Skorlife founders Ongki Kurniawan and Karan Khetan. Image Credits:<\/strong> Skorlife<\/p>\n<\/div>\n

Kurniawan told TechCrunch that many Indonesians have limited access to fair credit because banks and financial institutions tend to be very conservative about approvals due to lack of a robust credit scoring infrastructure and data. As a result, low interest credit products, including credit cards, are usually only accessible to people with the highest credit scores, or super primes. On the other end, subprime lenders are served by peer-to-peer lending and buy now, pay later platforms, but those tend to have high interest rates.<\/p>\n

This leaves people in the middle, with prime or near-prime credit, who have good repayment histories but still don\u2019t make the cut for affordable credit products. Skorlife helps by giving Indonesian consumers access to their scores from Indonesian credit bureaus, along with personalized advice on how to improve them.<\/p>\n

Skorlife will work with local regulators as part of the OJK\u2019s regulatory sandbox, which gives it more flexibility to plan its business model. Its new funding will be used on product development, marketing and hiring.<\/p>\n<\/p><\/div>\n

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