Pintarnya, an online platform offering job search and financial services in Indonesia, has raised 16.7 million dollars (approximately 213 billion soms) in a Series A funding round, TechCrunch reported.
The investment round was led by Square Peg, with other participants including Vertex Venture Southeast Asia & India and East Ventures. The platform was founded in 2022 by Ghirish Pokardas, Nelly Nurmalasari, and Henry Hendrawan.
Pintarnya provides workers not only with jobs but also with opportunities to obtain fair and secure loans. The platform has digitized job searching using artificial intelligence and developed healthy financial services.
About 59 percent of Indonesia's 150 million workforce is employed in the informal sector. They cannot access financial services due to the lack of official income documentation.
Pintarnya addresses this problem through collateral-based loans. For example, gold, electronics, or vehicles are accepted as collateral.
Since the initial investment in 2022, Pintarnya has served over 10 million job seekers and more than 40 thousand employers. The platform's revenue has increased fivefold annually.
The Pintarnya audience mainly consists of users aged 21 to 40 with secondary or college education. They represent a large part of Indonesia's working population.
Besides job searching, Pintarnya also offers remote training courses, convenient microloans, and additional income sources. The goal is to become a reliable digital companion for Indonesian workers.
With the new investment, Pintarnya plans to develop its technological platform and expand financial partnerships. Afterwards, the company also aims to enter the regional market.
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