Digital credit platform Kredivo plans to go public at a valuation of US$ 2.5 billion, IDR 36.25 trillion, on the NASDAQ stock exchange next year via SPAC, a special purpose acquisition company. Kredivo distributes instant credit for consumer purchases on
Non-performing loans for fintech lenders have increased in the midst of the lockdowns, or “PPKM”. OJK data shows that non-performing loans (NPLs) increased from 1.32% in March to 1.54% in May. Therefore, fintech lenders are managing the credit risk in
Very excited to announce our partnership with Thought Machine and Google Cloud to deliver cloud-native technology to scale SME lending in Southeast Asia. With support from Google Cloud and Thought Machine, we have deployed customized financial products (e.g. Sharia-compliant invoice
The partnership between Grab and Emtek has been strengthened by onboarding Bukalapak to the collaboration. Grab and Emtek, a media conglomerate, are currently collaborating to create an MSME acceleration program called the Kota Mapan Festival, which will be held in
Latest data reveals that paylater payment options have been gaining traction, with 55% of paylater users being new users (registered less than 12 months ago), and 41% of consumers chose the paylater feature to better manage monthly expenses. Paylater is
The Investment Alert Task Force (SWI) recorded an 80% increase in public complaints for illegal online loans during January to June this year, with >3,365 platforms banned since 2018 to date. SWI anticipates an increase in activities by the illegal
Last week, Gojek announced the sale of its Thailand business to AirAsia, Malaysia-based low-cost airline carrier. Both companies realized the synergies in the businesses that would contribute to AirAsia’s pivot to strengthen its Super App business. AirAsia’s Super App will
Bank Indonesia (BI) noted that there are 190 payment service providers that had obtained permits and gone through a reclassification process. The majority of them are considered payment service providers (PJP) companies with a minimum capital of US$1 million (IDR
As a digital Islamic bank, Bank Aladin adopts a unique strategy of combining online and offline customer outreach. Bank Aladin partners with Alfamart, the largest convenience store chain with >15k outlets located throughout the country, and Halodoc, telemedicine provider. Despite
JULY 2021 – Impact Credit Solutions (ICS), the fintech platform that enables small business lending in Southeast Asia, has named four new senior executives. Its hires, which include Dewi Wiranti, Tam Trinh, Smriti Gupta and Grace Su, boost its gender
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