PT Quark International Indonesia Acquires Inclusive Finance Platform Kredinesia in Indonesia

PT Quark International Indonesia announced that it recently acquired an inclusive finance platform that is registered with OJK (Indonesian Financial Services Authority) as a fintech lending platform. The company in light is Kredinesia and it is managed by PT. Kreditku Teknologi Indonesia, is headquartered in Indonesia. The acquisition continues Quark International Holding’s commitment to increase digitalization and financial inclusion in Southeast Asia. Kredinesia is a platform facilitating capital access to underserved individuals. The platform bridges the gap between potential borrowers and lenders, in Indonesia, enabling individuals to obtain loans directly from other individuals. It is available to be downloaded on Google Play and already has had more than 1 million installs since 2019. Kredinesia has accumulated loans worth Rp 1476mn since its establishment and more than Rp 62mn in 2022 so far. PT Quark International Indonesia is poised to be the next-generation company to enable local small and medium enterprises (SMEs) and financially underserved segments, such as unbanked and underbanked individuals, to access a suite of inclusive financial services. Apart from providing inclusive financing services, the company is a Software as a Service (SaaS) provider whereby it develops and offers an array of scalable, customized, and optimized software solutions for companies. “The acquisition of Kredinesia will accelerate our business operations in Indonesia, one of the highest populated countries in the world, and better serve the digital lending needs for the underbanked economy. The inclusive finance capabilities of Quark will be bolstered by this partnership and we hope to scale across Southeast Asia by tapping into synergies between the companies”, PT Quark International Indonesia’s Spokesperson said in a statement. This acquisition means that PT Quark International Indonesia can now legally involve itself in inclusive financing activities in Indonesia through Kredinesia. Quark can employ its proprietary credit scoring system for individuals, robust data-driven risk management system to provide efficient and reliable micro-lending to Kredinesia’s clients. The combination of the resources and competencies of both companies will provide a strong platform for further growth. Source: https://finansial.bisnis.com/read/20221007/563/1585320/pinjol-kredinesia-dicaplok-quark-international-kuasai-85-persen-saham About Kredinesia Kredinesia is a platform facilitating capital access to underserved individuals and is licensed by OJK (Financial Services Authority). The platform bridges the gap between potential borrowers and lenders in Indonesia, enabling individuals to obtain loans directly from other individuals. The application is available to be downloaded on Google Play and already has more than 1 million installs since 2019. Kredinesia has accumulated loans worth Rp 1476mn since its establishment and more than Rp 62mn in 2022 so far. https://www.kredinesia.id/id/index.html#/   About Quark International Holdings Quark International is one of Asia’s fastest-growing financial technology groups. Quark is incorporated in Singapore and has existing operations in Asia, America, and Africa continents. Quark employs unparalleled technology to develop financial mobile applications that enable people to access financial solutions non-traditionally in an approved regulatory environment. Its mission is to create easy access to financial solutions and financial literacy knowledge via technological means such as mobile phones. Overall, establishing a sound financial infrastructure elevates the quality of life and reduces social inequality.   For Strategic Partnerships Feel Free to drop us a line: [email protected]