1. Startups

Alumak Services Make it Easy for SMEs to Find the Right Digital Platform

Linked to Aspire's previously known financial technology services, under the same investor parent

To make it easier for SMEs to run their businesses during the COVID-19 pandemic, Alumak Indonesia, a financial technology startup that provides digital accounts and credit cards for businesses, launched a directory platform that collects discounts and free access to business applications and services.

To DailySocial Head of Growth Alumak Donnie Silalahi said that the directory platform is expected to make it easier for them to continue to run their business as usual.

"In this platform, we are not alone, but rather collect various special offers that are also provided by various technology companies to make running a business easier from home."

For business needs, Alumak also offers free bank transfer fees during the April 2020 period, free account opening without initial deposit balance, and no monthly admin fees. In addition, from partners and other technology companies, there are also special offers that can be enjoyed.

Through the site TogetherAtHome. co, users can take advantage ranging from free access to virtual applications workplace to work remote, financial services, to software remote attendance for employees.

"There are already more than 50 collections on this platform. Hopefully it won't stop there, other technology players will also contribute to adding new collections for the sustainability of SMEs," said Donnie.

Different entities with Aspire

What is the relationship between Alumak with Aspire, which is a digital banking service platform, Donnie emphasized that Alumak Indonesia is a different entity from Aspire.

"For Singapore and Thailand the platform (Aspire) still exists, only in Indonesia which no longer exists. Previously, what Aspire offered was only a line of credit. revolving, similar to Overdraft Loans. Alumak offers more services through partnerships with licensed technology platforms," ​​said Donnie.

Alumak Indonesia and Aspire have the same investor, namely Aspire PTE Ltd. In particular, Alumak provides various banking services for small businesses through collaboration with registered financial institution partners. Alumak products include multi-functional business accounts to manage business financial needs and assist SMEs in obtaining business loans through partners.

Founded in January 2018 by former Lazada founders and executives, the company graduated from Y Combinator for the Winter 2018 batch and is part of the YC Sustainable Growth program for the Winter 2020 batch. enter the Sandbox phase.

"We want to open inclusive access to more financial services for business people. Some of the major projects that we will launch this year include, application mobile banking dedicated to business in the middle of this year, launched corporate cards with rewards management productive and easy access, and other services such as transfers between countries at affordable costs," said Donnie.

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