KoinWorks

We’re excited to announce that KoinWorks has raised $108 million in Series C funding to bring more access to underserved small-to-medium-sized enterprise businesses (SME’s) and entrepreneurs.? Although Indonesia is one of the world’s largest economies, access to adequate finances is a significant problem most SMEs face when trying to scale their business. This round of funding led by MDI Ventures hopes to help SMEs gain footing in emerging markets such as Indonesia.? Since our founding in 2016, we have remained committed to keeping entrepreneurs’ success in a growing economy at the forefront of our vision. This round of funding will further that vision significantly.? A huge thank you to all our investors and to Catherine Shu at TechCrunch for helping us spread the word! Quona Capital Triodos Investment Management Saison Capital ACV_VC East Ventures Read more on our blog, link in the first comment below ???? #KoinWorksSeriesC #SiapapunBisa #MelangkahLebih #fundingnews #KoinWorksforSMEs #SeriesC #Funding #newstartups

In celebration of Financial Inclusion Month, KoinWorks is holding the KoinPreneur webinar with the theme 'Loan Application Rejected? Learn the Strategies to Get it Approved!’. This webinar is aimed at MSMEs (Micro, Small, and Medium Enterprises) across various regions of Indonesia to help them understand the process of applying for loans from financial institutions, as well as the key factors to consider to ensure that their loan applications are approved. Adik Gilang Setiawan, as the speaker from Saison Indonesia, emphasized the importance of financial record-keeping and digitalization, also maintaining a good payment track record as key considerations of financial institutions of giving credit. Through this webinar, it is hoped that MSMEs will not only gain access to capital to grow their businesses but also improve their financial literacy and inclusivity. The webinar was attended by more than 20 MSMEs from various regions of Indonesia, ranging from Sumatra to NTT. Gabriel, a webinar participant from NTT, mentioned that the webinar was very beneficial, and he hopes that his business and future loan applications will be approved. Koinpreneur webinars are regularly held by KoinWorks as a fintech platform with a mission to improve financial literacy for MSMEs. The webinar recording can be accessed through https://lnkd.in/g_cYg4gP . Stay tuned for more exciting events from KoinWorks.

On Friday, October 25th, KoinWorks had the opportunity to be a guest lecturer for the International Business Management Department at Binus International University, Senayan. During this session, Arinal Haq from KoinWorks delivered an inspiring presentation on Gender Equality in the financial sector, emphasizing the importance of inclusivity and equality within the industry. The students showed great enthusiasm and expressed hope that KoinWorks would continue hosting "Goes to Campus" events like this in the future, helping to broaden their knowledge and better prepare them for the professional world. KoinWorks is proud to contribute to fostering a more inclusive workplace and empowering the next generation.

Congratulations, Angelique, on this well-deserved recognition! ?? We can’t wait to see the transformative work you’ll continue to lead ????.

KoinWorks is proud to participate in the Fintech Financing for Tourism and Creative Economy (FIFTY) initiative launched by the Ministry of Tourism and Creative Economy (Kementerian Pariwisata dan Ekonomi Kreatif) on October 15-16, 2024. This program aims to expand access to alternative financing for small businesses in tourism and the creative economy, sectors that still heavily rely on personal capital. As part of this effort, KoinWorks provides technology-based financing solutions through its MSME digital lending platform, supporting businesses to continue growing and adapting to digital transformation. This initiative aligns with our vision to promote financial inclusion and strengthen Indonesia’s creative economy. By participating in FIFTY, KoinWorks is committed to helping create a broader and more flexible financing ecosystem for creative businesses in Indonesia.

Inclusive KoinPreneur Webinar Recap ?? In our recent KoinPreneur webinar, we had the pleasure of welcoming a diverse group of participants, including our friends with disabilities. Together, we explored how AI tools like ChatGPT can make content creation easier and more efficient for online sellers, especially for MSMEs looking to scale their businesses. We also shared practical tips on crafting the right prompts to get the best results, helping entrepreneurs make the most of AI to drive growth and engagement. It was an engaging session that highlighted how technology can be a powerful tool for everyone, and how KoinWorks is committed to empowering MSMEs with the knowledge and resources they need to succeed in the digital age. If you couldn’t join us live, don’t worry—stay tuned for the full recap and more insights from our upcoming webinars! #KoinWorks #KoinPreneur #Webinar #MSME

