Investree Introduces "AIForesee" and "Sahabat Bisnis"
Both of them present a platform to strengthen loan credit assessment for MSMEs
Marking its seven years of existence, Investree Group introduced Sahabat Bisnis and AIForesee to strengthen credit scoring (credit scoring) in supporting lending to MSME actors.
AIForesee and Sahabat Bisnis are under the auspices of Investree Singapore Pte Ltd which has a different focus from the parent company. AIForesee providing an alternative credit rating platform to support productive lending to MSMEs.
This platform wants to encourage MSMEs to understand their credit scores before applying for loans to financial service institutions, including financing platforms. This service has been registered with the OJK as an organizer of Digital Financial Innovation (IKD).
AIForesee uses Artificial Intelligence (AI) technology and alternative data owned by the ecosystem. Several variables were assessed, including projected financial health from average revenue and overall turnover, indicated payment behavior and bill payment promptness behavior, as well as business relationships with customers, the amount beg, and social media trends.
Meanwhile, Sahabat Bisnis (SABI) is a platform lending-as-a-service (LaaS) which provides integrated loan access to Micro and Small Enterprises (UMK). SABI wants to bridge the MSE ecosystem that needs capital support with financing institutions.
SABI also facilitated business health check to check the 'health' of the MSEs' business and credit assessment. His collaboration with AIForesee in the Investree Group ecosystem is a form of strengthening initiatives in providing integrated business solutions for MSMEs.
Adrian Gunadi, co-founder and CEO of Investree Indonesia and Investree Group, believes that growth will not occur without collaboration. This has been one of the company's main focuses since its inception through strengthening collaboration with various ecosystems so that it has more impact on MSME players.
apart lending, the company also builds, invests directly, or creates a joint venture with partners who are experts in their fields. Some of the results of Investree's collaboration, including e-procurement (Mbiz, Garuda Financial, and Pengadaan.com), e-invoicing (billtree), payment (OY!), as well paylater B2B (Andalin).
On this occasion, the company also explained positive business growth related to lending to creative MSMEs in Indonesia. Investree's Chief Sales Officer Salman Baharuddin said that the majority of borrowers came from the creative sector, where loans disbursed in 2022 amounted to IDR 1,290 trillion.
"Since 2015 until now, the total number of loans disbursed in this sector is Rp. 1,636 trillion to 327 borrowers. The business fields range from advertising and digital agencies, production houses, creative consultants, fashion to food and beverage," he added. .
As of October 2022, Investree managed to record a total loan facility of IDR 15,6 trillion and a loan value of IDR 12,14 trillion with an average yield rate of +16.3 pa and an average TKB90: 97,3%.
President Joko Widodo targets the digital economy to contribute 18% of total GDP by 2030. To achieve this target, the digital financial services or fintech sector plays an integral role in bridging the various payment and funding needs of the public and businesses.
Through the National Financial Literacy and Inclusion Survey (SNLIK), OJK is targeting Indonesia's financial inclusion rate in 2024 to be 90% from 76,19% in 2022. This means that there is still plenty of room for the government, actors in the fintech sector, and other stakeholders to encourage education for people in Indonesia.
To support the achievement of these targets, education to increase financial literacy and inclusion must also be boosted. Within the context of the month fintech Nationally, Investree will also be holding the annual "Investree Conference 2022 (i-Con 2022): Empowering the Grow7h of Creative Industry through Fintech & Digital Ecosystem" conference on December 14, 2022.
Investree will discuss more about fintech efforts lending to the rise of the creative industry which has contributed significantly to Investree's loan portfolio since its inception. In addition, strategy is also discussed pivot post-pandemic by the entertainment industry and digital banking solutions for the progress of this sector.