Thu, 09 Jul 2015
Home-grown crowdfunding portal Crowdo has expanded to Indonesia to offer peer-to-peer lending to businesses there.

Crowdo will use its platform to match Indonesian investors with companies there which need loans for working capital.

Borrowers repay the principal sum with interest.

Since Crowdo will offer only collateralised loans, the interest borrowers pay is expected to be lower.

In a pilot run over recent months, 200 companies were successfully funded and recorded no defaults on payments, said a statement from Crowdo.

The site will go public later this year.

Crowdo is inviting select investors seeking higher yields with new investment opportunities to participate in these deals.

Co-founder Leo Shimada said: "Our clients have robust businesses with sound repayment capabilities but are unable to access traditional financing systems due to the lack of existing relationships with financial institutions."

It is a multibillion-dollar market, he said, as small and medium-sized Indonesian companies are underserved by banks. Last month, Crowdo was licensed by the Malaysian authorities to run an equity-based crowdfunding platform there.

With its expansion to these two countries, Crowdo, formerly known as Crowdonomic, is the first South-east Asian crowdfunding operator to offer debt-based and equity-based crowdfunding.





News Search/Filter
Transaction Rates
20 Sep 17
Buy
Sell
AUD1
11,042.16
10,237.71
BND1
10,233.35
9,484.55
BTC1
52,179,221
52,179,221
CAD1
11,216.10
10,398.18
CHF1
14,328.82
13,286.86
CNH1
2,096.18
1,943.33
DKK1
2,223.51
2,061.71
EUR1
16,546.03
15,339.32
GBP1
18,625.30
17,271.43
HKD1
1,764.52
1,636.32
JPY100
12,351.99
11,451.89
LAK1
1.67
1.54
NOK1
1,767.61
1,638.19
NZD1
10,090.66
9,352.75
PGK1
4,420.17
3,882.08
SEK1
1,734.10
1,607.64
SGD1
10,233.35
9,484.55
THB1
416.52
386.03
USD1
13,770.00
12,770.00
VND1
0.61
0.56
Taxation Exchange Rates
31 Aug 16 - 06 Sep 16
USD 1
13,232.00
AUD 1
10,043.30
CAD 1
10,213.70
DKK 1
1,999.40
HKD 1
1,706.22
MYR 1
3,283.28
NZD 1
9,623.63
NOK 1
1,605.23
GBP 1
17,433.70
SGD 1
9,757.68
SEK 1
1,569.45
CHF 1
13,631.10
JPY 100
13,101.00
MMK 1
11.01
INR 1
197.29
KWD 1
43,920.70
PKR 1
126.23
PHP 1
285.00
SAR 1
3,528.53
LKR 1
91.12
THB 1
382.08
BND 1
9,756.53
EUR 1
14,885.50
CNY 1
1,987.61

Okusi Associates: Indonesian Business & Management Services