Broom provides access for dealers in automotives to get short-term loans by putting their car inventories up as collateral.
CardUp is a payment platform that enables individuals and businesses to make large expenses using credit cards, even for payments that traditionally do not accept card transactions, such as rent, insurance premiums, payroll, and supplier invoices. By offering a no-code solution, CardUp simplifies the payment and collection process, allowing business owners to manage cash flow effectively and automate payment processing without the need for software implementation. Users can also benefit from rewards on their existing credit cards, enhancing the value of their transactions. Operating in Singapore, Hong Kong, and Malaysia, CardUp is licensed by the Monetary Authority of Singapore as a Major Payment Institution under the Payment Services Act. The platform aims to streamline financial management for its users, making it easier and more efficient to handle significant payments.
Bank Index is a commercial bank based in Indonesia, established in 1993, that focuses on providing working capital and investment loans primarily to small and medium enterprises (SMEs). The bank aims to expand its market share within this segment by partnering with financial institutions, including rural banks and finance companies, to offer enhanced financial support to its clients. With a network of 42 branches and offices, 24 of which are located in Jakarta, Bank Index is positioned to serve a diverse clientele across major cities. The bank is majority owned by the Setiawan family, who have interests in various sectors, including financial services, sugar and flour refining, and property development.
Paper.id is a software-as-a-service startup founded in 2016 and based in Indonesia. The company provides a comprehensive platform designed for small and midsize enterprises to streamline their invoicing, accounting, and inventory management. By addressing the challenges faced by businesses that still rely on manual processes, Paper.id offers solutions that include digital invoicing, seamless digital payment integration, and a suite of accounting services. The platform also incorporates advanced technologies such as machine learning and supply chain analysis to enhance workflow efficiency. Additionally, Paper.id supports entrepreneurs with features like co-branded business cards and financing options, enabling them to manage their order-to-pay processes and generate financial reports with ease.
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