1. Startups

Amartha Records Profit, Encourages Microeconomic Growth in Southeast Asia

Summary of Amartha Founder & CEO Andi Taufan's presentation at the Money 20/20 Bangkok conference

Amartha claims to have recorded profitability for 3 consecutive years. This was expressed in his participation at the Money 20/20 conference which took place in Bangkok, Thailand.

Founder & CEO Amartha Andi Taufan Garuda Putra emphasized that technological innovation and increasing financial literacy are the keys to increasing the competitiveness of micro businesses in Southeast Asia.

"We are focused on providing more equitable access to capital, especially outside Java, to support micro businesses which are the backbone of the regional economy," said Andi.

According to Andi, Amartha has invested in digital financial infrastructure which enables the integration of financial services for micro businesses in cities tier two and three in Indonesia. This includes loan servicing, payment systems, and building an internal credit score to facilitate access to working capital.

Apart from that, Amartha also takes an active role in impact investing trends is growing, with significant investment commitments from global institutions totaling $285 million in the last three year period.

"Our success in managing this impact investment not only shows profitability, but also our commitment to building an inclusive financial ecosystem in Southeast Asia," explained Andi.

More Coverage:

Amartha's commitment to promote financial inclusivity It is hoped that this will help more micro business actors in Indonesia and Southeast Asia to access the financial services they need, supporting more inclusive and sustainable regional economic growth.

Application Information Will Show Up Here
-
Disclosure: This article was produced with AI technology and supervision of the content writer
Are you sure to continue this transaction?
Yes
No
processing your transactions....
Transaction Failed
try Again

Sign up for our
newsletter

Subscribe Newsletter
Are you sure to continue this transaction?
Yes
No
processing your transactions....
Transaction Failed
try Again