KoinWorks Continues to Add Financial Services to the Application, Strengthening the Vision to Become a "Super Financial App"

The weakening condition of the Indonesian economy has prompted the government to act quickly to avoid the worst-case scenario. In this case, the community has an important role in moving the wheels of the nation's economy. Mutual support between the government and the community will be the key to boosting the nation's economic recovery.

One of the government's efforts in the investment sector is through the issuance of state securities (SBN). With the issuance of SBN, the government "borrows" funds from investors to be used for APBN needs. On the other hand, investors will get a profit called a coupon (interest) from the placement of funds in the SBN.

KoinWorks, which recently expanded their business scope into the realm of investment mutual funds, strengthen its commitment to be SuperFinancial App by adding asset diversification options for users through the KoinBond investment product. In this initiative, Koinworks synergizes with the Ministry of Finance and becomes a distribution partner fintech for the sale of notes and bonds.

KoinBond itself can be found in the KoinWorks application on KoinRobo. Through this feature, users can purchase various investment products guaranteed by the state such as Saving Bond Retail (SBR), Indonesian Retail State Bonds (ORI), as well as sharia bond products such as Retail Sukuk and Savings Sukuk. Some players have also offered similar products such as Bareksa, investree, and others.

Benedicto Haryono as Co-Founder & CEO of KoinWorks in his official statement said, "The presence of KoinBond is one of KoinWorks' steps to participate in efforts to recover the country's economy and answer the community's needs regarding low-risk financial products, especially in the face of a pandemic and the threat of an economic recession. Through KoinBond, KoinWorks has also re-established itself as a platform SuperFinancial App which provides a variety of financial products and will participate in the sale of Retail State Sharia Securities (SBSN Retail) series SR013 which is planned to be offered at the end of this August.”

SuperFinancial App

When it comes to its growing services, it is not limited to p2p loans Of course, his party also said that the scheme p2p loans only one of many asset development instruments. Meanwhile, all financial service development at KoinWorks is based on basic financial needs aimed at personal and business.

"There are many asset development instruments and the public is always advised to diversify assets to anticipate risks. For this reason, there are several new financial service products at KoinWorks outside p2p loans. So that users can easily diversify assets in the same platform," he added.

About the ambition to be SuperFinancial App, he acknowledged that from the start their vision was to enable everyone in Indonesia to realize their aspirations and dreams through equal access to financial services for the creation of financial inclusion in Indonesia. Scheme Super Financial App This is felt to bring KoinWorks closer to their vision from the start.

"KoinWorks' transformation into SuperFinancial App based on how we respond to market needs for a variety of financial services for personal and business, and the mission for financial inclusion in Indonesia," he explained.

Currently, KoinWorks has a variety of financial products that can be selected according to the financial needs and risk profile of each individual and business. Like funding p2p loans through KoinP2P and KoinRobo, gold investment through KoinGold, investment in government securities through KoinBond or productive loans through KoinBisnis, as well as features salary advance recently launched CoinSalary.