Singapore-based Seedflex is now officially registered with Indonesia’s financial services authority, Otoritas Jasa Keuangan (OJK), as a provider and aggregator of financial products and services.

With this approval, Seedflex can collaborate with Indonesian financial institutions to offer streamlined access to financial information and services.

The company plans to use its OJK-registered platform to help advance financial inclusion and support the digital transformation of the sector.

Seedflex is currently seeking local partners to expand its product offerings and reach more customer segments.

Its platform enables direct integration via application programming interfaces (APIs), allowing partners to embed financial services on their own digital platforms.

The company also offers dedicated support and aims to help partners capture new market segments.

The announcement comes after Seedflex raised US$3.2 million in a seed extension round last month to scale operations in Southeast Asia.

It plans to launch in Indonesia later this year following its entry into Malaysia, where it introduced its “Pay-As-You-Sell Advance” solution, which adjusts financing based on sales performance.

“This is a significant milestone for Seedflex as we continue to expand our footprint across emerging Asia. We’re excited to start working together with like-minded partners to enhance access to financial information and do our part to help drive the continued digital transformation of Indonesia’s financial industry.

We welcome all interested financial institutions, fintech providers and other technology platforms to join us on this shared mission to innovate and enhance financial access and inclusion for all Indonesians.”

said Ritwik Ghosh, Co-Founder and CEO of Seedflex.

This article first appeared on Fintech News Singapore.