Indonesian fintech SkorLife raises $4m in seed funding

The funding aims to promote responsible borrowing and fair credit practices in Indonesia.

SkorLife, an Indonesia-headquartered financial technology company, has raised US$4m in a seed funding round steered by technology investor, Hummingbird Ventures.

Along with participation from QED Investors and existing investors such as investors AC Ventures and Saison Capital were also present in the funding, SkorLife shared in an announcement regarding its latest funding round.

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With the new capital, SkorLife plans to advance its product development, enhance brand visibility within the market, broaden its team, and overall drive the growth of the company.

"With the funds we've raised, SkorLife is poised to accelerate its mission of promoting responsible borrowing and fair credit practices in Indonesia. We are dedicated to driving financial literacy amongst individuals and communities.” SkorLife Co-founder and President Karan Khetan said.