Jakarta, Indonesia
ALAMI, founded in 2018, is a prominent player in the Financial Services, Fintech, and Lending and Investments sectors. Originating from Indonesia, it is recognized as the world’s first sharia challenger bank. Starting its journey in 2019 as a sharia-compliant peer-to-peer lending platform, it has remarkably disbursed over US$200 million across more than 8,500 SME financing transactions, maintaining an impressive 0% default rate.
The company has received significant accolades, including the title of World's Best Islamic P2P Lending Platform by The Asset Triple A and the World Islamic Finance Award (WIFA) in 2020, and various awards in 2021. It was also acknowledged in the Fast Company 2022 World Changing Ideas Award in the Asia Pacific category.
With plans to launch a comprehensive challenger banking platform, ALAMI aims to capitalize on Indonesia’s vast Muslim market, promoting transparency, fairness, and social inclusion. The recent Series B funding round on 05 October 2023, involving investors such as East Ventures, Intudo Ventures, Quona Capital, Golden Gate Ventures, and AC Ventures, underscores investor confidence in its mission to advance the Islamic finance ecosystem.
