ALAMI

What ALAMI does

ALAMI (legally PT Alami Fintek Sharia) is an Indonesia-based, OJK-licensed peer-to-peer lending platform that connects individual and institutional funders with Indonesian micro, small, and medium enterprises (MSMEs) seeking sharia-compliant financing. Founded in 2017 and headquartered in Jakarta, the platform facilitates four core financing products — invoice financing, purchase order financing, supply chain financing, and business capital financing — using multiple sharia contract types (Wakalah bil Ujrah with Qardh, Musyarakah, Musyarakah Mutanaqisah, Musyarakah Muntahiya Bittamlik, Murabahah, and Hawalah bil Ujrah), each aligned with DSN-MUI fatwas. The platform is fully digital, accessible via iOS/Android mobile apps and web, with end-to-end onboarding through e-KYC, electronic contract signing via DigiSign, and segregated fund management through escrow accounts, virtual accounts, and RDF fund accounts held with BNI. ALAMI also holds ISO 27001:2022 certification for information security.

As of its public disclosures, ALAMI has disbursed Rp 5.66T (~US$353M) in cumulative financing across 1,981 MSME beneficiaries and serves 11,595 active funders, with a TKB90 success rate of 97.75%. The company monetizes through a 1–5% marketplace fee charged to borrowers at disbursement (plus 11% VAT), a 1% per annum service fee charged to individual funders since March 2024, and facilitation of 12–20% per annum ujrah returns between funders and beneficiaries. Through its majority-owned subsidiary Hijra Bank, ALAMI has expanded beyond P2P lending into digital banking via the Bank Hijra mobile app (launched December 2022), and in February 2025 it signed its first international partnership with Flutterwave and Nigeria's NITDA. The company is privately held and has raised approximately US$75M+ across multiple funding rounds from East Ventures, Quona Capital, EV Growth, Intudo Ventures, ParagonCorp, AC Ventures, Golden Gate Ventures, FEBE Ventures, Lendable, Capria Ventures, Endeavor Indonesia, tryb Group, and Agaeti Venture Capital.

ALAMI is led by co-founder and CEO Dima Djani and co-founder & COO Harza Sandityo, with Amrullah Tahad serving as Chief Culture Officer. The company employs 51–100 staff and operates under the ALAMI Group, which also encompasses the Hijra Bank subsidiary, the ARQAM platform, and the ALAMI Institute educational arm focused on Islamic finance literacy. FY2024 financial disclosures show net revenue from services of Rp 17.057 billion (~US$1.07M), total assets of Rp 16.909 billion, total equity of Rp 13.474 billion, and profit after tax of Rp 1.985 billion, indicating a profitable but early-stage revenue base relative to the platform's cumulative disbursement volume and the size of its investor backing.

Name

ALAMI

Legal name

PT Alami Fintek Sharia

Website

https://alamisharia.co.id

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

51–100 employees

Short description

ALAMI is an OJK-licensed, Sharia-compliant peer-to-peer lending platform based in Jakarta, Indonesia, that connects individual and institutional funders with MSMEs seeking halal invoice, purchase order, supply chain, and business capital financing under DSN-MUI-compliant contracts.

Ownership category

akta.pro rank

Product category

Sharia-compliant Peer-to-Peer Lending

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Other Financial Vehicles (52599), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Mortgage Bankers & Loan Correspondents (6162), Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH)

akta.pro secondary industries

Islamic SME & Commercial Banking (FSABAGAB), Islamic Transaction Banking (Cash Management & Treasury Services) (FSABAGAF), Shariah Governance, Compliance & Advisory (Shariah Boards, Audit, Fatwa) (FSABAGAJ), Islamic Investment Banking & Capital Markets Services (FSABAGAG)

Keywords

• Sharia-compliant lending
• Peer-to-peer financing
• MSME working capital
• Islamic fintech platform
• Invoice financing services

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Marketplace Fee (from Beneficiaries): ALAMI charges beneficiaries (borrowers/MSMEs) a marketplace fee ranging from 1% to 5% of the principal financing amount, plus 11% VAT on the fee. This is charged at disbursement and is the primary source of revenue from the lending side.
2. Service Fee (from Funders): A service fee of 1% per annum is charged to individual funders on the nominal funding amount per project, plus 11% VAT on the service cost. Applied since March 25, 2024. Defaulted projects exempt from service fees.
3. Ujrah (Return) on Financing: Funders receive returns (ujrah) on their financing, ranging from 12% to 20% per annum of principal financing. ALAMI facilitates these returns between funders and beneficiaries under sharia contracts. Income tax of 15% (Indonesian citizens with NPWP) or 20% (foreigners) is withheld at source.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

ALAMI operates a Sharia-compliant peer-to-peer lending platform (LPBBTI) in Indonesia that connects individual and institutional funders with MSMEs seeking financing. The platform facilitates four core financing products — Invoice Financing, Purchase Order Financing, Supply Chain Financing, and Business Capital Financing — under multiple Sharia contracts (Wakalah bil Ujrah, Musyarakah, Murabahah, MMBT, Hawalah). Through its stake in Hijra Bank, ALAMI has expanded into digital banking with the Bank Hijra mobile application.

