Amartha
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Amartha’s business co-op for unbanked entrepreneurs has pivoted into Indonesia’s fastest-growing P2P lending fintech for women, with over 800% growth in loans issued.
Amartha’s business co-op for unbanked entrepreneurs has pivoted into Indonesia’s fastest-growing P2P lending fintech for women, with over 800% growth in loans issued.
Founder and CEO of Amartha
After graduating from Institut Teknologi Bandung with a degree in business, Andi Taufan started work on palm oil projects for IBM, traveling around Indonesia and meeting local farmers who were struggling to get small loans for their businesses.He left IBM and started Lembaga Keuangan Mikro (Micro-Finance Institution) to help rural business owners in 2010. Armed with a master’s in Public Administration from Harvard University in 2016, Andi managed to secure VC funds and transformed the original microloans co-operative into PT Amartha Micro Fintek, a P2P micro-lending platform.
After graduating from Institut Teknologi Bandung with a degree in business, Andi Taufan started work on palm oil projects for IBM, traveling around Indonesia and meeting local farmers who were struggling to get small loans for their businesses.He left IBM and started Lembaga Keuangan Mikro (Micro-Finance Institution) to help rural business owners in 2010. Armed with a master’s in Public Administration from Harvard University in 2016, Andi managed to secure VC funds and transformed the original microloans co-operative into PT Amartha Micro Fintek, a P2P micro-lending platform.
Norfund is the sovereign investment fund of Norway, established by the parliament in 1997 and owned by the Ministry of Foreign Affairs. The company has committed NOK 28.4bn in investments into 170 projects in developing countries as of 2020. Norfund has regional offices in Thailand, Costa Rica, Kenya, Mozambique and Ghana to support its activities in Asia, Africa and Latin America. In Asia, its core investment targets are Indonesia, Cambodia, Laos, Vietnam, Myanmar, Bangladesh and Sri Lanka. Norfund primarily invests in three key areas: clean energy, agriculture and fintech. The fund has invested in solar power projects and various food companies in India and various African countries. In Asia, Norfund has invested in Amartha, an Indonesian P2P lending fintech company providing loans to women-led microbusinesses. Norfund also invests in other venture funds, such as Southeast Asia-focused Openspace Ventures Fund III, to expand and diversify their portfolio.
Norfund is the sovereign investment fund of Norway, established by the parliament in 1997 and owned by the Ministry of Foreign Affairs. The company has committed NOK 28.4bn in investments into 170 projects in developing countries as of 2020. Norfund has regional offices in Thailand, Costa Rica, Kenya, Mozambique and Ghana to support its activities in Asia, Africa and Latin America. In Asia, its core investment targets are Indonesia, Cambodia, Laos, Vietnam, Myanmar, Bangladesh and Sri Lanka. Norfund primarily invests in three key areas: clean energy, agriculture and fintech. The fund has invested in solar power projects and various food companies in India and various African countries. In Asia, Norfund has invested in Amartha, an Indonesian P2P lending fintech company providing loans to women-led microbusinesses. Norfund also invests in other venture funds, such as Southeast Asia-focused Openspace Ventures Fund III, to expand and diversify their portfolio.
Amartha CEO and founder apologizes for Covid-19 letter that mixed government work with his business
Andi Taufan retracted the letter, saying haste to support Covid-19 prevention program led to administrative errors, after public uproar and allegations of conflict of interest
Ruangguru, Amartha founders made aides to Indonesian President
Seven young leaders appointed to assist President Joko Widodo in non-ministerial tasks, with an emphasis on innovation
Investing in Indonesia: The fintech companies driving a new influx of capital
With 66% of Indonesians not owning a bank account, fintech startups have come up with myriad innovative products to entice a new generation of retail investors
Indonesian P2P lending platform Investree expands to the Philippines
With local partner Filinvest Development Corporation, Investree Philippines will support the country’s SMEs with its lending-based crowdfunding platform
Growing together: a look at the Indonesia Fintech Association (Aftech)
The Indonesia Fintech Association sets an example of how professional associations can help new industries grow faster and better
P2P financing platform Investree raises Series C, with $23.5m in first tranche
Indonesia's Investree closes key funding amid Covid-19 crisis; is applying for licenses in Thailand and the Philippines in regional expansion
In Indonesia, equity crowdfunding is gaining in popularity among SMEs, challenging P2P lending
Equity crowdfunding platforms are offering new approaches to SME financing in Indonesia, with more players entering the market
CrowdDana: Taking the equity crowdfunding hype into the real estate sector
Beginning with boarding house projects, CrowdDana's new business model aims to more efficiently connect Indonesian SMEs needing funding with a growing pool of investors
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