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FINANCE

Multifinance Business Expanding with Fintech Support

Multifinance companies are utilising technology owned by fintech firms to speed up the loan approval process and reduce non-performing financing.

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More and more multifinance companies are cooperating with technology-based financial service (financial technology/fintech) firms as their financing channels. They are utilising technology owned by fintech firms to speed up the loan approval process and reduce non-performing financing (NPF).

PT Akseleran Keuangan Inklusif Indonesia (Akseleran) Chief Executive Officer and Co-founder Ivan Nikolas Tambunan said Akseleran is teaming up with three financing companies to channel financing in the small and medium-sized enterprises (SME) segment. They are PT Andalan Finance, PT Indosurya Finance, and PT Globalindo Multi Finance.

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