February to add a dedicated capital route to that support.
The deal is an early example of an accelerator participant receiving investment through the initiative. For lenders and digital businesses, Finfra’s role is the infrastructure connecting a credit offer with loan operations. The new capital supports development of that capability and planned expansion. The announcement does not disclose the investment amount or name the next market.
