Jenfi, a revenue based-finance provider, has announced that it has raised $6.3 million in a Series A round led by Monk’s Hill Ventures. Other participants include Korea Investment Partners and Golden Equator Capital, 8VC, ICU Ventures, and Taurus Ventures.
Some of Jenfi’s Series A will be used to develop more integrations for its proprietary risk assessment engine, which analyzes how efficiently companies use their growth spending.
Company: Jenfi Pte Ltd
Raised: $6.3M
Round: Series A
Funding Month: August 2021
Lead Investors: Monk’s Hill Ventures
Additional Investors: Korea Investment Partners and Golden Equator Capital, 8VC, ICU Ventures, and Taurus Ventures
Company Website: https://jenfi.com/
Software Category: a revenue based-finance provider
About the Company: Liu launched Jenfi with Justin Louie in 2019, after seeing how traditional financial institutions were lagging behind Southeast Asia’s digital boom. Jenfi works primarily with “digital-native” companies, including SaaS providers and e-commerce sellers. Some of its clients include Tier One Entertainment, Pay With Split, and Homebase.
Source: https://techcrunch.com/2021/08/16/revenue-based-financing-startup-jenfi-raises-6-3m-to-focus-on-high-growth-southeast-asian-companies/