Product overview

ALAMI operates as a Sharia-compliant P2P lending platform (LPBBTI) that has expanded to include digital banking services. The core platform offers four financing products: Invoice Financing, Purchase Order Financing, Supply Chain Financing, and Business Capital Financing. The ecosystem includes complementary services such as RDF (Funder's Fund Account) for transaction management, Escrow Account for fund holding, and Virtual Account for payment processing. Through its stake in Hijra Bank, ALAMI expanded into digital banking with the Bank Hijra mobile application. All services operate under Sharia principles with various akad types including Musyarakah, Murabahah, Wakalah bil Ujrah, and Qardh, regulated by DSN-MUI fatwas and supervised by OJK.

Differentiator

Problem solved

Functional benefit

Products and services

• ALAMI P2P Lending Platform Sharia-compliant peer-to-peer lending platform that connects funders with MSMEs seeking financing across Indonesia. Operates fully online via mobile app and web, with e-KYC onboarding, TKB90 tracking (97.75% success rate), escrow and virtual account infrastructure, and electronic contract signing via DigiSign.
• Invoice Financing

Quantifiable outcome

• TKB90 97.75% — above industry average for P2P lending success rate
• +4 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature5 records

Partnerships

Six partnerships are on record, tiered minor and core.

• FlutterwaveminorStrategic or Co-development Partner · 25 February 2025Flutterwave signed an MoU with ALAMI and Nigeria's NITDA to accelerate digital transformation in Nigeria. The partnership was announced in February 2025 as part of cross-border digital ecosystem initiatives.
• NITDA (National Information Technology Development Agency)minorStrategic or Co-development Partner · 24 February 2025NITDA, Nigeria's primary IT development agency, partnered with Flutterwave and ALAMI through an MoU to boost digital transformation efforts in Nigeria. Announced February 2025.
• Bank Syariah Indonesia (BSI)minorStrategic or Co-development Partner · 13 August 2021ALAMI partnered with Bank Syariah Indonesia as part of its digital banking expansion strategy. BSI is Indonesia's largest sharia bank formed from the merger of three state-owned sharia banks.
• BNI (Bank Negara Indonesia)coreTechnology or IntegrationALAMI partners with BNI for the Funder's Fund Account (RDF). BNI issues RDF accounts to ALAMI users enabling fund transfers, top-ups, and withdrawals. RDF withdrawals are processed via BNI with a 1x24 hour settlement (Monday-Friday, 09:00-18:00 WIB).
• DigiSigncoreTechnology or IntegrationDigiSign is ALAMI's electronic signature service provider, licensed under KEMENKOMINFO and OJK regulations. Both funders and beneficiaries use DigiSign for digital contract signing (Akad) during the funding process.
• ARQAMminorOthersARQAM is referenced as a related platform/entity under the ALAMI Group. ARQAM website (alamisharia.co.id/) serves as an alternate entry point to ALAMI's services.

Scale indicators7 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Amartha: Indonesia-headquartered P2P lending platform focused on micro and small enterprise financing, including Sharia-compliant products. Highly comparable to ALAMI in customer segment (Indonesian MSMEs) and marketplace model.
• KoinWorks: Indonesian P2P lending and financing platform serving SMEs with multi-product funding. Competes directly with ALAMI for both MSMEs and individual funders in the same regulatory regime (OJK).
• Funding Societies | Modalku: Southeast Asia's largest SME digital financing platform operating in Indonesia (Modalku), Singapore, and Malaysia. Directly comparable P2P marketplace serving SMEs with similar funder/borrower dynamics.
• Investree: Indonesia-licensed OJK P2P lending platform offering invoice financing, working capital, and SME financing. Direct competitor in product mix and regulatory positioning.
• Mekar: Indonesian P2P lending platform focused on micro and small enterprises, including Sharia offerings. Comparable in target customer profile (underserved MSMEs) and marketplace structure.
• DanaRupiah: Indonesian OJK-licensed P2P lending platform offering short-term financing to MSMEs. Direct competitor in the same regulatory category and target borrower segment.

Broad incumbents

• Bank Syariah Indonesia (BSI): Indonesia's largest Sharia bank formed from merger of three state-owned Sharia banks and a direct partner of ALAMI. Operates broadly across Islamic banking, deposit-taking, and SME financing, overlapping with ALAMI's Sharia MSME finance proposition.
• Akulaku: Indonesia and Southeast Asia fintech operating consumer credit, digital payments, and virtual credit card products. Adjacent incumbent serving similar Indonesian consumers/SMEs with credit-led products.
• Tunaiku (Bank Amar Indonesia): Indonesian digital lending product from Bank Amar targeting unbanked and underbanked consumers and micro-businesses. Comparable in serving credit-underserved Indonesians through a fully digital channel.

Emerging players

• Wahed Invest: Global Sharia-compliant digital investment platform operating across multiple geographies. Comparable as a Sharia fintech serving Muslim retail investors with returns-generating products, although it is investment rather than P2P lending focused.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCRzMaXeWQphTxZCwZinbXmg
• Facebookfacebook.com/alamisharia
• LinkedInlinkedin.com/company/alamisharia
• Instagraminstagram.com/alamisharia
• Xx.com/alamisharia

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds12 records

Investors14 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ALAMI