DBS and KreditPro support MSME growth | Bahasa
Indonesia.14 Feb 2023.3 min read
The collaboration allows easy access to affordable supply chain financing
Indonesia, 14 Feb 2023 - DBS Bank Ltd (DBS) and Bank DBS Indonesia collaborate with KreditPro (PT. Tri Digi Fin), a digital funding platform for micro, small, and medium enterprises (MSMEs) in Indonesia, to provide supply chain financing. DBS, acting as institutional lender, channels loans to MSMEs via KreditPro. The collaboration is the realisation of DBS' aspiration to reach the MSME segment.
Director of Institutional Banking Group PT Bank DBS Indonesia Kunardy Lie stated, "The collaboration with KreditPro gives us the opportunity to actively participate in supporting the growth of the ecosystem-based business-to-business (B2B) financing in Indonesia. At Bank DBS Indonesia, we ensure that our customers can focus on growing their business with our comprehensive digital capabilities."
KreditPro is a supply chain financing platform that is part of DigiAsia, a financial technology (fintech) company targeting B2B in Indonesia. DigiAsia continues to innovate to provide easy access to affordable financial products, regardless of the size of the business, infrastructure, or the digital literacy level of the customer.
DigiAsia Bios Co-founder Prashant Gokarn said, “We are honoured and excited about our collaboration with DBS. We really believe this collaboration will have a positive impact on and benefits for the MSME sector in Indonesia."
To achieve DigiAsia's mission, KreditPro provides supply chain financing for various value chains, from small businesses (warung), wholesalers (grosir), to distributors. To accomplish the mission, KreditPro is focusing on the fast-moving consumer goods (FMCG) industry, telecommunications, and the agribusiness sector, with plans to expand to other sectors in the future.
DigiAsia Bios Co-founder and KreditPro Chairman Alexander Rusli said, “As a company affiliated with DigiAsia Bios, KreditPro is proud to announce its latest partnership with DBS. This collaboration will further strengthen our mission to support the financial transformation of our partners in this digital era at affordable costs through a variety of financial products for the mass market.”
KreditPro Vice President Rizky Jonathan added, “Our collaboration with DBS will be a great opportunity to expand our reach to the business community that needs financial support.”
As one of the largest banks in Asia, DBS makes Indonesia one of the main markets for its business growth. DBS seeks to promote financial inclusion in Indonesia, even for the smallest businesses, and supply chain financing through productive loans using a low-cost and low-risk approach.
Through the collaboration between DBS and KreditPro, business owners who use DigiAsia products will have access to DBS’ financing. In the initial stage, the collaboration will focus on the FMCG industry ecosystem. The funding will be available easily and quickly based on payment analysis and track records of business players in the DigiAsia ecosystem. The financing service is available with transparent cost of funds and transaction flows supported by DigiAsia’s closed-wallet system.
Group Head IBG Ecosystem DBS Bank Abdul Raof Latiff stated, “Through this collaboration with KreditPro, DBS plans to give support to our large corporate customer ecosystem through financing of their supply chains and the MSMEs within. This joint venture is consistent with our strategy to create mutually beneficial solutions, in addition to embedded digital financing solutions in various industries to increase the resilience of business ecosystems and supply chains.”
About DBS
DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.
Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia“ award by Global Finance for 14 consecutive years from 2009 to 2022.
DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting social enterprises: businesses with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping communities with future-ready skills and building food resilience.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.
About KreditPro
KreditPro (PT. Tri Digi Fin) is a Fintech P2P Lending company in Indonesia registered with and supervised by the Financial Services Authority (OJK). KreditPro aims to connect B2B Lenders with Borrowers through an innovative and secure platform. KreditPro is driven by the aspiration to provide financing for the B2B ecosystem within the MSME sector in Indonesia, based on data-driven analysis and supply chain relationships.
