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Moladin Secures up to USD 50 Million Debt Financing from Lendable, Supporting Access to Financing Solutions for Indonesian MSMEs Singapore, 09 July 2024 — Moladin, a leading Indonesian mobility #fintech, has raised a senior secured loan of up to USD 50 million from Lendable which provides debt capital to fintech companies in emerging and frontier markets. This partnership will enable Moladin to further support dealers and consumers in the used car market ecosystem by providing them with access to innovative financing solutions. Moladin’s mobility fintech platform, supported by Moladin Finance Indonesia (MFI), an OJK-Licensed end-to-end digital financier, for used car dealers as well as retail consumers, allows them access to financing against the value of their vehicles as collateral. Moladin is actively bridging the gap in financial services and personal mobility solutions, particularly for #underserved communities, #MSMEs, and its growing consumer base. The investment in Moladin aligns with Lendable’s mission of supporting financial inclusion in emerging markets through #technology and innovative financial solutions, and demonstrates Lendable’s belief in Moladin’s capabilities to address the financing gap faced by used car dealers, MSMEs and consumers in #Indonesia. Hani Ibrahim, Chief Investment Officer at Lendable, commented on the investment by adding, “Lendable is proud to partner with Moladin and support their #mission-aligned objective of serving #underserved #MSMEs and consumers in #SoutheastAsia. Having worked closely with the Moladin team during this transaction, we have been impressed by how Moladin has been able to build a high-quality scalable business that reaches a critical, yet hard to serve segment in Indonesia.” Andrew K.J. Tan, CFA, Co-Founder and President at Moladin, further emphasizes the significance of this milestone: “Our partnership with Lendable will help us significantly expand access to financial services and mobility solutions. This goes beyond just buying a vehicle. We are also helping #MSMEs grow their business and take advantage of emerging opportunities. By fostering financial inclusion, Moladin is actively contributing to the economic and social mobility of all Indonesians.” Since 2023, Moladin has facilitated financing access for its expanding customer base by disbursing over USD 500 million in loans, including more than USD 300 million to used car dealers and USD 250 million to consumers and other MSMEs. Read more: https://lendable.io/news/ #ImpactInvesting #FinancialInclusion #EmergingMarkets #PrivateDebt

AI powered mobile loan and payment start-up Fairbanc recently received USD 13.3 million in debt financing to expand operations in #Indonesia. 🔑 '80% of the fintech’s beneficiaries are #unbanked and around 70% are women merchants who were able to increase their sales by an average of 35%.' 🔑 'Founded in 2019 Fairbanc aims to digitise #microcredit for micro-merchants. It has already onboarded over 550k merchants on its platform.' 🔑Fairbanc will use the fresh funding to expand its operations with off-balance sheet financing through its new #BNPL gateway. They are pushing into Indonesia, where 95million adults still lack a formal account at a financial institution. 💸The debt financing was secured from Indonesian state-backed digital lending arm, operating under PT Bank Rakyat Indonesia (Persero) Tbk. In July 2022, they secured USD 4.8 million in pre-Series A funding led by Vertex Ventures SE Asia & India, with participation from Lippo Group, Asian Development Bank (ADB), and Accion Venture Lab. 🗞️By The Paypers https://lnkd.in/eJhfQJy2 👏 For the #FinancialInclusionChallengers reimagining inclusive financial services 🚀 Mir Haque I Kevin O'Brien I Iqbal Muslim I Jopie Jusuf I Tom Schumacher I Danu Wicaksana I Willy Sulistyo I Team Fairbanc … #fintech #funding #financialservices #underserved #financialinclusion #venturecapital

#Fintech #Funding: iwoca has announced a £270 million package of debt #funding! 💰 This includes £150 million from Citibank and Insight Investment. It received £120 million from Barclays and Värde Partners. 📈 This brings iwoca's total #investment to over £1 billion! 💼 Here's what iwoca shared with TFN on how they’ve helped SMEs through the tribulations of #Brexit and a global pandemic. Read more: https://lnkd.in/ez5EmbMC #news #technology #technews #startup #innovation #SMEs #fintechnews #financialtechnology #vcfunding #venturecapital #investmentnews #credit #SMEfinance #uktech #london Christoph Rieche Samuel Riley Jake Mellett Mark Di-Toro

