AUGUST 2017 FORBES INDONESIA | 51TA R A L I T EAbraham went back to school, get-
ting experience in consulting at Boston
Consulting and investment banking
at Nomura. Despite securing jobs he
thought he wanted, Abraham enjoyed
only the pay—he wanted to return to
entrepreneurship. In 2015, he founded
Taralite with $20,000 of his personal
savings, as well as a second startup
Wedlite, which provides loans for
large-ticket personal expenses such as
weddings, education and Hajj pilgrim-
age. For his success with Taralite, Abra-
ham has been recognized in Forbes
Asia’s 30 under 30 list.
The company already provides
loans for higher education and to cor-
porate employees, but plans to expand
the reach of its finances in areas such as
revolving loans, auto loans and credit
cards. To help fund this growth, Taral-
ite in May received $6.3 million fromJapan’s Softbank for an undisclosed
stake, following a $400,000 investment
from an undisclosed investor just six
months into Taralite’s start. Abraham
would like to raise more funds by the
end of the year. “People that were once
excluded on the different islands of
Indonesia will be able to get the same
quality of product with the same inter-
est rate and pricing wherever they are,”
says Abraham. F