Jenfi
Jenfi provides revenue-based financing for digital businesses in Asia
Founders
Not read from YC yet; the weekly run fills these in.
Same space
Adjacent
Overlapping tags, a different niche.
Rank (formerly Moni)W22Group Financing for small businesses across Africa.Shared: banking as a service, fintechActive
ParkerW19Parker is a digital bank.Shared: banking as a service, fintechInactive
WibondW22Affirm for LATAMShared: banking as a service, fintechActive
DecentroS20API Platform for Banking Integrations (Plaid for India and APAC)Shared: banking as a service, fintechActive
BankjoyW15An end-to-end digital banking solution for banks and credit unionsShared: banking as a service, fintechActive
Also from W20
Batchmates in Winter 2020.
BeGoW20BeGo Connects cargo shippers with truck suppliers in Mexico and USActive
delt.aiW20Digital banking for businesses in Latam.Acquired
EasyplanW20An AI-driven investment app for beginner investors in IndiaInactive
GuruHotelW20AI-native direct booking infrastructure for global hospitalityActive
HandlW20Handl converts documents (invoices, income stabs, custom forms, etc.)…Active
Medicare Vox (fka Fair Square)W20Building an AI Health Insurance Agent.Active
About Jenfi
We back growing digital businesses using revenue based financing. Many of growing businesses in Asia are highly "bankable" yet 50-70% are unable to obtain capital to grow their business. Having been business owners ourselves, we experienced firsthand the struggles of funding a business - from expensive equity options to loans that required personal guarantees. We went live in Singapore first to validate the product/market fit. We plan to expand across the APAC region.. Our sweet spot is backing repeatable business spend - expenses that leads to increased revenue. Our financing product allows businesses to keep growing with us over time. Over a third of our advances today are from repeat borrowers. We created a brand new asset class in Asia - offering flexible repayment options, such as tieing repayment with sales. Business owners LOVE this. Our automated financial technology platform ingests revenue and alternative data sources that gives us a proprietary edge in understanding the behavior of our borrowers. As we collect continuous data, we are able to offer better financial and technology solutions, while mitigating our downside risk. Funds are seamlessly deployed via our virtual Jenfi Wallet and MasterCard solution, giving borrowers flexibility to make payments while giving Jenfi real-time tracking of their spend. Recent coverage: https://techcrunch.com/2020/02/03/jenfi-wants-to-solve-small-business-lending-in-southeast-asia/
Singapore, Singapore
Jenfi: questions
Which YC batch was Jenfi in?
Jenfi was in Y Combinator's Winter 2020 batch (W20).
Is Jenfi still active?
Y Combinator lists Jenfi as active.
Where is Jenfi based?
Jenfi lists Singapore, Singapore as its location on YC's directory.
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