Thanks for having Funding Societies Malaysia, Roshan Kanesan, CFP and BFM 89.9 - The Business Station. Always a pleasure to speak on the development of the P2P/digital SME financing industry. https://lnkd.in/g5jwDPtn We discussed, among other topics, examples of how Malaysian SMEs effectively leverage P2P financing to scale and thrive. We also explored how P2P financing not only differs from but complements traditional financing options, creating a more comprehensive funding ecosystem. Additionally, we highlighted the importance of collaborations with key partners such as Bank Pembangunan Malaysia Berhad CGC Malaysia CGC Digital SME Corp. Malaysia TERAJU to not only lower the cost of financing for SMEs but also broaden our outreach to MSMEs and SMEs within their ecosystems, helping them unlock greater growth potential.

Singapore based fintech Validus closes a $50 million round in debt financing #Validus, a digital SME #fintech lending platform based in Singapore, has secured $50 million in debt financing from HSBC under the #ASEAN Growth Fund strategy. This funding will be used to support the financial inclusion of micro, small, and medium enterprises (MSMEs) in Indonesia, a market where access to financing remains a significant challenge despite the sector's critical role in the economy. Co-founded in 2015 by Vikas Nahata and Nikhilesh Goel, Validus has expanded its operations across Southeast Asia, including Indonesia, Thailand, and Vietnam. The platform stands out by leveraging non-traditional data and partnerships with major international institutions like Citi, HSBC, and FMO, as well as local banks such as CIMB Niaga and Bank Mandiri. With a robust growth trajectory and a solid presence in Indonesia, the company continues to play a pivotal role in providing accessible working capital to small businesses across the ASEAN region. The article on TechCrunch in the first comment. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://lnkd.in/d4h8zqKA  - Substack: https://lnkd.in/dzfGJzmW

💸 News in Fintech: BFREE, a Nigerian Startup, Secures $3M Investment to Revolutionize Debt Recovery in Africa! Meet Bfree, the tech-enabled debt collection startup from Nigeria, on a mission to transform the industry with ethical practices and innovative technology. Founded in 2020 by Julian Flosbach, Chukwudi Enyi, and Moses Nmor, Bfree aims to eliminate the use of aggressive debt retrieval techniques commonly employed by predatory lenders. 🌍 Making a Difference Across Africa: With a customer base spanning major banks in Ghana, Kenya, and Nigeria, Bfree is already making waves. Their focus on humane debt recovery methods, including self-service platforms and conversational AI tools, ensures a customer-centric approach while leveraging behavioral and financial data for optimal results. 💰 Investment Boost: In a recent funding round led by Capria Ventures, Bfree secured $3 million in backing, with participation from other leading investors. This investment brings their total funding to $6.5 million, empowering them to scale their operations and drive meaningful change across the continent. 🔍 Beyond Debt Collection: Bfree's vision extends beyond debt collection. They're pioneering the creation of a secondary debt market, allowing third-party investors to buy non-performing loans from banks. With advanced analytics and predictive algorithms, Bfree aims to mitigate risk for banks while providing investment opportunities for others. 📈 Strategic Focus: Recognizing the importance of market dynamics, Bfree has adjusted its expansion plans to focus on key African markets. This strategic approach ensures tailored solutions that meet the unique needs of each market, maximizing impact and sustainability. 👏 Recognized for Excellence: The investment from Capria Ventures underscores confidence in Bfree's potential to drive innovation and transform credit collection in Africa. With a commitment to applied generative AI and ethical practices, Bfree is set to shape the future of financial services across the continent. Let's appreciate Bfree's success as they continue to pave the way for ethical debt recovery and financial inclusion in Africa! #Fintech #EthicalFinance #BfreeAfrica 🌍💼

