Indodana Finance Drives Financial Inclusion with IDR 700 Billion Funding from HSBC Indonesia
Home Our Products Published Reports Press Release Career Home Our Products Published Reports Press Release Career Indodana Finance Drives Financial Inclusion with IDR 700 Billion Funding from HSBC Indonesia PT Indodana Multi Finance (Indodana Finance), a Buy Now Pay Later (BNPL) provider licensed and supervised by Indonesia’s Financial Services Authority (OJK), has secured an IDR 700 billion funding facility from PT Bank HSBC Indonesia. The strategic financing will be utilized to aggressively expand the footprint of Indodana PayLater, widening access to safe and responsible digital credit across the country. For Indodana Finance, this milestone reinforces its core mission to bridge the financial inclusion gap in Southeast Asia’s largest economy. “This partnership is a pivotal moment for Indodana Finance,” said Mira Wibowo, President Director of PT Indodana Multi Finance. “We are deeply appreciative of the trust HSBC Indonesia has placed in us. This funding facility doesn’t just empower us to scale our Indodana PayLater service; it validates our commitment to driving healthy, responsible credit growth. Our ultimate goal is to ensure that more people across diverse regions in Indonesia have access to the financial tools they need to improve their quality of life.” The collaboration also highlights the growing synergy between conventional banking and digital financing platforms in addressing the needs of the underbanked population. Steve Andoko, Banking Director at PT Bank HSBC Indonesia, emphasized that this funding aligns with the bank’s broader vision for a more inclusive digital economy. “We are proud to support BNPL leaders like Indodana Finance. Through this strategic partnership, we are taking tangible steps to deliver accessible financial solutions to everyday Indonesians—particularly those who have historically remained out of reach for conventional banking services.” This fresh capital injection will directly support Indodana Finance’s ongoing nationwide expansion. To date, the company has integrated its services across a massive network of online and offline retail merchants spanning 180 cities and regencies in Indonesia. For more information on Indodana Finance and its PayLater solutions, please visit indodana.id. The Indodana Finance application is available for download on the App Store and Google Play. OUR PRODUCTS Cermati Indodana Finance Indodana Fintech Cermati Protect Cermati Invest COMPANY Press Release Career Terms & Conditions Published Reports PT. Dwi Cermat Indonesia Grand Slipi Tower Lt.42G-42H Jl. Letnan Jend. S. Parman Kav. 22-24 Jakarta Barat Telephone: 021 50847770© 2024 Cermati Fintech Group. All Rights Reserved