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Fintech Lenders in Indonesia to Support Government with Disbursing Loans to SMEs as Part of COVID Relief Effort




Asosiasi Fintech Pendanaan Bersama Indonesia (AFPI), which is an association of 156 Fintech lenders, is reportedly planning to work cooperatively with the Indonesian government to distribute funds that are meant to offset the economic problems and challenges created due to COVID-19.

As of September 2020, the Indonesian government has issued 25% of the planned IDR 695 trillion (appr. $46.8 billion) it has set aside for COVID-related financial relief for local businesses.

The AFPI has been creating credit profiles for various Indonesian businesses. The association has reportedly collected data on 25 million local entities since June of this year.  AFPI manages this data by using appropriate analytics tools developed to reach underbanked or financially underserved Indonesians and their micro-, small and medium-sized enterprises (MSMEs). The data may be used to assist with disbursing COVID relief funds to local residents and businesses that the government is planning to help.

Most of the AFPI members offer peer-to-peer (P2P) lending services.

Chatib Basri, a member of the advisory board at AFPI stated:

“One of the merits of P2P platforms is data. And this data is the main problem in the disbursement of [funds from the government, whose]… data is outdated, especially for the lower-middle-income segment…. There needs to be a good collaboration between regulators and the industry. Collaboration on data could be a ‘quick win’….”

Adrian Gunadi, chairman of the Indonesian Fintech Lenders Association (AFPI), confirmed on September 23, 2020 that P2P lender Investree had received an allocation from the State’s Bank Mandiri so that it can disburse the funds as part of the national economic recovery plan. As reported by the Jakarta Post, the funds will be provided to several small business owners.

Adrian, whose comments came during the Jakpost Fintech Fest (a virtual discussion/event), noted:

“That is one way we could see fintech playing a very big role, especially when everything is going digital because of the pandemic. The government is moving toward a less-contact economy.”

He added:

“I think that is where fintech will become more relevant. It has to be part of a bigger ecosystem for us to be able to accelerate the relief effort for Indonesia.”

Ravi Ivanuri, an advisor at Big Four auditing firm PricewaterhouseCoopers (PwC), said that financial authorities in other countries had been working toward improving their digital financial services during these unprecedented times. However, he claims that Indonesia is leading the charge in the Southeast Asia region when it comes to developing and supporting a Fintech-friendly environment. But Ravi also recommended that more coordination is required between regulators and local businesses.

He also mentioned:

“Maybe in the next one or two or three years, if there is more and more collaboration set up between these regulatory authorities, there will be more clarity for fintech players in terms of how to comply with these different regulations.”

As of June 2020, there were 161 licensed or registered P2P lenders operating in Indonesia. Only 12 of them are Sharia-compliant, according to recent data from the OJK, the nation’s financial regulator. The nation’s P2P lending platforms have managed to help around 20.6 million borrowers by connecting them with 539,460 lenders.

But COVID has had a major negative impact on certain segments of Indonesia’s Fintech sector. Its non-performing loan (NPL) ratio has jumped to 7.99%, which is part of a worsening trend that began in March 2020 (when the Coronavirus crisis began). The NPL stood at 4.22% in March 2020, which is significantly more than the 2.62% from last year.



Taking LSD Could Help Your Career




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Earn $10,249 a Year in FREE “Crypto Income”




Last December, I wrote to you about a new way to make money with cryptos.

It didn’t involve risking your money on high-risk crypto tokens. Instead, it was a way to earn safe, consistent income — for FREE — month after month.

In fact, as I’ll explain today, if you’d followed my advice, you could have earned as much as $10,249 over the past year.

But if you didn’t follow my advice, not to worry…

Because as I’m about to explain, you can still take advantage of this strategy today…

Let Me Introduce You to Sandy

Before I reveal this powerful income-generating strategy, let me introduce you to someone:

Her name is “Sandy” — or, as she’s more commonly known, Hurricane Sandy.

