Modalku Leads the First Fintech-Banks Joint-Financing Collaboration

By Editorial Team 23/09/2019
Summary

PT Mitrausaha Indonesia Grup (Modalku) signed a joint-financing agreement with three microcredit banks (BPR) to collectively help fund the micro, small, and medium enterprises. The banks, PT BPR Varia Centralartha (Bank Varia), PT BPR Bekasi Binatanjung Makmur (BPR BBTM), and PT BPR Sukawati Pancakanti (BPR Kanti), represented two different areas: Bekasi and Bali.

Modalku Co-Founder & CEO Reynold Wijaya, Bank Varia President Director Paulus Rasubala, BPR BBTM President Director Hiras Lumban Tobing, and BPR Kanti President Director Made Arya Amitaba, signed the historic agreement. The banks and Modalku planned to expand the reach of the funding for the micro, small, and medium enterprises (UMKM) through a joint financing scheme.

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