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Fintech SCF firm Danamart seeks eastern Indonesian investors
SCF firm Danamart plans to add investors in eastern Indonesia and double its total investors to 2,000 this year.
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A small coffee business displays its goods and QRIS code at an MSME event in Bangli, Bali, on Sunday (9/8/2020). (Courtesy of the Tourism and Creative Economy Ministry)
H
omegrown fintech firm Danamart, which deals in securities crowdfunding (SCF), plans to add investors in eastern Indonesia, following its growth in the past five months, according to the company’s founder and CEO Patrick Gunadi.
Patrick told reporters in Jakarta on Thursday that the platform had garnered nearly 1,000 investors since it acquired a new permit in February, and it was extending its reach from Java to Bali, Sumatra and Sulawesi.
Danamart currently has 16 small and medium enterprises (SMEs) registered as issuers, or businesses using its platform to court investors, four of which have successfully secured enough funding.
“We are targeting to have 50 issuers by the end of the year and to double the number of investors to around 2,000,” said Patrick.
SCF is often seen as a prelude to the stock market, as the platform acts as a “feeder” that helps smaller businesses find investors and grow before they enter the stock market.
Through the SCF platform, SMEs can issue investment instruments in the form of shares, bonds or sukuk (sharia-compliant bonds).
“SCF firms could act as incubators and accelerators for small businesses in order to scale up and secure enough funds to do the actual initial public offering (IPO),” said Patrick.
