Member News: Investree remains strong and grows in the time of COVID-19 pandemic

Feb 08, 2021

The COVID-19 pandemic, which began in the beginning of 2020 brought a significant impact to the society and especially for Indonesian SMEs, which is said to be the backbone of the country’s economy. Looking at the important role of SMEs in Indonesia, Investree, as a pioneer in fintech lending which is now becoming into an integrated digital business solution for SMEs and continues to be committed to support the growth of the Indonesian economy by becoming a trusted partner for SMEs to access finance/capital.

Unique initiatives that Investree did – they went beyond lending to introduce ‘Billtree’ which helps SMEs access financing through e-invoicing, So far, billtree has been adopted by one of the suppliers in the ecosystem of investree - furniture and interior design company – Fabelio. They also focus on working with the ecosystem to provide financing support with a supply chain scheme especially during the pandemic.

Investree also works to move the retail sector by working with microfinance partners to provide productive financing. Investree helps direct productive loans to online sellers. Then, Gramindo – investree helps direct loans to their women customers who don’t have access to banks and distributing 30 billion rupiah in financing to fishermen in the e-fishery ecosystem.

Throughout 2020, Investree had restructured loan facilities for 7 SMEs or borrowers impacted by COVID-19 with a total restructured loan of 9.86 billion Rupiah. This is referring to the amendments on the countercyclical policy on the impact of the spread of the coronavirus of NBFIs; determining the asset quality in the form of financing and restructured loans for debtors affected by COVID-19

Meanwhile, in terms of lenders, investree strengthens credit insurance protection by working with insurance partners. This feature is one of the Investree’s mainstays that was highlighted during the pandemic because of its benefits that can provide a sense of calmness to lenders. At investree, all types of financing, both conventional and sharia, are protected by insurance so that lenders can comfortably continue to lend according to their preferences.

2021 strategy

Under “Beyond Lending”, strengthen collaboration with important stakeholders within the investree ecosystem. Improve AI capabilities in supporting credit scoring, verification, decision making, monitoring of SMEs.

Investree will become more than a fintech lending platform. ‘Beyond lending’ initiative is able to support SME activities from upstream to downstream so that they are able to grow until post-pandemic, including by focusing on the ecosystem to build synergy between stakeholders.