Indonesia-based credit tech startup SkorLife announced Monday that it has raised a $2.2 million pre-seed funding round from a group of high-profile investors. 

AC Ventures participated in the round, along with Saison Capital and an all-star list of angel investors in Asia, SkorLife said in a statement.

The round’s angels include all the Co-Founders of OneCard (FPL Technologies), Jefferson Chen (, Willy Arifin (KoinWorks), Krishnan Menon (Lummo), Arip Tirta (Evermos), Harshet Lunani (Qoala), Achmad Zaky (Init-6), and several executives from Northstar Group, Stripe, Google, Boston Consulting Group, Gojek, and CreditKarma.

The fresh capital will be allocated to product development, making new hires, and driving awareness.

“SkorLife is the first-ever credit builder in Indonesia and while these are still early days, it is already a category-defining company. Our resolve is fortified and validated by the collective confidence of our early investors,

“With their networks and know-how, SkorLife is well-positioned to lead the charge of consumer credit in the nation. Through our service, individuals will be able to build and improve their credit profiles with features such as personalized tips and advice. We will also help bring more NTC users into the fold,” said SkorLife Chief Executive Officer Ongki Kurniawan.

SkorLife is a category builder in Indonesia’s credit technology sector. Co-founded by seasoned veterans Ongki Kurniawan and Karan Khetan, the company offers a credit builder application for people to access and monitor their credit scores, credit reports, and other relevant data from the nation’s credit bureaus – instantly and for free.

The firm aims to bolster financial literacy and inclusion in the country by having consumers take a more active role in building and maintaining their creditworthiness.

“We solve a genuine problem. We’ve collected feedback from hundreds of users, and we see a clear gap in the credit life cycle in Indonesia. SkorLife is truly the only consumer-focused,  free, instant, and mobile credit monitoring service,

“Currently, Indonesians are not aware of loans they have or plan to have relative to their creditworthiness. Access to the ‘right’ credit will be a big
part of the conversation moving forward. We believe SkorLife will be instrumental in driving financial literacy and inclusion in the nation,” said Khetan.

Currently, SkorLife has a headcount of 19 staffers, with plans to increase to 40. The first, private iteration of the app (alpha) has been downloaded more than 3,000 times and is growing by 50 to 60 new users per day, organically.

These private adoption stats surpassed SkorLife’s internal target by more than 7 times. The company will soon make its app available for download to the public.

“This opportunity in Indonesia is massive. Even as the space is relatively untapped, the consumer credit market size is already north of $185 billion. That said, it has always been a challenge here because lenders have never been able to draw truly holistic conclusions about borrowers based on limited and fragmented information,” said Adrian Li, Founder and Managing Partner of AC Ventures.

“But with these data troves just waiting to be unlocked and used meaningfully in a consumer-facing app, we are excited about SkorLife’s vision
and mission of putting people back in charge of their financial futures,

“We also believe in backing strong founders early on. The unfair advantages that Ongki and Karan bring to the table are what make AC Ventures so keen to be in SkorLife’s corner from the start,” he added.

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