Indonesian employment platform Pintarnya secures US$14 million credit facility

[SINGAPORE] Indonesian employment platform Pintarnya secured a US$14 million credit facility from January Capital’s Growth Credit Fund, it said on Wednesday (Jan 7).

This follows a US$16.7 million Series A round raised in August 2025 led by Square Peg, with participation from Vertex Ventures and East Ventures.

The credit facility along with the funding secured will be used to enhance the employment platform’s capabilities and expand access to financial services for blue-collar workers across Indonesia.

Glenn Chao, partner, credit at January Capital, said: “This investment in Pintarnya underscores January Capital’s commitment to supporting growth-stage companies that are scaling products and services in the Asia-Pacific region with flexible, non-dilutive credit solutions.”

The startup wanted to raise non-dilutive capital and chose to do so via debt financing instead of equity financing. The availability of debt capital is also a signal of Pintarnya’s financial strength and prospects, said co-founder Henry Hendrawan.

“This partnership with January Capital enables us to expand our financial services ecosystem sustainably while reinforcing our commitment to help underserved workers in Indonesia with improved access to responsible financial service products,” he said.

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Pintarnya currently serves more than 10 million users and 40,000 employers, with more than 100,000 job listings. The platform also partners digital and traditional lenders to provide access to financial services for its users.

More than 200,000 users have accessed credit via Pintarnya’s financial services network to fund needs such as healthcare, school tuition fees and business inventory.