Indonesia-based credit-led MSME neobank KoinWorks provides a one-stop offering spanning #financialservices and #businessdevelopment support for underserved MSMEs.? As of 2020, USD 90 billion is needed to close the gap for the unmet credit needs of Indonesian #MSMEs. Many MSMEs lack access to formal financial institutions because they cannot provide #collateral and relevant #credit history. Women entrepreneurs face barriers to participating in the formal economy, including challenges with securing external financing, meeting bank qualifications, and unavailable human resources. At present, the Government of Indonesia also aims to have 62.9 million MSMEs in the country adopt digital payments by 2025. KoinWorks connects borrowers to willing lenders so that small businesses can get access to the credit they need to finance #growth, especially underserved businesses without access to banks. KoinWorks provides financial support through access to #digitallending, #investments, #neobanking, #billing, and #learning products in its app. MSMEs on KoinWork’s platform can access point-of-sale systems, #EWA products, and #humanresources management systems tailored to small businesses. KoinWorks offers a route for trustworthy access to financial solutions for underserved MSMEs, bolstered by rapid digitisation, supportive policies and regulations, and broadened access to the digital ecosystem. Download the full case study here: https://lnkd.in/gbfcph6A

Last week, we had the opportunity of speaking at the Certified Wealth Managers' Association Global Executive Program 2024 in Bali, which aims to enhance the wealth management profession through education, research, product creation, and global and local networking opportunities. Angelique Timmer, our Chief of Impact and ESG, emphasized the importance of MSMEs in Indonesia and the possibilities for impact investing. Our VP of Wealth Management, Dr.(c) Willy Sanjaya, SE, M.Akt, CFP?, AEPP?, CWPP ,CP.NLP, CSSP, CPS, CCSM, CIFA, CPRM?, CIFM?, CWM? also participated in the event to obtain his Certified Wealth Manager certification. Find out the key points from Angelique's talk below. 1. Dominance of MSMEs: MSMEs make up 99.9% of all businesses in Indonesia and contribute over 60% to the national GDP. Despite their significant contribution, many remain underbanked, highlighting a vast untapped market for innovative financial solutions. 2. Impact Investing: This approach seamlessly blends the pursuit of financial returns with a commitment to positive social and environmental outcomes. It's an essential tool for addressing global challenges, from climate change to economic instability. 3. Fintech and MSMEs: Fintech platforms, like KoinWorks, leverage data analytics to provide faster and more accessible funding solutions tailored to MSMEs. This democratizes access to finance, empowering MSMEs to secure the capital they need efficiently. 4. Significant Social Impact: Investing in MSMEs not only yields financial returns but also drives substantial social impact. At KoinWorks, our investments have led to an average 37% increase in business revenue and the creation of 2-8 jobs per loan disbursement. 5. The Future of Digital Finance: Indonesia's digital economy, currently representing 6% of GDP, is poised for significant growth. Digital tools and payment systems will be crucial in bridging the US$ 76 billion economy gap by 2025. By continuing to support MSMEs and harnessing the power of fintech and impact investing, we can create a more inclusive and sustainable economic landscape. ???? #ImpactInvesting #Fintech #MSMEs #SustainableGrowth #KoinWorks #WealthManagement #EconomicDevelopment #DigitalEconomy #ESG

?? Exciting Collaboration!?? Earlier this week, KoinWorks partnered with AC Ventures for an exclusive learning session on "How Startups Can Unlock Hidden Revenue through Money Management," designed specifically for AC Ventures' esteemed partners. Our Chief of Growth, Nathan Yoles, shared invaluable insights on investment trends and the unique opportunities within Indonesia's market.? ???? On this session, Nathan shared these key money management strategies for startups to thrive in a competitive market : - Plan Your King: Mr. Cash, effective cash flow management is crucial - Stay Lean, streamline operations and cut unnecessary costs - Kill Eternal Promises, prioritize actionable results over unfulfilled commitments - Constantly Optimize AR, regularly refine accounts receivable to improve cash flow - Aggressively Go for the Efficient Frontier Portfolio, invest strategically to maximize returns - Choose Your Strategic Financial Partners, collaborate with partners who align with your financial goals and support The event brought together key partners of AC Ventures, creating a fantastic platform for collaboration and learning. We wrapped up the evening with a vibrant networking session, featuring lively discussions, delicious snacks, and drinks. A big thank you to everyone who participated! ??? #KoinWorks #ACVentures #StartupGrowth #Networking #Collaboration

KoinWorks Wins Sustainable FinTech Award - Indonesia! ?? We are thrilled to announce that KoinWorks has been honored with the Sustainable FinTech Award - Indonesia at the prestigious Asian Banking & Finance Awards 2024! The grand ceremony, held on 4 July 2024 in Singapore, celebrated the remarkable achievements and innovation in the banking and finance industry, including Wholesale Banking, Retail Banking, Corporate and Investment Banking, and for the first time, the FinTech sector. This award demonstrates our ongoing commitment to long-term financial solutions and innovation, particularly in support of MSME's. At KoinWorks, we are committed to supporting long-term business growth for MSMEs, ensuring their success and constructive contribution to the economy. We are incredibly proud of our team and grateful for the support of our community. Together, we continue to make a positive impact in the world of finance. ?? Read more about our achievement and the award here : https://lnkd.in/gjiqXiK5 ??