About DigiAsia Bios
Founded in 2017, DigiAsia Bios is the first Fintech-as-a-Service (FaaS) company in Indonesia. DigiAsia provides a range of integrated financial services for B2B2 Consumers and B2B2 Merchants through digital payments (KasPro), P2P financing (KreditPro), Remittances (RemitPro), and Digital Financial Services (Digibos). All DigiAsia’s services and products can be embedded in various applications and ecosystems for consumers or business actors so that corporations and individuals can easily use fintech solutions to optimize financial governance processes, both for business and daily needs.
Director of Institutional Banking Group PT Bank DBS Indonesia Kunardy Lie stated, "The collaboration with KreditPro gives us the opportunity to actively participate in supporting the growth of the ecosystem-based business-to-business (B2B) financing in Indonesia. At Bank DBS Indonesia, we ensure that our customers can focus on growing their business with our comprehensive digital capabilities."
KreditPro is a supply chain financing platform that is part of DigiAsia, a financial technology (fintech) company targeting B2B in Indonesia. DigiAsia continues to innovate to provide easy access to affordable financial products, regardless of the size of the business, infrastructure, or the digital literacy level of the customer.
DigiAsia Bios Co-founder Prashant Gokarn said, “We are honoured and excited about our collaboration with DBS. We really believe this collaboration will have a positive impact on and benefits for the MSME sector in Indonesia."
To achieve DigiAsia's mission, KreditPro provides supply chain financing for various value chains, from small businesses (warung), wholesalers (grosir), to distributors. To accomplish the mission, KreditPro is focusing on the fast-moving consumer goods (FMCG) industry, telecommunications, and the agribusiness sector, with plans to expand to other sectors in the future.
DigiAsia Bios Co-founder and KreditPro Chairman Alexander Rusli said, “As a company affiliated with DigiAsia Bios, KreditPro is proud to announce its latest partnership with DBS. This collaboration will further strengthen our mission to support the financial transformation of our partners in this digital era at affordable costs through a variety of financial products for the mass market.”
KreditPro Vice President Rizky Jonathan added, “Our collaboration with DBS will be a great opportunity to expand our reach to the business community that needs financial support.”
As one of the largest banks in Asia, DBS makes Indonesia one of the main markets for its business growth. DBS seeks to promote financial inclusion in Indonesia, even for the smallest businesses, and supply chain financing through productive loans using a low-cost and low-risk approach.
Through the collaboration between DBS and KreditPro, business owners who use DigiAsia products will have access to DBS’ financing. In the initial stage, the collaboration will focus on the FMCG industry ecosystem. The funding will be available easily and quickly based on payment analysis and track records of business players in the DigiAsia ecosystem. The financing service is available with transparent cost of funds and transaction flows supported by DigiAsia’s closed-wallet system.
Group Head IBG Ecosystem DBS Bank Abdul Raof Latiff stated, “Through this collaboration with KreditPro, DBS plans to give support to our large corporate customer ecosystem through financing of their supply chains and the MSMEs within. This joint venture is consistent with our strategy to create mutually beneficial solutions, in addition to embedded digital financing solutions in various industries to increase the resilience of business ecosystems and supply chains.”
About DBS
DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.
Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia“ award by Global Finance for 14 consecutive years from 2009 to 2022.
DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting social enterprises: businesses with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping communities with future-ready skills and building food resilience.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.
About KreditPro
KreditPro (PT. Tri Digi Fin) is a Fintech P2P Lending company in Indonesia registered with and supervised by the Financial Services Authority (OJK). KreditPro aims to connect B2B Lenders with Borrowers through an innovative and secure platform. KreditPro is driven by the aspiration to provide financing for the B2B ecosystem within the MSME sector in Indonesia, based on data-driven analysis and supply chain relationships.
About DigiAsia Bios
Founded in 2017, DigiAsia Bios is the first Fintech-as-a-Service (FaaS) company in Indonesia. DigiAsia provides a range of integrated financial services for B2B2 Consumers and B2B2 Merchants through digital payments (KasPro), P2P financing (KreditPro), Remittances (RemitPro), and Digital Financial Services (Digibos). All DigiAsia’s services and products can be embedded in various applications and ecosystems for consumers or business actors so that corporations and individuals can easily use fintech solutions to optimize financial governance processes, both for business and daily needs.
