ALAMI is a peer-to-peer lending platform that connects individual funders with small businesses seeking financing, utilizing a fully online process compliant with Islamic finance principles. The platform addresses the challenge of limited access to capital for small enterprises by facilitating secure, sharia-compliant funding options, having disbursed over Rp 5.94 trillion since its inception.
Funding
$154.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Small businesses often struggle to access financing due to stringent requirements and limited availability of capital, hindering their growth and potential. Traditional financing options may not align with the principles of Islamic finance, creating a gap for businesses seeking Sharia-compliant funding.
Solution
ALAMI is a peer-to-peer (P2P) lending platform that connects investors with small and medium-sized enterprises (SMEs) seeking Sharia-compliant financing. The platform streamlines the financing process through a fully online system, providing a convenient and accessible avenue for SMEs to obtain capital. By adhering to Islamic finance principles, ALAMI offers an alternative funding solution that aligns with specific ethical and religious guidelines. The platform facilitates secure transactions and promotes financial inclusion by connecting funders with businesses in need of capital.
Target Audience
ALAMI primarily targets SMEs seeking Sharia-compliant financing and individual or institutional funders interested in supporting these businesses through P2P lending.
Features
- Online platform for direct connection between funders and SMEs
- Sharia-compliant financing options adhering to Islamic principles
- Automated funder and SME matching
- Digital application and approval process
- Real-time monitoring of financing performance
- Secure online transactions and data protection
- User-friendly interface for both funders and SMEs