Key Takeaways
- • Finfra, an Indonesian lending-as-a-service startup, secured an investment from ADB Ventures through NextFin Asia as part of its Series A extension, with undisclosed size, per LHoFT's Friday announcement.
- • The deal is the first investment from NextFin Asia, a fund launched in February 2026 to back fintech firms in LHoFT's Catapult: Inclusion SE Asia accelerator.
- • Existing investors Cento Ventures and Accion Ventures also participated in Finfra's Series A extension.
- • PT Akulaku Capital Indonesia (ACI) received OJK approval to become a non-operating financial conglomerate holding company, announced October 29.
- • ACI will control Bank Neo Commerce, Akulaku Finance Indonesia, Pintar Inovasi Digital and PT Inovasi Kredit Indonesia, with share acquisitions from Akulaku Silvrr Indonesia still pending.
Summary
Indonesian lending-as-a-service startup Finfra has secured an investment from ADB Ventures through NextFin Asia, according to an announcement by Luxembourg House of Financial Technology (LHoFT) on Friday. The investment forms part of Finfra's Series A extension and includes participation from existing investors Cento Ventures and Accion Ventures. The companies did not disclose the investment size. LHoFT said the capital will support Finfra's business expansion, technology development and entry into new markets.
The transaction marks the first investment from NextFin Asia, a partnership between LHoFT, ADB Ventures (the venture capital arm of the Asian Development Bank), and Luxembourg's Ministry of Foreign and European Affairs, Defence, Development Cooperation and Foreign Trade. Launched in February 2026, the fund backs early-stage technology companies working to improve financial inclusion across Southeast Asia. Finfra took part in LHoFT's Catapult: Inclusion SE Asia accelerator programme in 2024 before receiving the investment. Founded in 2022, Finfra provides lending infrastructure that lets financial institutions and digital platforms launch and manage credit products without building their own lending operations, covering loan origination, underwriting, servicing, collections, risk analytics and access to institutional funding.
Separately, PT Akulaku Capital Indonesia (ACI), part of Akulaku Group, has received approval from Indonesia's Financial Services Authority (OJK) to become a non-operating financial conglomerate holding company, the company said in a statement on October 29. Under the planned structure, ACI will be the parent and controlling entity of Bank Neo Commerce (BNC), Akulaku Finance Indonesia (AFI), Pintar Inovasi Digital (PID) and PT Inovasi Kredit Indonesia (IKI). The approval is part of the group's effort to reorganise its financial services entities under OJK Regulation No. 30/2024 on Financial Conglomerates and Financial Conglomerate Holding Companies.
As a non-operating holding company, ACI will not offer financial products or services directly to the public. Its role will include coordinating governance, risk management and capital management across the group. Mukti Wibowo, president director of ACI, said the company will "strengthen coordination and the integrated implementation of governance and risk management." ACI will next proceed with acquiring shares in BNC, AFI, PID and IKI, currently held by Akulaku Silvrr Indonesia, under applicable procedures. The OJK approval alone does not mean the acquisitions have been completed. Once finalised, the structure will place the group's banking, financing and digital lending businesses under a single holding structure, which Akulaku says is intended to improve coordination and expand access to financial services in Indonesia.
The transaction marks the first investment from NextFin Asia, a partnership between LHoFT, ADB Ventures (the venture capital arm of the Asian Development Bank), and Luxembourg's Ministry of Foreign and European Affairs, Defence, Development Cooperation and Foreign Trade. Launched in February 2026, the fund backs early-stage technology companies working to improve financial inclusion across Southeast Asia. Finfra took part in LHoFT's Catapult: Inclusion SE Asia accelerator programme in 2024 before receiving the investment. Founded in 2022, Finfra provides lending infrastructure that lets financial institutions and digital platforms launch and manage credit products without building their own lending operations, covering loan origination, underwriting, servicing, collections, risk analytics and access to institutional funding.
Separately, PT Akulaku Capital Indonesia (ACI), part of Akulaku Group, has received approval from Indonesia's Financial Services Authority (OJK) to become a non-operating financial conglomerate holding company, the company said in a statement on October 29. Under the planned structure, ACI will be the parent and controlling entity of Bank Neo Commerce (BNC), Akulaku Finance Indonesia (AFI), Pintar Inovasi Digital (PID) and PT Inovasi Kredit Indonesia (IKI). The approval is part of the group's effort to reorganise its financial services entities under OJK Regulation No. 30/2024 on Financial Conglomerates and Financial Conglomerate Holding Companies.
As a non-operating holding company, ACI will not offer financial products or services directly to the public. Its role will include coordinating governance, risk management and capital management across the group. Mukti Wibowo, president director of ACI, said the company will "strengthen coordination and the integrated implementation of governance and risk management." ACI will next proceed with acquiring shares in BNC, AFI, PID and IKI, currently held by Akulaku Silvrr Indonesia, under applicable procedures. The OJK approval alone does not mean the acquisitions have been completed. Once finalised, the structure will place the group's banking, financing and digital lending businesses under a single holding structure, which Akulaku says is intended to improve coordination and expand access to financial services in Indonesia.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.