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Founded Year



Bridge | Alive

Total Raised


Last Raised

$2.51M | 2 yrs ago

About Nikel

Nikel is a company that focuses on providing embedded lending technology solutions in the financial services industry. The company offers end-to-end lending solutions that enable banks and technology companies to lend to small businesses, utilizing credit analytics, origination and underwriting engines, and connections with local providers for eKYC, eSignature, and collateral tracking. Nikel primarily serves the banking and technology sectors. Nikel was formerly known as Impact Credit Solutions. It was founded in 2018 and is based in Singapore.

Headquarters Location

71 Robinson #14-01




Nikel's Products & Differentiators

    Nikel Lend

    Digital lending solution for companies that want to lend to their customers


Expert Collections containing Nikel

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Nikel is included in 1 Expert Collection, including Digital Lending.


Digital Lending

2,187 items

This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.

Latest Nikel News

Thought Machine’s Modern Core Enables Nikel to Close the Small Business Credit Gap

Sep 25, 2023

Thought Machine’s Modern Core Enables Nikel to Close the Small Business Credit Gap Thought Machine, a cloud-native banking technology company, has empowered Nikel, a fintech startup that unlocks credit for millions in Southeast Asia, to streamline its lending process and develop new products more quickly. Founded in 2018, Nikel which rebranded from Impact Credit Solutions, offers small businesses access to loans through their digitally embedded lending platform. They offer banks and other companies a digital lending solution covering everything from loan origination to underwriting to collections. With many small businesses moving online, they required bespoke loan products to meet their specific needs. Thus, in order to offer these products online, orchestration between many parties was crucial. It’s not just a bank lending directly to a borrower anymore. Instead, it’s an ecosystem that includes e-commerce, marketplaces, service providers and others. Nikel’s solution brings these parties together. As a result, it was essential for Nikel to adopt a modern core platform, such as Vault Core , to streamline the entire lending journey, from borrower onboarding, loan requests to disbursement and repayment. With further ambitions to expand their service, Nikel needed to build more flexibility, scale and configurability into the platform and, at the same time, develop their service with new products. Thought Machine’s core banking platform, Vault Core, running on microservices, would give Nikel the flexibility to migrate existing services and offer new services as modules – all of which would be managed from one single platform. Nikel adopted Vault Core and went live with their first product within 90 days before launching the next product with minimal support needed from Thought Machine. With Vault Core, Nikel has been able to design complex products and features — and reduce their time-to-market by half each time. For example, Nikel wanted to build a lending product specifically for the Islamic community. Leveraging Thought Machine’s smart contract capabilities, Nikel designed a Sharia-compliant end-to-end lending product that increases disbursement speed and gives investors real-time transparency on their loan book. Vault Core also allowed Nikel to digitise the Know Your Customer (KYC) process, using e-signatures and e-contracts. Lenders in Indonesia typically check multiple identification documents to comply with local KYC regulations. Conducting this verification process in person during the COVID-19 pandemic was nearly impossible. With Vault Core, Nikel delivered an all-new e-signature product which digitised the entire process. The synergy of Vault Core’s advanced technology and Nikel’s incredible ambition will create a more inclusive lending ecosystem, significantly favouring small businesses across the region. Watch this video to hear from their CEO, Reinier Musters, on Nikel’s vision, and how Vault Core has enabled them to deliver on their purpose. 

Nikel Frequently Asked Questions (FAQ)

  • When was Nikel founded?

    Nikel was founded in 2018.

  • What is Nikel's latest funding round?

    Nikel's latest funding round is Bridge.

  • How much did Nikel raise?

    Nikel raised a total of $2.51M.

  • Who are the investors of Nikel?

    Investors of Nikel include Patamar Capital and M Venture Partners.

  • Who are Nikel's competitors?

    Competitors of Nikel include Funding Societies and 5 more.

  • What products does Nikel offer?

    Nikel's products include Nikel Lend and 1 more.

  • Who are Nikel's customers?

    Customers of Nikel include Alami and Bank Neo Commerce.


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