iGrow
iGrow is an OJK-licensed Indonesian peer-to-peer lending platform that connects urban individual funders with smallholder farmers, offering agricultural project financing in exchange for 12-18% lender returns and impact outcomes.
- Company typePrivate
- Founded2014
- HeadquartersDepok, Indonesia
- Headcount101–250
- GTM typeB2C
- OfferingSoftware
What iGrow does
iGrow (legal entity PT iGrow Resources Indonesia) operates a peer-to-peer lending platform that connects urban individual lenders with Indonesian smallholder farmers seeking working capital for agricultural production. Founded in 2014 and headquartered in South Jakarta, the platform enables funders to browse commodity-specific agricultural projects (spanning melon, citrus, patchouli, citronella, dairy, mushroom, charcoal, papaya, and others), commit capital to selected units, and receive margin distributions, while farmers access financing without traditional collateral requirements. The company received its formal P2P lending license from Indonesia's Financial Services Authority (OJK) on August 19, 2021 under POJK No. 10/POJK.05/2022, and is a registered member of AFPI.
The platform is delivered through a self-serve web interface at igrow.asia and native iOS and Android applications, with fund custody handled through OJK-compliant escrow and virtual account systems. Beyond capital provision, iGrow offers insured projects, regular photo and progress reporting, farmer training, and environmental monitoring, marketing a hybrid financial-and-impact value proposition to lenders seeking 12-18% average annual margins alongside social and environmental outcomes.
Revenue is generated primarily through transaction and platform service fees on the spread between lender returns and borrower costs. According to 2022 financial statements, the company reported approximately Rp 7.5 billion in revenue alongside an operating loss of Rp 12.1 billion, with Rp 653.9 billion cumulatively disbursed to 10,000+ farmers across 10,000+ hectares of farmland. Customer segments include individual urban lenders, individual smallholder farmers, and agricultural businesses/cooperatives, with go-to-market executed through product-led and community-led motions supported by a broad social media and content footprint.
iGrow firmographics
Firmographics- Name
- iGrow
- Legal name
- PT iGrow Resources Indonesia
- Website
- https://igrow.asia
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- iGrow is an OJK-licensed Indonesian peer-to-peer lending platform that connects urban individual funders with smallholder farmers, offering agricultural project financing in exchange for 12-18% lender returns and impact outcomes.
- Ownership category
- akta.pro rank
iGrow industry classification
Industry- Product category
- Agricultural Peer-to-Peer Lending Platform
- NAICS
- Farm Management Services (115116)
- SIC
- Agricultural Services (700), Agricultural Production-Crops (100)
- akta.pro primary industry
- Sustainable Agriculture & Food Systems Funds (FSANAJAE)
- akta.pro secondary industries
- Farm Finance, Input Procurement & Risk Tools (Budgeting, Inventory, Insurance Links) (AFAAAFAO), Carbon, Sustainability & MRV Services for Farms (Baseline, Monitoring, Reporting, Verification) (AFACACAK)
Keywords
Where iGrow is headquartered
LocationHeadquarters
- HQ city
- Depok
- HQ country
- Indonesia
- HQ region
- Asia
Offices1 record
Markets served
iGrow business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Operations, Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Others
Revenue model
- Transaction/Margin Fees: iGrow earns margins from agricultural funding projects. Lenders receive 12-18% average annual returns while the platform retains a portion of the margin spread. The platform charges fees to borrowers for facilitating the lending transaction.
- Platform Service Fees: Administrative fees for processing loan applications and facilitating P2P lending transactions between lenders and borrowers
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Outcome Based/ Performance | Pay-as-you-go | Lender returns of 12-18% average margin |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels11 records
iGrow product offering
Product offeringCore offering
iGrow operates an OJK-licensed peer-to-peer lending platform that connects urban funders with smallholder farmers across Indonesia for agricultural commodity financing. The platform facilitates project selection, fund disbursement, photo-based progress monitoring, and margin distribution to lenders who receive 12-18% average annual returns while farmers gain working capital without traditional collateral requirements.
Product overview
iGrow operates as a unified peer-to-peer lending platform focused on agricultural financing in Indonesia. The core offering consists of the iGrow Platform and Mobile App, which together enable funders to browse and fund agricultural projects (Proyek Pendanaan). The platform connects urban funders who have capital with farmers who need financing, facilitating project selection, fund disbursement, progress monitoring with photo and detail reports, and margin distribution. Users can register as either lenders (Pemberi Pendanaan) or borrowers/farmers (Penerima Pendanaan), with individual and business entity account options available.
Differentiator
Problem solved
Functional benefit
Products and services
- iGrow P2P Lending Platform OJK-licensed peer-to-peer lending platform that connects funders with farmers for agricultural commodity financing in Indonesia, facilitating project selection, fund disbursement, photo-based progress monitoring, insurance coverage, and margin distribution to lenders.