Sandy hit New York on October 29th, 2012. According to Business Insider, it was the “worst storm to hit the area since at least [the year] 1700.”

It dropped over 14 feet of water on lower Manhattan, and it left millions of residents without power, cell phone service, or the internet.

People had no way to get in touch with their loved ones, or to get access to emergency info.

But for residents of a tiny neighborhood in Brooklyn, it was quite a different story…

A Peer-to-Peer Network Saves the Day

When Sandy hit and the internet went down, a small group of technologists in an old industrial neighborhood called Red Hook sprang into action.

They set up a “peer-to-peer” network called a “local mesh network.” This enabled residents to connect to each other’s computers directly, so they could communicate.

Everyone else was trying to get online the traditional way: by connecting to a single server. But since that single server wasn’t working, they were out of luck.

Here’s an image that shows a traditional network versus a peer-to-peer network:

As you can see, there’s no “middleman” in the peer-to-peer network…

So there’s no single point of failure!

This Could be Huge

This type of peer-to-peer technology is a big deal…

The next time a natural disaster occurs — or God forbid, if there’s a terrorist strike — it could keep people online and connected.

This explains why Grandview Research estimates that, by 2025, such networks could turn into a market worth $11 billion.

It also explains why venture capitalists are pouring money into this sector. For example, Union Square Ventures recently invested $15 million into a peer-to-peer networking startup.

And as it turns out, you could profit from this deal, too.

Let me explain…

Introducing: Helium

Union Square Ventures is one of the most successful venture firms in the country.

It was an early investor in billion-dollar startups like Twitter and Tumblr.

And now it’s invested in a peer-to-peer networking startup called Helium.

Simply put, Helium has built a simple device that acts as a “hot spot.”

Once you put the device in your home, people in your neighborhood can use it to connect to each other instantly.

This device is a breakthrough. You see, when the Red Hook technologists set up their network during Hurricane Sandy, they encountered huge problems. For example:

  • They had to create their own custom software.
  • They were forced to rely on inefficient hardware and unsecure connections.
  • They had to pay huge electricity bills.

But Helium fixes all of these problems in one fell swoop. And now, during an emergency, a Helium network could mean the difference between life and death.

And that’s why Helium wants to incentivize you to set one up…

New Crypto: Helium Tokens

Simply put, if you set up a Helium network, you can earn real money.

Here’s how it works:

  • Helium has created a crypto-currency called Helium Tokens (HNT).
  • To earn these coins, you just need to set up and maintain a Helium network.
  • And because these coins are traded on various crypto exchanges, you can exchange them for real dollars.

Fred Wilson, a partner at Union Square Ventures, has earned roughly 8,266 Helium Tokens since he first set up his device a year ago.

Based on the current price for Helium Tokens, that works out to roughly $10,249 in extra income in the past year alone!

And now you have the chance to start earning income like that, too!

Cash-in on Cryptos Today

Keep in mind: to get started, you’ll need to pay a few hundred dollars for the Helium device.

But once you own the device, you essentially have a source of free income.

To learn more, visit Helium’s website here »

Happy investing!

Best Regards,
Wayne Mulligan
Wayne Mulligan



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easyHire: Disrupting the £23B Equipment Hire Market




When investing, your capital is at risk.

If you recognise its distinctive orange branding, you’re among the 90% of people in Europe who are familiar with the easy family of brands.

They have every industry covered, including now equipment hire, the market easyHire has taken by storm. Having raised £1.5 million from leading investors, easyHire are gearing up to disrupt the £23 billion European market for event and construction equipment hire. They already have 3 million pieces of inventory online (and counting) and have raised over £460,000 from more than 500 investors in their crowdfunding round which hit its target in just a few days. 

We sat down with co-founders Andrew Guzzoni and Dennis Helderman to find out what’s in store for the household brand with global ambitions.

What is easyHire’s vision?

Our technological vision is to be a truly globalized business built off one platform, in the cloud, and support every country’s equipment hire ecosystem instantly with live updates and real-time upgrades. We aim to transform Europe’s leading value brand into a global force making equipment hire easy and affordable to all.

