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Executive Column: Investree plans to go beyond SME financing
The peer-to-peer (P2P) lender’s CEO says he is looking to offer solutions beyond funding for SMEs as the company nears its sixth anniversary.
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Fintech Investree CEO Adrian Gunadi (Courtesy of Investree/-)
T
he COVID-19 pandemic has hit Indonesia’s small and medium enterprises (SMEs) hard. Many struggled to survive 2020, let alone thrive beyond 2021.
However, peer-to-peer (P2P) lending platforms have distributed Rp 15.7 trillion (US$1.1 billion) in loans in the first seven months of this year, a significant increase from Rp 3.51 trillion over the same period last year.
One of those lenders, Investree, has seen its business grow despite the pandemic and has distributed Rp 1.8 trillion in the first eight months of the year. The company also expanded its business to Thailand and the Philippines in March.
On Sept.10, The Jakarta Post’s Eisya A. Eloksari interviewed Investree CEO Adrian Gunadi to explore the start-up’s funding and expansion plans as well as its partnership strategy.
Question: Investree expanded to Thailand and the Philippines this year. Can you share with us your performance in each market?
Answer: Looking at our current data, the Thai market is more promising than the Philippines, because the response from the regulator is more open and supportive. However, we see that both countries have an active digital ecosystem.
