Skor Technologies
Overview
Skor Technologies is a fintech startup based in Jakarta Selatan, Indonesia, founded in 2022 by Ongki Kurniawan and Karan Khetan. The company focuses on enhancing financial inclusion and credit access through innovative technology and data-driven solutions. By leveraging its products, SkorLife and Skorcard, the company aids Indonesian consumers in managing their credit profiles. Recently, Skor Technologies secured USD 6.2 million in a pre-Series A funding round, accumulating a total of over USD 12 million to date. This financial injection will primarily support their operational scaling and user base expansion strategies.
Recent Developments
- January 2025: Skor Technologies raised USD 6.2 million in a pre-Series A funding round, primarily led by Argor Capital. This round included existing investors like QED Investors and Saison Capital as well as new partner Digital Currency Group. The funds aim to bolster the launch of their Skorcard, a digital-first credit card.
- March 2024: Skorcard was launched, a digital-first credit card in collaboration with Bank Mayapada International, aimed at increasing credit card penetration in Indonesia.
- May 2023: The company raised USD 4 million in seed funding led by Hummingbird Ventures, with QED Investors and returning partner AC Ventures. This round facilitated the development of the Skorlife credit management application.
- April 2023: SkorLife achieved milestones such as ISO 27001 and ISO 27701 certifications and approval from Indonesia's OJK regulatory sandbox, validating its innovative credit solutions.
- August 2024: Utilized GenAI to reduce customer service costs by 50%, focusing on delivering efficient and personalized customer support in credit management.
- February 2024: Partnered with Bank Mayapada to introduce the Mayapada Skorcard, targeting Indonesia's tech-savvy young borrowers to enhance credit access via gamified and personalized credit card services.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2022 |
| Headquarters | Jakarta Selatan, DKI Jakarta, Indonesia |
| Founders | Ongki Kurniawan, Karan Khetan |
| Revenue | Undisclosed |
| Profits | Undisclosed |
| Key Investors | Argor Capital, QED Investors, Saison Capital, AC Ventures |
| Industry | Financial Services, Fintech |
| Number of Employees | 11-50 |
Early History
Skor Technologies began its journey in 2022 with the vision to disrupt Indonesia's credit landscape by enhancing transparency and accessibility of credit scores and financial data. The founders, Ongki Kurniawan and Karan Khetan, recognized the challenges faced by Indonesian consumers in accessing credit facilities and sought to address these through technology-driven solutions. The initial strategic move was the launch of SkorLife, a free financial management app, which was swiftly adopted, achieving significant downloads within its first year. Alongside regulatory approvals, these foundational achievements set the stage for subsequent innovations like Skorcard.
Company Profile and Achievements
Skor Technologies operates with a focus on financial services leveraging digital solutions. The company's primary offerings include:
- SkorLife: Launched in 2022, this financial management app aids consumers in overseeing their credit data from national credit bureaus, fostering financial literacy and empowerment.
- Skorcard: Introduced to market in 2024, this digital-first credit card product re-imagines credit card experiences with gamification and aims to substantially increase credit card usage in Indonesia, a market with low penetration.
- Funding Milestones: Successfully secured USD 6.2 million in a pre-Series A, enhancing their operational capacity and strategic expansions.
- Partnerships: Collaboration with Bank Mayapada enabled the co-branded Mayapada Skorcard, directly targeting the youth demographic.
- Technology Integration: Inclusion of GenAI to optimize customer engagement, innovatively addressing financial service delivery challenges.
Current Operations and Market Position
Skor Technologies currently operates prominently in Indonesia's fintech sector, focusing on improving access to financial services through digital credit solutions. With a vision to transform credit dynamics, the company has developed products like SkorLife and Skorcard. It continues to expand its market influence by developing strategic partnerships with banking entities and enhancing technological integrations, securing its position as a frontrunner in the country’s fintech innovation narrative.
Skor Technologies Company Products
The company’s core products are reflective of its mission to enhance financial management transparency and user control:
- SkorLife: This app allows users to access, manage, and understand their credit data and scores, fostering proactive financial management.
- Skorcard: A credit card product that not only provides transactional benefits but incorporates gamified elements to enhance user interaction and satisfaction.
Skor Technologies Company Owner
The ownership of Skor Technologies is primarily held by its founders Ongki Kurniawan and Karan Khetan, supported by substantial venture capital investments, including Argor Capital, QED Investors, and AC Ventures, funding their growth and innovation strategies within the financial services sector.
Conclusion
Skor Technologies stands out as a dynamic fintech innovator addressing the underdeveloped credit infrastructure in Indonesia. Its products, SkorLife and Skorcard, target financial literacy and accessibility, empowering users to better manage their credit standing. Looking ahead, Skor Technologies is poised to play a significant role in reshaping the financial landscape of Indonesia through its strategic innovations and promising product pipeline.