Investree announces collaboration with Bank Jago
JAKARTA - The pioneer of fintech lending which is now developing into an integrated digital business solution for SMEs, Investree, announced a partnership with PT Bank Jago Tbk. Both of them carried out a channeling collaboration where Bank Jago joined as an Investree Institutional Lender. This collaboration can help Small and Medium Enterprises (SMEs) to rise and recover from the economic crisis caused by the COVID-19 pandemic.
This channeling scheme has the definition of providing credit/financing from the crediting bank (in this case Bank Jago) to the recipient (in this case the SME actor or Borrower at Investree) through an intermediary, namely Investree. In addition to adding strength to the ranks of Institutional Lenders owned by Investree, this collaboration is also the first synergy carried out by Investree with digital banks in Indonesia.
“The inclusion of Bank Jago as one of the Investree Institutional Lenders further strengthens the position that fintech is not a competitor to banks but a complement. We complete the banking function, especially in meeting the public's demand for more practical access to financing. Especially now that the pandemic is still ongoing and many SME players are trying to maintain their business. Our attention and efforts will focus on their recovery and empowerment so that the SME business can run sustainably," said Investree's Co-Founder & CEO, Adrian Gunadi.
This partnership makes it easier for Bank Jago as a Lender or Institutional Lender to fund loan offers submitted by Borrowers, the majority of whom are SME activists from various business sectors through the Investree platform. Especially for business entities that have not met banking requirements in obtaining financing. From each fact sheet that will be provided by the Investree, Bank Jago will choose a loan offer according to their preferences and risk profile. For now, the distribution of financing will not be limited to certain business fields or sectors. This means that Borrowers from any line of business have the opportunity to be financed by Bank Jago. And in this collaboration, Bank Jago is committed to providing a loan disbursement figure of Rp 100 billion. (LM)