Investree Starts Debuting Paylater B2B Products, Get Andalin

Startups Investree introduces products paylater B2B to finance SMEs that require upfront payments. Startup digital freight forwarders Andalin is the first startup with Investree to launch this product.

In this collaboration, at an early stage, Investree offers access to customs and tax financing for SMEs in Andalin. Both Investree and Andalin included in the BRI Ventures portfolio.

In a joint interview DailySocial, Co-Founder & CEO investree Adrian A. Gunadi explained that in the last two years the company has focused on productive financing for a digital ecosystem that has many SME networks with large credit needs.

Investree's position as a company , opening up opportunities for the digital ecosystem to complement the needs of its SMEs, especially in terms of working capital loans. "Paylater This is to complement the chain financing products owned by Investree," he said.

Terminology use paylater it is now increasingly familiar to Indonesians as a substitute for credit cards. Thus, it is hoped that it will be more accepted if it is brought to the B2B sector, rather than using the term buyer financing for the same concept.

Andalin, he continued, is an interesting company because they are a 4PL logistics company that not only handles export and import affairs for SMEs, but also helps with administrative arrangements. Thus, SMEs can be reduced, no need to spend big at the beginning, so that the company's cash flow can be optimized. They can allocate these funds for more urgent needs.

"What are we Finance currently it is the money that SMEs need to pay for excise duty and all permits related to the goods they sell abroad. Because, the obstacles in the field, usually SMEs have good goods but have difficulty managing export permits because they need funds up front for payment.”

From the data quoted, it is estimated that the potential for customs and tax financing will reach $6 million (Rp86 billion), plus this opportunity has not been explored by many players. fintech who play in chain financing.

By entering the Andalin ecosystem, Investree has the opportunity to analyze the performance of SMEs based on historical data, such as the number of times they have exported, the average trade, and the transaction value. This alternative data is used before determining the risk and interest rate.

"We see that financing in this productive sector has many challenges, therefore we need to work together with the ecosystem because they are the ones who have historical data related to the performance of SMEs on the platform."

Separately, in an official statement delivered today (29/6), Andalin CEO Rifki Pratomo said, the partnership with Investree can encourage companies to mix attractive and competitive financial products, while implementing strong risks. "We believe that collaboration with Investree, starting with customs and tax financing, can be an important step to make changes in the field of global supply chain trade finance."

Related products paylater These have tenors ranging from two to three months, with interest rates ranging from 10%-20% for an effective year. The source of funds used by Investree for this product is from institutional lenders who have partnered with companies, such as Bank Mandiri, BRI Group, and Bank Danamon.

"We've partnered with dozens of Actioncalendar institutions, the majority from local banks and international institutions. For banks, this export-import segment is in line with their appetite because it has something to do with helping SMEs to level up.”

In the future, Investree will continue to intensify product distribution paylater for other digital ecosystems. There are a number of potential collaborations to be carried out, including with fashion companies and FMCG in which SMEs need working capital.

Adrian targets product paylater This B2B can contribute around 15% -20% of the company's total distribution of IDR 5 trillion. So far, financing products with the largest contribution are PO financing and invoice financing with a contribution of 80%.

The company will also bring paylater This B2B is for units business in Thailand and the Philippines because it is also needed by SMEs there. “We are also planning to improve features paylater This B2B is into the 2nd version, it is planned to be released in the second semester of this. Later all processes full host-to-host with finished API automated, if the first version is SMEs must register first on the Investree site, "he concluded.