- iGrow Mobile App Native mobile application for iOS and Android that enables funders to browse agricultural commodity projects, fund selected projects, monitor progress, and receive margin distributions from a smartphone.
Quantifiable outcome
- 19.82% TKB90 loan repayment success rate
- +3 more outcomes
Companies that use iGrow
Customer profileNamed customers8 records
Segments3 records
Ideal customer profiles3 records
iGrow technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
iGrow partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor and core.
- PT. Fintek Karya NusantaraminorConnected entity appearing in company leadership structure alongside iGrow. Andreas Senjaya serves as shareholder/director in both entities.
- AFPI (Asosiasi Fintech Pendanaan Bersama Indonesia)coreRegistered member of Indonesian P2P Lending Fintech Association. Listed member on AFPI website as verified industry participant.
Scale indicators10 records
Recent moves6 records
Expansion highlights5 records
iGrow competitors and assessment
Company assessmentDirect peers
- Alami Sharia P2P: Indonesia's first Sharia-compliant P2P lending fintech serving SMEs including agriculture. Competes for similar lender/borrower segments within same OJK-regulatory framework.
- Komunal Indonesia: Indonesian OJK-licensed P2P lending platform focused on SME and productive sector lending. Operates under same licensing and business model, competing for rural/SME borrowers.
- Modalku (Funding Societies): Indonesian P2P lending platform serving SMEs, including agricultural businesses, operated by Funding Societies group. Competes for urban lenders and SME borrowers in same OJK-licensed marketplace.
- Akseleran: Indonesian OJK-licensed P2P lending platform offering business and productive lending including agriculture. Competes for both lender registrations and quality SME/farmer borrowers.
- TaniFund: Indonesian P2P lending platform focused exclusively on agricultural commodity financing, connecting funders with farmers. Closest direct competitor to iGrow in agri-P2P lending niche.
- Investree: Early Indonesian OJK-licensed P2P lending platform serving SMEs and agricultural borrowers. Direct competitor in Indonesian fintech lending space.
- KoinWorks: One of Indonesia's largest OJK-licensed P2P lending platforms serving SMEs including agricultural businesses. Competes directly for lender capital and borrower origination in Indonesian fintech lending market.
- Amartha: Indonesian OJK-licensed P2P lending platform focused on women micro-entrepreneurs in rural/underserved segments, including agricultural producers. Operates under same regulatory regime and similar rural fintech thesis.
Broad incumbents
- Bank Rakyat Indonesia (BRI) - Agro Unit: Indonesia's largest bank with extensive agricultural lending portfolio through its micro-banking network (BRI Agro). Represents the traditional incumbent approach to rural agricultural credit that iGrow complements digitally.
Others
- AFPI (Asosiasi Fintech Pendanaan Bersama Indonesia): Industry association of Indonesian P2P lending fintechs of which iGrow is a registered member. Not a competitor but a peer organization governing the sector standards and practices.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
iGrow social profiles
Digital presenceiGrow compliance and trust
Trust signalCompliance3 records
iGrow financial estimates
Financial estimateRevenue estimate
Valuation estimate
iGrow leadership team
Management profileNumber of profiles
Profiles2 records
iGrow funding detail
Funding detailFunding overview
Funding rounds3 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
iGrow M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about iGrow
What does iGrow do?
iGrow operates an OJK-licensed peer-to-peer lending platform that connects urban funders with smallholder farmers across Indonesia for agricultural commodity financing. The platform facilitates project selection, fund disbursement, photo-based progress monitoring, and margin distribution to lenders who receive 12-18% average annual returns while farmers gain working capital without traditional collateral requirements.
Is iGrow a public or private company?
iGrow is a private company. It is classified as venture growth investor backed and is currently operating.
When was iGrow founded?
iGrow was founded in 2014. It employs 101 to 250 people.
Where is iGrow based?
iGrow is headquartered in Depok, Indonesia, in the Asia region.
How does iGrow make money?
Two revenue lines are on record. Transaction/Margin Fees are the primary driver. The others are platform Service Fees.
Who are iGrow's main competitors?
Direct peers on record are Alami Sharia P2P, Komunal Indonesia, Modalku (Funding Societies), Akseleran, TaniFund, Investree, KoinWorks and Amartha. Bank Rakyat Indonesia (BRI) - Agro Unit is listed as a broad incumbent. AFPI (Asosiasi Fintech Pendanaan Bersama Indonesia) is listed as an others.
Does iGrow have an API?
No public API is recorded for iGrow.
What industry is iGrow in?
iGrow's product category is Agricultural Peer-to-Peer Lending Platform. Its primary akta.pro industry code is FSANAJAE, Sustainable Agriculture & Food Systems Funds, with a secondary code of AFAAAFAO, Farm Finance, Input Procurement & Risk Tools (Budgeting, Inventory, Insurance Links). Its NAICS code is 115116 and its SIC code is 700.