Modalku provides funding solutions for Zilingo merchants

11 September 2019 11:26

JAKARTA - Modalku, a digital lending Peer-to-Peer (P2P) platform and Zilingo, one of the leading sales platforms, has begun a collaboration aimed at providing funding solutions for Zilingo merchants through efficient digital processes.

Reynold Wijaya, Co-Founder & CEO of Modalku, said, "Modalku supports MSMEs by providing access to business capital loans. Our partnership with Zilingo has become a valuable opportunity to expand our market reach, not only in Indonesia but also in Singapore. All of this, is in line with the Modalku group's vision to empower MSMEs in Southeast Asia."

Through this collaboration, Modalku can make credit assessment decisions using alternative data so that decisions are made based on more comprehensive information and more responsible loan structures. At the same time, online merchants can access business capital in a timely manner so they can immediately buy business needs and develop their business.

This additional cash flow from Modalku is also very useful when the sales season is busy, where e-commerce merchants can use funding to serve increased order volumes and increase revenue. (LM)

© 2020 - IDN Financials - All Rights Reserved.