Zenith Accelerator Finalist Startup Realizes Synergy with Mandiri Group

After going through an intensive program for 4 months, Zenith Accelerator batch The first time formed by Mandiri Capital Indonesia (MCI) reached its peak event. The six Zenith Accelerator finalist startups are known to have developed strategic synergies with Bank Mandiri.

Zenith Accelerator has the ultimate goal of generating synergy and support for strategic initiatives between participating startups and the Mandiri Group. Likewise support investment from MCI. 

Zenith Accelerator finalist participants have been coached intensively since October 2023 after following intensive coaching starting from the session mentoring, synergy creation, to acceleration. The six startup finalists who took part in Zenith Graduation Day include AI Rudder, Fishlog, Imajin, Lifepack, Practical, and Rekosistem.

1. AI Rudder; developer of AI-based robots to automate customer service.
2. Fishlog; solution developer aqua culture for the fisheries cold chain industry.
3. imagination; manufacturing hub for local producers.
4. Lifepack; provider of digital-based pharmaceutical products and medical services.
5. Practical; provider of data-driven supply chain solutions for brand D2C.
6. Recosystem; provider of waste management solutions with environmentally friendly technology and methods.

“We are committed to accelerating innovation and sustainable growth throughout the Mandiri Group ecosystem. "The successful integration of the six finalist startups with our business units is not only a step forward in strategic cooperation, but also proves a significant increase in operational efficiency and creation of added value for the Mandiri Group," said Mandiri Capital Indonesia CEO Ronald Simorangkir.

Each finalist was revealed to have developed a solution that is integrated into the Mandiri Group ecosystem. First, AI Rudder integrates technology voice assistant to simplify the credit collection process and increase the work efficiency of collection agents at Bank Mandiri.

Second, Fishlog and Bank Mandiri present a scheme loan referral which allows credit facilities to partners in the fishing industry. Third, Imajin and Bank Mandiri facilitate loan referral which allows credit loans to Imajin manufacturing partners as well as investment credit for machine purchases.

Fourth, Lifepack integrates the KUM Talangan product which facilitates LifePack partner pharmacies to obtain credit facilities for purchasing medicines through LifePack's Tetama platform. Currently, there are 31 thousand pharmacies that have potential funding for Bank Mandiri's KUM Talangan product.

Fifth, Practical and Bank Mandiri present a scheme invoice financing which supports more than 300 brand Practical partners to obtain credit facilities. Finally, MCI and Menara Mandiri synergized with Rekosistem to build waste recycling facilities (waste station) to support Bank Mandiri to achieve its Net Zero Emission (NZE) target operationally.

Meanwhile, the highlight of the Graduation Day event was also attended by a number of stakeholders, namely the Mandiri Group business unit, MCI portfolio, BUMN and private agencies.

“These programs not only prepare startups to penetrate the global market, but have also produced a number of results business deals which is significant. This collaboration marks MCI's full commitment to building a conducive startup ecosystem, encouraging innovation and ensuring sustainable growth." Close MCI Chief Investment Officer Dennis Pratistha.