"Natural" SME Financing Aggregator Targets Sharia Fintech Market

The enthusiasm of the Indonesian people regarding services financial technology (fintech) based on sharia gave birth to various digital financial services that are starting to target this sector.

One of the services that is trying to enter this segment is Experience, an SME aggregator of sharia financing that was established in December 2017.

"We have the technology and credit rating follow the process rating of banking that is being developed for SMEs. Currently credit engine is being developed, we plan to launch it at the same time as Alami's official launch," Alami CEO & Co-founder Bembi T. Juniar told DailySocial.

Until now, Alami claims to have booked financing through sharia bank partners of Rp. 13,5 billion for two companies. Still running the process manually, Alami utilizes the internal network to end users who joined the Natural platform.

"The Natural Site itself is currently still in the development stage. It is planned that in April it will be available live and can be accessed by users," said Bembi.

Alami's technology is claimed to make it easier for SMEs to get easy and fast access from banks that have partnered with Alami. Currently, Alami has partnered with BNI Syariah, Bank Mega Syariah, and Jamkrindo Syariah.

"We also want to give social impacts namely by educating both the SME players and the Islamic banking side as partners for more aware with Islamic finance with all its advantages," said Bembi.

Expanding partnership with Kapital Boost

At the beginning of 2018, Alami has added another partnership. This time with the platform peer-to-peer lending (P2P) Boost Capital which helps SMEs secure financing with global investors seeking sharia-based investment opportunities.

This strategic partnership was established because of the common vision and mission with Kapital Boost to implement and support the sharia economy in Indonesia.

"Our form of collaboration is to make Alami a partner in channeling SMEs that are in need of business capital, and at the same time conducting initial qualification/screening of SME projects that are eligible to be funded by Kapital Boost investors," said Country Head Ronald Wijaya's Capital Boost Indonesia.