JULO, an Indonesian digital financial services platform, stated that it will distribute over $650 million in loans in 2024. The company stated its loan disbursement increased by 87.19 percent in the first four months of 2024 to over $189 million. Since its 2016 founding, the organisation has disbursed over US$1 billion, including approximately $500 million in 2023, a 50% increase from the previous year. The company gained over 2 million users in 2023, a 58% increase. JULO, backed by AC Ventures, is profitable before tax and intends to be fully profitable by year's end. JULO stated it will become an impact-focused neobank to serve the underserved Indonesian market and promote financial inclusion based on its successful business model and strong #growth. The company's revolutionary consumer #finance solution uses behavioural data for cutting-edge credit underwriting, which has led to its success. This method allowed JULO to create and sell virtual credit cards for Indonesia's middle class, giving millions unprecedented credit access and empowering the economy. The company also reported a 73% revenue increase in 2023 and a 75 percent+ retention rate per cohort, which significantly lowers loan acquisition expenses and improves operational efficiency. Partnerships with global and local financial institutions including Credit Saison and Bank Sampoerna and Superbank enable middle-income disbursements in Indonesia, boosting its growth. Indonesia's middle-market offers $100 billion. The corporation debuted non-credit items including insurance in 2023 and will expand them. Indonesian digital financial services company JULO focuses on financial inclusion for the underbanked, particularly local middle-market income consumers. The firm uses alternative data for nuanced underwriting instead of collateral-based lending. It gives underprivileged borrowers first-time credit with this strategy. JULO provides financial services and promotes economic #empowerment nationwide through holistic behavioural analysis. To share your startup story write us on - [email protected] #Julo #Finance #Partnership #Tax #Credit

🦄 Portfolio Win: Moniepoint Group, a Nigeria-based fintech & Endeavor company, has raised $110 million in new funding from investors including Google, Verod Capital, and Lightrock. Endeavor Catalyst—our rules-based fund—backed Moniepoint in its Series B raise. Moniepoint says it will use the new funding to accelerate its growth across Africa (90% of its business comes from Nigeria) as it builds an "all-in-one platform" for African businesses of all sizes. The fintech currently processes over 800 million transactions monthly, with a total value of over $17 billion. What African country gets to experience the magic of Moniepoint next? (more M&As? it's year 9 and this amazing company is not showing signs of stopping!) My friend, Tage, has more details in his report for TechCrunch: https://lnkd.in/dvN3MqwV #Unicorn #FinancialInclusion #HighImpactEntrepreneurship #EmergingMarkets

Bengaluru, India based Freo recently secured debt funding from SIDBI to address the financial needs of Indians with its ‘pay, save, borrow’ philosophy. 🔑 Founded in 2015, Freo’s platform offers a wide range of financial products, including #creditlines, #creditcards, and credit-on-UPI through Rupay, along with #savings solutions. 🔑 'The fresh funding will enable Freo to diversify into new categories and segments while expanding its presence nationwide.' 💸 ‘Undisclosed amount of debt funding from the SIDBI(Small Industries Development Bank of India). This is SIDBI’s first debt investment in a fintech business and underlines its confidence in the sector’s potential to drive #financialinclusion and entrepreneurship across #India.’ 🗞️By Startup Story® https://lnkd.in/e9inwpT4 👏 For the #FinancialInclusionChallengers reimagining inclusive financial services 🚀 Bala Parthasarathy I Anuj Kacker I Kunal Varma I Ankur Maheshwari I Ankan Singhvi I Anirudh Muralidharan I Hitarth Saini I Daipayan Rakshit I Vikram Singh I Arvind Malhan I Team Freo … #fintech #funding #financialservices #underserved #money

We're excited to announce our investment in 4G Capital, a leading FinTech lender empowering SMEs across Kenya and Uganda. Founded in 2013, 4G Capital is bridging the funding gap for small and medium-sized enterprises (SMEs) by offering innovative financing products tailored to the digitizing informal sector. Leveraging machine learning, 4G Capital provides faster, more convenient loan approvals. They also blend their financial products with customized training and digital solutions to help their customers succeed. 4G Capital’s customers grow their revenues by an average of 82% annually, while 94% of their customers have reported an increase in business growth and savings. "4G Capital's commitment to providing working capital to underserved small and medium-sized enterprises (SMEs) aligns perfectly with our mission to drive financial inclusion across emerging markets, empowering entrepreneurs who traditionally lack access to formal financial services." - David Kleiterp Learn more about why we invested in 4G Capital: https://lnkd.in/dWvqZzUh Wayne Hennessy-Barrett Austen Titford Juliet Kithamba Njoki Kimathi ( ACCA ) Lynnette Koech David Kleiterp Lundie Strom Jim Chu