geo/indonesia

Location
-2.5658228804904, 115.927734375

Amartha joins the SME Finance Forum to promote access to finance for MSMEs

Washington D.C., April 6, 2022 Amartha joins the SME Finance Forum as the newest member of our global membership network. Our members are SME financing experts from 80+ countries who share the common goal of expanding access to finance to small businesses worldwide through knowledge exchange and innovation.

“When we started in 2012, we were in an exploratory phase for the first few years. Since 2016, we’ve been implementing our mission to build a global membership to support better SME financing, and since then, we’ve established a network with over 240 active member institutions, which operate in over 190 countries sharing the common purpose of helping under-served enterprises. We are delighted to welcome Amartha to further grow our mission.” said Matthew Gamser, CEO of the SME Finance Forum.

Amartha is a fintech peer-to-peer lending platform focusing on providing working capital loan to women micro entrepreneurs in rural villages in Indonesia. It also offers financial and digital literacy workshops to help borrowers improve their business. To date, Amartha has reached more than 1 million women micro entrepreneurs and aims to empower millions of women through its inclusive financial services.

"By joining the SME Finance Forum, we hope to share knowledge and experiences and promote financial inclusion and women empowerment in rural villages in Indonesia’’ said Andi Taufan Garuda Putra, CEO & Founder of Amartha.

About SME Finance Forum
The SME Finance Forum was established by the G20 Global Partnership for Financial Inclusion (GPFI) in 2012 as a knowledge center for data, research, and best practice in promoting SME finance. As an implementing partner for the GPFI, the International Finance Corporation (IFC) was tasked with managing the initiative. The Forum operates a global membership network of +240 members that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs. 
To see all SME Finance Forum members, please visit: https://www.smefinanceforum.org/members/member-list


About Amartha
Amartha is a fintech peer-to-peer lending platform focusing on providing working capital loan to women micro entrepreneurs in rural villages in Indonesia. It also offers financial and digital literacy workshops to help borrowers improve their business.
Learn more at:
Website: https://amartha.com/en_US/
LinkedIn: https://www.linkedin.com/company/amartha/
Facebook: https://www.facebook.com/amarthaid

Amartha

Fintech peer-to-peer lending platform focusing on providing working capital loan to women micro entrepreneurs in rural villages in Indonesia. It also offers financial and digital literacy workshops to help borrowers.

 

Country / Region
Member Since
Organization Type
Location
-6.2087634, 106.845599
City/Town location
Jakarta
Operation countries

Revitalization of SMEs Becomes Investree’s Keyword in Holding Investree Conference 2021, Supporting Fast and Resilient Economic Recovery

December 6th, 2021 - Successfully holding the Investree Conference (i-Con) for 2 (two) years with the main topics being the empowerment of Small and Medium Enterprises (SMEs) and economic recovery through collaboration in the digital financial ecosystem. This year, fintech lending pioneer Investree will again hold i-Con 2021 with “Revitalizing SMEs to Support Faster and Resilient Economic Recovery” as the theme. This event will be held for 1 (one) day virtually on Thursday, 9 December 2021 at 08.30-17.00 WIB via Investree's Zoom and Youtube channels. Presenting well-known local and international speakers consisting of regulators, borrowers, institutional lenders, banking, procurement, and other Investree digital ecosystem partners, i-Con 2021 focuses on revitalizing SME businesses during the pandemic through the collaboration of the digital financial ecosystem and other innovative economic recovery efforts. i-Con 2021 is part of the 2021 National Fintech Month celebration initiated by the Indonesian Fintech Association (AFTECH).

Similar to the previous year where Investree was wary about the pandemic condition in Indonesia and globally, i-Con 2021 will be held virtually/online. The moderators and speakers will go live from their respective locations. “Revitalization” or “regrowth” are Investree’s keywords in helping the recovery and strengthening of SMEs during the Covid-19 pandemic through the optimization of collaboration and synergy in the digital financial ecosystem, so that the assistance and support received by SME owners are maximized and full of benefits. The keyword choice of “revitalization” is the continuation of last year’s theme which emphasized “acceleration” or “speeding up”. Last year, i-Con 2020 took place after the pandemic, and the discussion focused on accelerating the economic recovery of SMEs affected by Covid-19.