What gap in the market is easyHire solving?

As it stands, the equipment rental market is incredibly fragmented. There are thousands of hire companies across Europe with no strong consumer brand that are operating in a £23 billion market. The sheer value of the addressable market means a value-driven approach is perfect.

easyToolhire and easyEventhire franchises have the potential to create the first truly pan-European rental brand. We partner with independent hire operators in protected territories, giving them the leverage of an internationally known brand so they can reach a broadened customer base they wouldn’t otherwise have access to.

The tool hire industry has traditionally been a handshake industry. There hasn’t been much digitisation of technology application which makes it difficult for independent operators to meet the demands of an increasingly online, customer-focused market. They don’t have the infrastructure to manage all the technology solutions that are required to make this market seamless and streamlined for customers. easyHire offers turn-key digitisation – our API-led strategy focuses on integrations for business functions such as inventory management, CRM systems, payment processing, digital customer portals providing past/current hires, invoices, team management, smart recommendations (AI), and much more. Our franchises can reap the rewards of world class technology at a fraction of cost and at a touch of a button.

Over time we also have clear network effects. The larger our franchise network gets, the more we’ll be able to reduce costs for franchise partners by acting as a buying group for their supply chain. It’s ultimately internationally scalable and has huge potential to totally revolutionise this industry.

What are the benefits of the franchise model?

Operating a franchise model allows us to partner with experienced independent operators on the ground that have been in the business for over ten years on average. We get to leverage their expertise, knowledge of specific domestic market needs, and onboard all of their inventory. In return, we deliver a brand that supercharges their marketing and a seamless user experience that allows them to multiply their customer touchpoints and control them through structured online operations.

What are the primary revenue streams for the business?

Our franchises trade through the easy brand for both online and physical sales. We have a number of revenue streams in our financial model and our pricing varies by franchise depending on their size and size of their local market. These include Setup Fees, Annual, Exclusivity Fees, Monthly SAAS platform fees, Royalty Fees – 10% of sales, and other miscellaneous fees such as insurance commissions that we currently have in the pipeline. 

How has easyHire adapted to changing conditions throughout the Covid-19 crisis?

The pandemic has changed the landscape of this industry, but in many ways for the better. Due to COVID-19 we focused on tool and plant hire in the construction industry and within months signed our first franchises in new markets such as Italy during the Pandemic. Growth has also accelerated because the entire industry has been forced to digitise much faster than it otherwise would have. Business owners are now more willing to invest in technology, to upgrade their online presence and optimise their internal systems and processes. An industry that was going to take 10 years to digitise is now doing it in 2.

What’s next for easyHire in the way of partnerships, international expansion and product development?

We’re very  grateful for the community response to our Seedrs campaign, and looking forward to taking the 500+ investors onboard with us on our journey! We have an incredibly exciting pipeline and roadmap. We are currently ‘live’ in the UK (see easyEventhire and easyToolhire) and Italy (see easyNoleggio), and will be launching in France and Spain in the coming months. We’re also unveiling some big digital upgrades for our franchises and have a few exciting partnership announcements that we will be sharing in due course

What’s the most important skill you’ve learned in running a business?

Dennis: One of the most important skills I’ve picked up running a business is patience. You have to trust the process. I’m always very ambitious with deadlines and getting things done, but when working with growing teams and other stakeholders, plans generally will take longer than expected to execute, compared to just doing it yourself. That’s normal and you have to accept it, and plan for it.

Andrea: Not everyone is like you and that’s a good thing! At the end of the day everybody is different and will approach topics or friction points from different perspectives. People have varying drivers, motivators, and reasons for doing things. While it can make things tougher, this diversity is what makes a great team do exceptional things.

To join over 500 investors backing the go-to destination for equipment hire, visit the pitch now.

Michaela Salomon

Michaela Salomon

Campaign Support Team


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