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- Investree
Investree Funding, Investors & Competitors
Investree has raised $255M across 2 funding rounds, most recently a $231M Series D in October 2023.
Last Investree funding round
$231M
Series D · Oct 2023
Cumulative funding Investree raised
$255M
across 2 funding rounds
Key investors in Investree
SBI Holdings
MUFG Innovation Partners
BRI Ventures
JTA International Investment Holding
About Investree
Investree is a peer-to-peer lending marketplace for small and medium enterprises. Jakarta-headquartered and licensed by Indonesia's OJK since 2015, it operates in conventional and Shariah-compliant models, extending working capital loans through institutional and retail funders. The platform partners with e-procurement gateways and payment providers for borrower origination in Indonesia, Thailand, and the Philippines. Investree employs 175 staff regionally.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Commission
Investree Funding History
Investree has raised a total of $255M across 2 funding rounds.
Investree's first fundraising round was a $24M Series C in April 2020. The most recent completed round was a $231M Series D in October 2023.
Investree funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Oct 2023 | Series D | JTA International Investment Holding (lead); SBI Holdings | $231M | Investree is an Indonesian B2B peer-to-peer lending platform licensed by the Financial Services Authority (OJK) for conventional and Shariah-compliant financing, founded in 2015 in Jakarta. It connects SMEs with working capital from retail and institutional lenders via technology and data, using a B2B acquisition model through partnerships with e-procurement and payment gateways. The platform offers products like invoice financing, working capital term loans, buyer financing, and micro productive loans, disbursing 15 trillion rupiah in loans to 94,000 borrowers, mostly SMEs across Indonesia. In its Series D round around October 2023, Investree raised approximately $230-231 million led by Qatar's JTA International Investment Holding, with participation from SBI Holdings (previously in Series B and C). This followed a $23.5 million Series C in 2020 led by MUFG Innovation Partners and BRI Ventures. The total funding across nine rounds exceeded $250 million. Post-round, Investree and JTA launched JTA Investree Doha Consultancy in Qatar as a joint venture for Middle East expansion, providing digital lending, AI-powered credit scoring, and SME solutions. The funding supported Investree's international growth, including prior expansions to Thailand and the Philippines in 2021, and plans for further regional presence. JTA Investree Doha offers AI credit scoring using traditional and non-traditional data, SME business solutions like POS and inventory management, and financial advisory for capital access in Middle East, Africa, and Asia. By 2024, Investree faced regulatory challenges when OJK revoked its license due to failing minimum equity of 7.5 billion rupiah amid fraud allegations against co-founder Adrian Gunadi, requiring shutdown, debt settlement, and liquidation. It had facilitated over $230 million in funding since inception, serving over 1,000 SMEs with strong asset quality initially. |
| Apr 2020 | Series C | BRI Ventures (lead); MUFG Innovation Partners (lead) | $24M | Investree is Indonesia’s leading B2B marketplace lending platform connecting lenders with SMEs seeking personal or business loans, fully licensed by the Financial Services Authority of Indonesia (OJK) for conventional and Shariah businesses. Established in 2015, it focuses on B2B acquisition through partnerships with e-procurement platforms and payment gateways to source and verify borrowers. By 2020, Investree had expanded regionally to Thailand via a joint venture and the Philippines through a partnership with Filinvest Development Corporation, and acquired a minority stake in Lippo-backed e-procurement startup Mbiz. On April 8-9, 2020, Investree announced the first tranche of its Series C funding round, securing $23.5 million co-led by BRI Ventures and MUFG Innovation Partners, with participation from existing investors including 9F Fintech Holdings Group and SBI Holdings. Previous funding included Series B from Mandiri Capital Indonesia, Persada Capital, Endeavor Catalyst, and Kejora Ventures. The funds were earmarked to accelerate operations in Indonesia, Thailand, and the Philippines, support regional SMEs, and bolster working capital. Investree's CEO Adrian Gunadi noted discussions for a potential second tranche had begun earlier that year. The platform emphasized technology and data to provide working capital solutions from retail and institutional lenders. Later developments included a Series D round in 2023 ($231M from JTA International and SBI Holding) and total funding reaching $280M, with a reported valuation of $1-1.4B by 2024, though not tied to the 2020 round. |
Who has invested in Investree?
4 investors have backed Investree across its funding rounds, including SBI Holdings, MUFG Innovation Partners, BRI Ventures and JTA International Investment Holding.
Lead investors include JTA International Investment Holding, BRI Ventures and MUFG Innovation Partners.
Investree Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | Apr 2020 | ||
| 1 | Lead | Apr 2020 | ||
This data is available for Pro users. Sign up to see all 4 Investree investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialInvestree Competitors
Investree competitors include listed companies like Rocket Companies, Copart and RB Global, and private ones like Avant, Faire and OfBusiness.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $6.3B | $1.4B | $36B | 5.0x | ||
| Private | - | - | $2B | - | ||
| Publicly listed | $4.6B | $1.9B | $27B | 4.9x | ||
| Publicly listed | $4.6B | $1.4B | $16B | 4.1x | ||
| Private | $500M | - | $5.2B | 10.4x | ||
| Private | $2.1B | - | $4B | 1.9x |
Investree Public Comps
Investree is still privately-owned, but its public comps include Recruit Holdings, Uber, Booking Holdings, Airbnb, Prosus, DoorDash, Carvana, Meituan, Rocket Companies and Expedia.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $24B | $4B | 6.4x | 6.0x | 37.9x | 25.2x | |||
| $52B | $6.2B | 3.0x | 2.8x | 24.9x | 14.6x | |||
| $27B | $8.3B | 4.9x | 4.6x | 15.9x | 12.4x | |||
| $12B | $2.4B | 7.2x | 6.5x | 36.3x | 18.2x | |||
| $9.7B | $1.1B | 9.1x | 8.0x | 83.8x | 123.7x | |||
| $14B | $1.5B | 6.0x | 4.9x | 55.8x | 23.7x | |||
| $20B | ($110M) | 3.7x | 2.9x | (691.4x) | 27.7x | |||
| $54B | ($2.2B) | 0.9x | 0.8x | (21.4x) | 162.4x | |||
This data is available for Pro users. Sign up to see all Investree competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Investree
| When was Investree founded? | Investree was founded in 2015. |
| Where is Investree headquartered? | Investree is headquartered in Jakarta, Indonesia. |
| Is Investree publicly listed? | No, Investree is a private, VC-backed company. |
| How much funding has Investree raised? | Investree has raised $255M across 2 funding rounds. |
| What was Investree's last funding round? | Investree's last funding round was a $231M Series D in October 2023, led by JTA International Investment Holding. |
| Who are Investree's investors? | Investree's investors include MUFG Innovation Partners, BRI Ventures, SBI Holdings and JTA International Investment Holding. |
| Which companies are comparable to Investree? | Companies comparable to Investree include Rocket Companies, Avant, Copart, RB Global, Faire and OfBusiness. |
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