1. Startups

PIKKAT and Avantee Collaborate, Making It Easier for Retail MSMEs to Access Capital

PIKKAT is a digital solutions provider for MSMEs; while Avantee is a p2p lending platform

PT Pikkat QTA Retail Servisindo (PIKKAT), startup provider of integrated retail management solutions for MSMEs, announced collaboration with PT. Grha Dana Bersama (Avantee), fintech startup P2P lending.

This collaboration is part of the service PICKAT for its partners who are MSME players, such as stalls and shops, to get quick, easy and safe access to capital with risk management carried out digitally.

PIKKAT was founded in Jakarta by Herman Bg and Iman Pribadi with more than 15 years of experience in the world of retail and financial services. PIKKAT, an abbreviation for "Pick the nearest store" offers a variety of services including POS systems, inventory management, customer management, marketing strategies, and financing accessibility. Its mission is to help MSME businesses manage their operations more efficiently by integrating various functions, encouraging growth and ease of use.

Iman Pribadi, one of the founders of PIKKAT, explained that based on survey results released by an independent institution, more than 80% of Servisindo's (PIKKAT) detailed daily shopping transactions, startup provider of integrated retail management solutions for MSMEs, announced collaboration with PT. Grha Dana Bersama (i Indonesia occurs in stalls or retail shops of more than 3 million MSMEs.

However, many stall or retail shop owners have difficulty developing their business and profits optimally due to a lack of competence in managing a retail business, starting from customer satisfaction, product and inventory management, operational efficiency, to capital support.

Currently, PIKKAT has collaborated with various parties, including large distributors, local governments and educational institutions to introduce its solutions to MSME players. The PIKKAT POS solution has been used in Tangerang to support the digital stall program initiated by the Tangerang city government and Buddhi Dharma University. Similar activities are also taking place in Jakarta, Depok and Bandung.

Avantee is PIKKAT's first business partner from the financial services industry which provides financing solutions for MSME stall/retail shop operators. Avantee, led by Firman Wiranata and Minto Liem, provides various productive loan products for MSMEs, such as invoice financing, PO refinancing, project financing, multipurpose financing, and Earned Wage Access (EWA) or Cash Bon.

Currently, Avantee has developed productive financing products for MSME stall/retail shop operators and Cash Bon products for purchasing daily necessities for employees, in collaboration with PIKKAT.

It is hoped that this collaboration will have a positive impact on the development of MSMEs in Indonesia, facilitating access to capital and increasing financial inclusion in the retail sector.

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Disclosure: This article was produced with AI technology and supervision of the content writer
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