Press Release - 4 Minutes to Read

ALAMI Raises Growth Investment and Strengthens its Senior Management Team

JAKARTA, INDONESIA, October 05, 2023 – ALAMI Group, an Islamic financial technology ecosystem consisting of sharia-compliant peer-to-peer lending (ALAMI P2PL) and digital Islamic bank (Hijra Bank), today announced the completion of a growth investment round led by Indonesia-only venture capital firm Intudo Ventures, alongside existing investors East Ventures (Growth fund), AC Ventures, Quona Capital, and Golden Gate Ventures, among others. The round, which closed amidst a tough market environment, serves as a testament to ALAMI’s resilient business model and unique market positioning. This round is geared towards scaling ALAMI’s product and operations, expediting expansion, and fortifying our team in alignment with the company’s strategic growth plan.

Starting as a Sharia-based fintech P2P licensed by the Financial Services Authority (OJK), ALAMI has evolved significantly into a full suite of financial products and services adhering to everyday faith-based needs. Founded by Dima Djani, Harza Sandityo, and Bembi Juniar, ALAMI initially focused on MSMEs, disbursing over US$367 million in 11,400 projects. In 2021, ALAMI acquired the only Islamic State Bank in Jakarta, transforming it into Hijra Bank, a fully digital entity, and obtained the Classification of Payment Service Provider (“PJK Category 1”) from Central Bank, as well as mobile banking from OJK.

ALAMI Group CEO, Dima Djani, said: “Since we launched the Hijra Bank App in December 2022, its transaction volume has tripled, and its user base has doubled. In 2022, the bank achieved a remarkable 200% year-on-year increase in profit, with a 220% rise in third-party funds and nearly 200% growth in assets. Additionally, financing distribution expanded by 200% compared to 2021. With this investment, we will continue to accelerate growth and broaden Hijra Bank’s user base, as well as product adoption by introducing new products such as Hijra Home Financing and other upcoming products designed to meet our customers’ everyday banking needs.”

Alongside the round, ALAMI also announced a number of high-level additions to the team. The first is Ade Fauzan taking the helm as COO for the group. Ade is a seasoned banker, having spent over 20 years within Indonesia’s Islamic banking industry, with his last position as a Board Member and Head of Business Development of BTPN Syariah, as well as CEO of BTPN Syariah Ventura, the corporate venture capital of BTPN Syariah.

The second addition is Dr. Dian Triansyah Djani as advisor. Dr. Djani is an experienced diplomat, having represented Indonesia as Permanent Ambassador to the United Nations, as well as served as G20 Co Sherpa. His global network will be beneficial as ALAMI explores international expansion.

Additionally, Dan Bertoli and Vincent Yunnaraga are joining the team as board members and head of finance, respectively. Dan and Vincent together led and managed all deals of Quona’s most recent fund for Southeast Asia. “Dan and Vincent are professionals of the highest integrity who always adhere to regulations and best practices in Indonesia and Singapore. They bring impressive, authentic professional backgrounds, and will raise the standards of ALAMI as a global-class financial organization,” added Dima.

“As the world’s largest Muslim-majority nation, Indonesia’s Muslim consumers aspire for financial solutions catered to their unique religious needs and sensitivities. Through its innovative suite of Sharia-compliant banking and financial products and services, ALAMI offers a reliable and secure way for Muslims to safeguard and grow their financial assets. We’re excited to support ALAMI in their endeavors,” said Patrick Yip, Founding Partner at Intudo Ventures.

ALAMI stands as the world’s leading vertically integrated Islamic financial technology platform founded by Dima Djani, Harza Sandityo, and Bembi Juniar, the company launched in 2018 and is headquartered in Jakarta, Indonesia.

The platform holds licenses for both peer-to-peer lending and Hijra Bank, Jakarta’s sole Islamic state bank, having secured the Classification of Payment Service Provider (“PJK Category 1”) from the Central Bank, as well as mobile banking approval from OJK.

By the first quarter of 2023, the Group had disbursed over US$367 million across 11,400 small and medium enterprises throughout Indonesia. Since 2020, ALAMI has embedded sustainability into its daily operations, as reflected in its Impact Report. ALAMI prioritizes Halal and Sustainable Financing, constituting 35% of our portfolio, alongside a Neutral Portfolio (38%), Carbon Emission Portfolio (11%), and High Carbon Portfolio (16%)—underscoring our commitment to sustainable financing.

The company’s vision is to be the preferred platform for everyone, providing innovative Sharia-compliant fintech and banking solutions that empower communities and foster equality. The collective efforts have earned the company several prestigious awards and recognitions, including Best P2P Financing Platform, Best Global Islamic Fintech Lending Platform, Excellence Award for Islamic Fintech Innovation, Top 100 Startups in Asia Pacific, World-changing Idea Asia Pacific, and Best Company to Work for in Indonesia by HR Asia.

For further details, please visit our website at

About Intudo

Intudo Ventures is the only VC firm that exclusively invests in Indonesia.

Intudo manages US$300M+ in assets across 3 funds and acts as the “Indonesia-beachhead” strategy for many of the top financial institutions, funds, and family offices in the world, coupled with a hyperlocal network of 30+ diversified conglomerates/families in Indonesia.

The firm invests in Indonesian homegrown companies led by best-in-class Pulkam S.E.A. Turtle and local founders in the agriculture, B2B & enterprise, education, finance & insurance, health & wellness, logistics, and new retail & entertainment sectors. Intudo portfolio companies include Xendit, Pintu, Pinhome, Halodoc, Kargo, iSeller, PasarPolis, Nalagenetics, and more.

For more information, please visit

Contact Person:
Ryan Sakti
Head of Corporate Affairs, ALAMI
WA: +628112657167 | E: [email protected]


Bayu Suryo Wiranto

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