Singapore-based Seedflex is now formally registered with Indonesia’s monetary companies authority, Otoritas Jasa Keuangan (OJK), as a supplier and aggregator of economic services and products.
With this approval, Seedflex can collaborate with Indonesian monetary establishments to supply streamlined entry to monetary data and companies.
The corporate plans to make use of its OJK-registered platform to assist advance monetary inclusion and assist the digital transformation of the sector.
Seedflex is at the moment searching for native companions to broaden its product choices and attain extra buyer segments.
Its platform permits direct integration through software programming interfaces (APIs), permitting companions to embed monetary companies on their very own digital platforms.
The corporate additionally gives devoted assist and goals to assist companions seize new market segments.
The announcement comes after Seedflex raised US$3.2 million in a seed extension spherical final month to scale operations in Southeast Asia.
It plans to launch in Indonesia later this yr following its entry into Malaysia, the place it launched its “Pay-As-You-Promote Advance” resolution, which adjusts financing based mostly on gross sales efficiency.
“It is a vital milestone for Seedflex as we proceed to broaden our footprint throughout rising Asia. We’re excited to begin working along with like-minded companions to boost entry to monetary data and do our half to assist drive the continued digital transformation of Indonesia’s monetary business.
We welcome all monetary establishments, fintech suppliers and different expertise platforms to hitch us on this shared mission to innovate and improve monetary entry and inclusion for all Indonesians.”
stated Ritwik Ghosh, Co-Founder and CEO of Seedflex.
