JAKARTA - PT Tokopedia and Modalku -an Indonesian marketplace and an Indonesian peer to peer lending fin-tech company- have recently launched a  new product called Modal Toko, a financing application for customers and merchants that can be accessed easily from Tokopedia.

AVP Fintech Tokopedia Samuel Sentana stated that Modal Toko provides an opportunity to all merchants of Tokopedia in expanding its business by obtaining an instant and more flexible working capital.  "Tokopedia sees high demand from merchants to access financing. Since it was launched in April 2019, there is a lot of merchants that can access working capital through Modal Toko," said he, in Jakarta.

Modal Toko covers more flexible financing within 3-12 months tenor. The debtor can access the financing up to Rp 300 million with the easier terms and conditions within two-three days of process. (LK/W)