Co-Founder & CEO Investree, Adrian Gunadi, said: “Covid-19 directly impacts the livelihoods of Indonesian people. The SME sector is one of the most affected, although SME owners contribute significantly towards the national economy. They also face common problems that prevent them from growing, such as inconsistent financial reporting and the inability to access credit from banks. With this condition, the SME sector faced a difficult period, resulting in decreased sales, capital constraints, logistics issues, and the threat of default. To encourage revitalization efforts for business owners, we invite SME owners, the financial industry and the general public to virtually attend Investree Conference (i-Con) 2021 to show how the revitalization and resilience of SMEs is the key to reviving the country's economy. In line with Investree's 6th-anniversary campaign, #GrowStron6er, Investree is committed to helping SMEs raise and grow more solidly by bringing together experts, partners and customers from various sectors."

i-Con 2021 will hold 8 (eight) engaging sessions* with relevant discussions on the latest trends in the digital finance industry:

  1. The first session is “Innovative SME Financing through Fintech Collaboration”, discussing digital collaboration opportunities to increase access to financing for SMEs with Blibli.com, OY! Indonesia, Investree, and PT Sinar Purnama Teknik.
  2. The second session is “Digitalization of SMEs to Scale Up Business”, discussing the role of digitization in the growth of logistics and supply chain entrepreneurs with the Coordinating Ministry for Economic Affairs, wifkain, Paper.id, and Kargo Technologies.
  3. The third session is "The Impact of Financial Support for Ultra Micro Business", discussing the impact of financial support by fintech for ultramicro entrepreneurs with the Ministry of Cooperatives and SMEs, GMO Payment Gateway, Gayatri Microfinance, and Dagangan.com.
  4. The fourth session is “The Adoption of Innovative Credit Scoring through Artificial Intelligence to Expedite Financial Inclusion”, discussing maximizing innovative credit scoring services to increase financial inclusion with Pefindo Credit Bureau IdScore, AIForesee, Institute for Development of Economics and Finance (INDEF), and Bank Raya.
  5. The fifth session is “The Role of Sharia Fintech Solution During Pandemic”, discussing the potential and alternative solutions offered by sharia fintech in developing the economy with the Indonesian Sharia Fintech Association (AFSI), Investree Syariah, HIJUP, and Scarf Media.
  6. The sixth session is “How Fintech Innovation Creates Resilient ASEAN SMEs During Global Pandemic”, capturing the development of Investree Regional businesses in Thailand and the Philippines and their contribution in creating highly resilient SMEs there with Investree Thailand, Investree Philippines, LGUSuite, Inc., and Central Pattana.
  7. The seventh session is “Boosting Economic Recovery Through E-Procurement Innovation & Opportunities”, discussing the benefits of electronic procurement and its transformation with the Government Goods/Services Procurement Policy Institute (LKPP), PT Indosopha Sakti, Mbiz, and Garuda Financial.
  8. The last session is “Digital Disruptor Becomes Disrupted?”, discussing disruptive innovation and its application in the financial industry with BRI Ventures, Alami Sharia, and Bank Neo Commerce.

 

“It can be said that the discussion sessions in i-Con 2021 will discuss a lot of the issues that are relevant lately, including the digitalization of SMEs to improve business, advantages of alternative credit scoring and artificial intelligence (AI) for financial inclusion, regional expansion, sharia finance, to the trend of digital banking. All of this is to support the growth of SMEs and empower them after the pandemic. I hope that oi-Con 2021 can become a platform for stakeholders and the general public to obtain new perspectives and broader knowledge about fintech lending, its role for SMEs, and of course to encourage revitalization or national economic recovery in 2022,” said Adrian full of hope. i-Con 2021 plans to feature a keynote address from Investree's Co-Founder & CEO, Adrian Gunadi; the Minister of Cooperatives and Small and Micro Enterprises, Teten Masduki; and the Chief Executive of the Non-Bank Financial Industry Supervisor and concurrently Member of the Board of Commissioners of the Financial Services Authority (OJK), Riswinandi. i-Con 2021 will also feature entertainment from Angga Puradiredja (Maliq & d'Essentials).

i-Con 2021 is also expected to be attended by 1000 online invited guests, 31 local and international session speakers, 2 professional moderators and 6 Investree team members, along with fellow local, regional and international journalists. This event is open to the public and free of charge. The public can register to watch each session of the 2021 Investree Conference via the link investr.ee/icon2021.

*) List of moderators and speakers is attached to the Event Agenda.

###

About Investree

Investree is a fintech lending company that has obtained the Business License for Information Technology-Based Lending and Borrowing Service Providers from the Financial Services Authority (OJK). Our mission is to optimize data and technology to provide easier, more accessible funding for SMEs and connect them to lenders that want to help and obtain an attractive profit. Through collaborations with strategic partners in the digital and financial ecosystem, and the innovation of products and funding services, Investree is committed to continuously provide digital business solutions for SMEs. Investree is based in Indonesia, and has expanded to Thailand and the Philippines.

Until October 2021, Investree has successfully recorded a total loan facility of Rp 13 trillion and disbursed Rp 8.5 trillion in loans, with an average return rate of 16.5% p.a. and average TKB90 of 99.43%. Investree was awarded as “Best Fintech of the Year” by The Asset Magazine, “Best P2P Lending Platform for SMEs” by The Asian Banker, and “30 Most Promising Growth-Stage Startups” by Forbes Indonesia.

