Indonesia: Bank Jago to extend loans to merchants without collateral but with digital proof showing viable business

  • 📰 staronline
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 75%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Ampun Bank Jago.

Merchants with good sales track records may apply for a loan by showing digital records of constant revenue or viable business operations, and will not need to pledge any asset as collateral.

Singapore-based private equity fund Northstar Group, which has a major stake in Bank Jago, has previously co-invested with GIC in the financial service and resources sectors. Regarding Bank Jago's go-to-market strategy, Northstar co-founder Patrick Walujo told The Straits Times:"Experience shows that the most successful banks are usually those that work very closely with a large digital ecosystem.

Gojek boasts millions of drivers and food merchants, while Tokopedia on Tuesday said its merchant partners stood at 9.9 million as at end-2020. Gojek does not disclose these numbers.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 4. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

new local bank or foreign bank ?

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Alliance Bank named Malaysia's Best Trade Finance BankKUALA LUMPUR: Alliance Bank Malaysia Bhd has been named 'Best Trade Finance Bank in Malaysia” by Global Banking & Finance.
La source: staronline - 🏆 4. / 75 Lire la suite »