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CICIL is a Jakarta fintech offering supply chain financing, letting SMEs access working capital against invoices and purchase orders.
Businesses submit invoices or purchase orders as collateral, which CICIL assesses before disbursing funds quickly. Founded in 2016 and headquartered in Jakarta, Indonesia, the company is at the Series A stage. It raised USD 1.295 mn in its Series A round, led by investors including CyberAgent Capital, Golden Gate Ventures, Incubate Fund and TBS Innovation Partners, for a current valuation of USD 5.32 mn. Its revenue comes from interest on loans, which can reach up to 14% per annum.
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