Indonesia’s digital lending giant, Investree, is on the brink of clinching a significant series D funding, amassing up to €220m ($230.8m) via the establishment of a new joint venture based in Doha.

This financial milestone has been made possible through a collaborative effort with JTA International Holding, the front-runner in this funding round, according to a report from TechinAsia. Notably, Investree also garnered support from its existing investor, SBI Holding.

This strategic partnership will birth a new entity named JTA Investree Doha Consultancy. Serving as the nexus for Investree in the Middle East, the entity is poised to extend state-of-the-art digital lending solutions for SMEs. One of the standout services includes an advanced AI-powered credit scoring mechanism.

Delving into Investree’s core services, since its inception in 2015, the firm has been at the forefront of the digital lending domain, proffering a quartet of lending solutions tailored for MSMEs. Their comprehensive suite comprises invoice financing, working capital term loans, buyer financing, and the much-acclaimed micro productive loans. Their track record is a testament to their prowess, with a whopping $916.3m in loans disbursed as of the current month.