For more information, visit www.investree.id or our social media channels:

LinkedIn: Investree Youtube: Investree

Facebook: InvestreeID Spotify: Treepod – podcast by Investree
Instagram: @investree.id

 

About Investree Conference

Investree Conference (i-Con) is an annual event held by Investree since 2019. This event is a platform to gain inspiration and knowledge around fintech and its ecosystem in Indonesia and Southeast Asia. Through this event, Investree presents inspirational figures from entrepreneurs, experts, and stakeholders in the fintech industry. Every year, i-Con raises relevant themes around fintech and the growth of the SME sector. These themes are in line with Investree's commitment to support the empowerment of SMEs through easy, fast and affordable access to financing and other integrated digital business solutions.

 

With Investree, #EveryoneCanGrow.

Investree media contact information:

PT Investree Radhika Jaya

Astranivari

Chief of Marketing & Communications

pr@investree.id

Ogilvy Public Relations

Sherlya Evangelista

PR Consultant

sherlya.evangelista@ogilvy.com

+62 813-8050-3339 

 

Opportunity International Network

Global non-profit committed to ending extreme poverty and promoting quality education for families. They provide financial resources, training and support to start small businesses and earn living wages.

Country / Region
Member Since
Organization Type
Location
43.4642578, -80.5204096
City/Town location
Waterloo, ON, Canada

Member News: Investree remains strong and grows in the time of COVID-19 pandemic

The COVID-19 pandemic, which began in the beginning of 2020 brought a significant impact to the society and especially for Indonesian SMEs, which is said to be the backbone of the country’s economy. Looking at the important role of SMEs in Indonesia, Investree, as a pioneer in fintech lending which is now becoming into an integrated digital business solution for SMEs and continues to be committed to support the growth of the Indonesian economy by becoming a trusted partner for SMEs to access finance/capital. 
 
Unique initiatives that Investree did – they went beyond lending to introduce ‘Billtree’ which helps SMEs access financing through e-invoicing, So far, billtree has been adopted by one of the suppliers in the ecosystem of investree  - furniture and interior design company – Fabelio. They also focus on working with the ecosystem to provide financing support with a supply chain scheme especially during the pandemic. 
 
Investree also works to move the retail sector by working with microfinance partners to  provide productive financing. Investree helps direct productive loans to online sellers. Then, Gramindo – investree helps direct loans to their women customers who don’t have access to banks and distributing 30 billion rupiah in financing to fishermen in the e-fishery ecosystem. 
 
Throughout 2020, Investree had restructured loan facilities for 7 SMEs or borrowers impacted by COVID-19 with a total restructured loan of 9.86 billion Rupiah.  This is referring to the amendments on the countercyclical policy on the impact of the spread of the coronavirus  of NBFIs; determining the asset quality in the form of financing and restructured loans for debtors affected by COVID-19
 
Meanwhile, in terms of lenders, investree strengthens credit insurance protection by working with insurance partners. This feature  is one of the Investree’s mainstays that was highlighted during the pandemic because of its benefits that can provide a sense of calmness to lenders. At investree, all types of financing, both conventional and sharia, are protected by insurance so that lenders can comfortably continue to lend according to their preferences.
 
2021 strategy 
Under “Beyond Lending”, strengthen collaboration with important stakeholders within the investree ecosystem. Improve AI capabilities in supporting credit scoring, verification, decision making, monitoring of SMEs. 
Investree will become more than a fintech lending platform. ‘Beyond lending’ initiative is able to support SME activities from upstream to downstream  so that they are able to grow until post-pandemic, including by focusing on the ecosystem to build synergy between stakeholders.

Read more at https://investree.id/

IsDB Group

Multilateral development bank working to improve the lives of those we serve by promoting social and economic development in Member countries and Muslim communities worldwide, delivering impact at scale.

Country / Region
Member Since
Location
21.485811, 39.1925048
City/Town location
Jeddah

Funding Societies

Largest SME digital financing platform in Southeast Asia, licensed in Singapore, Indonesia and Malaysia. Funding Societies deals in capital market products and does debt crowdfunding, connecting borrowers with investors.

Country / Region
Member Since
Organization Type
Location
1.352083, 103.819836
City/Town location
Singapore
Operation countries

Paypal

Paypal’s open digital payments platform gives its more than over 270 million active account holders. better ways to manage and move money and offers flexibility when sending payments, paying or getting paid.

Country / Region
Member Since
Organization Type
Location
37.33874, -121.8852525
City/Town location
San Jose, CA, USA
PipeDrive organization Id
234
Operation countries