Cicil

Supply Chain Financingcicil.co.id

Cicil is a Jakarta-based fintech founded in 2016 that operates a digital financing platform providing accessible, fast supply chain and working capital loans to Indonesian businesses, SMBs, and consumers. The self-serve platform operates within Indonesia's USD 8.6 billion BNPL and consumer credit market.

Company typePrivate
Founded2016
HeadquartersJakarta, Indonesia
Headcount51–100
GTM typeB2B
OfferingServices

What Cicil does

Cicil is an Indonesia-based fintech company founded in 2016 that operates a digital financing platform targeting businesses and individuals requiring capital for supply chain operations. The platform positions itself as an easy and fast alternative to traditional financing channels, addressing the difficulty and complexity Indonesian businesses face in obtaining working capital. Cicil operates within Indonesia's BNPL and consumer credit market, which is estimated at USD 8.6 billion and projected to reach USD 13.59 billion by 2030.

The company's core product is a single, unified digital financing solution accessible through its self-serve platform at cicil.co.id. The platform serves as a horizontal solution for business supply chain participants, including SMBs and individual consumers, who need accessible financing for working capital and supply chain activities. The go-to-market model is direct-to-customer via the digital platform, with no disclosed enterprise sales motion or channel partnerships.

Cicil's business model is based on providing financing solutions—likely generating revenue through interest income, origination fees, or spread on loans—though specific pricing models and revenue mechanics are not publicly disclosed. The company has raised seed and Series A funding from East Ventures, Vertex Ventures, Accord Ventures, Ethos Partners, and K3, and participated in Google Launchpad Accelerator in 2017. The company is headquartered in Jakarta, Indonesia, with 51-100 employees, and co-founded by Leslie Lim.

Cicil firmographics

Firmographics

Name: Cicil
Website: https://cicil.co.id
Company type: Private
Founded year: 2016
Operating status: Operating
Headcount range: 51–100 employees
Short description: Cicil is a Jakarta-based fintech founded in 2016 that operates a digital financing platform providing accessible, fast supply chain and working capital loans to Indonesian businesses, SMBs, and consumers. The self-serve platform operates within Indonesia's USD 8.6 billion BNPL and consumer credit market.
Ownership category
akta.pro rank

Cicil industry classification

Industry

Product category: Supply Chain Financing
NAICS: Sales Financing (522220), Sales Financing (52222)
SIC: Personal Credit Institutions (6141), Miscellaneous Business Credit Institution (6159)
akta.pro primary industry: Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P) (FSAGAAAF)

Keywords

Supply chain financing
BNPL services
Consumer lending
Digital lending platform
Fintech financing

Where Cicil is headquartered

Location

Headquarters

HQ city: Jakarta
HQ country: Indonesia
HQ region: Asia

Markets served

Cicil business model

Business model

GTM type: B2B
Offering type: Services
Cost components: Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Distribution channels1 record

Marketing channels1 record

Cicil product offering

Product offering

Core offering

Cicil provides digital financing solutions that support business supply-chain activities in Indonesia. Per its Indonesian description, the platform offers "Solusi Pembiayaan untuk Kegiatan Rantai Pasok Bisnis yang Mudah dan Cepat" — financing for business supply-chain operations that is easy and fast to access. The company is categorized under FinTech, BNPL, and Consumer Lending.

Product overview

Cicil is a single unified fintech platform providing financing solutions specifically designed for business supply chain activities. Operating in Indonesia's buy-now-pay-later and consumer credit market, the platform offers easy and fast access to financing for supply chain operations.

Differentiator

Problem solved

Functional benefit

Products and services

Cicil financing platform Digital financing platform that provides financing solutions for business supply-chain activities, positioned within Indonesia's FinTech BNPL and consumer credit market.

Companies that use Cicil

Customer profile

Segments1 record

Ideal customer profiles1 record

Cicil technology and API

Technology

Technology focussed Yes

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Cicil partnerships and signals

Strategic signal

Scale indicators1 record

Recent moves4 records

Expansion highlights3 records

Cicil competitors and assessment

Company assessment

Direct peers

Atome: BNPL platform operating across Southeast Asia including Indonesia. Direct competitor in pay-later financing with similar merchant- and consumer-facing proposition.
Akulaku: Leading Southeast Asian BNPL and consumer fintech platform with strong Indonesia presence. Competes head-to-head with Cicil in consumer credit, virtual cards, and digital lending.
Kredivo: Indonesian BNPL and digital credit platform offering pay-later and personal loan products to consumers and SMBs. Directly comparable to Cicil in geography, customer base, product category (BNPL/consumer credit), and digital-first GTM.
Julo: Indonesia-licensed digital lending platform providing cash loans and credit products to consumers. Comparable to Cicil in target market, regulatory regime, and product category.
Kredit Pintar: Indonesia-focused mobile lending app offering cash loans to consumers. Comparable to Cicil in target customer, distribution channel (mobile-first), and credit product.
Indodana: Indonesian digital lending platform offering cash loans and pay-later products. Closely comparable to Cicil in market, product mix, and digital distribution.

Regional players

Tunaiku (Bank Amar): Indonesian digital lending platform from Bank Amar offering unsecured personal loans. Comparable as a domestic competitor in Indonesian consumer credit, though bank-backed with different funding structure.

Broad incumbents

Home Credit Indonesia: Established multinational consumer finance provider operating in Indonesia. Comparable in consumer credit product category, with broader regional footprint and deeper capital base than Cicil.
GoTo (GoPayLater / GoPintar): Indonesian super-app ecosystem offering BNPL and lending products through GoPayLater/GoPintar. Comparable as a competitor in Indonesian BNPL but with vastly larger distribution and balance sheet.
Shopee PayLater: BNPL product embedded in Shopee's Indonesia e-commerce platform. Indirect competitor in the BNPL space with massive merchant and consumer reach that could overshadow Cicil.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

Cicil financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Cicil leadership team

Management profile

Number of profiles

Profiles1 record

Cicil funding detail

Funding detail

Funding overview

Funding rounds3 records

Investors7 records

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

Cicil M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about Cicil

What does Cicil do?

Is Cicil a public or private company?

Cicil is a private company. It is classified as venture growth investor backed and is currently operating.

When was Cicil founded?

Cicil was founded in 2016. It employs 51 to 100 people.

Where is Cicil based?

Cicil is headquartered in Jakarta, Indonesia, in the Asia region.

Who are Cicil's main competitors?

Direct peers on record are Atome, Akulaku, Kredivo, Julo, Kredit Pintar and Indodana. Tunaiku (Bank Amar) is listed as a regional player. Broad incumbents are Home Credit Indonesia, GoTo (GoPayLater / GoPintar) and Shopee PayLater.

Does Cicil have an API?

No public API is recorded for Cicil.

What industry is Cicil in?

Cicil's product category is Supply Chain Financing. Its primary akta.pro industry code is FSAGAAAF, Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P). Its NAICS code is 522220 and its SIC code is 6141.