Daily Markup #349: Kredivo & DBS announce US$70M joint financing; Prenetics strengthens safety & compliance in COVID-19 testing supply chain; Grab helps clients with consumer action & conversion

Credit: Pickawood on Unsplash

A partnership in fintech

  • Customers of 500-backed Kredivo are set to gain greater access to credit. Bank DBS Indonesia and the startup have announced joint financing of up to US$70 million for users of Kredivo.
  • According to the statement, this collaboration will help further Kredivo’s goal to expand credit access to tens of millions of users in the next few years both through its ‘buy now, pay later’ and personal loan products.
  • “Since the joint financing collaboration between Kredivo and DBS Indonesia took place in September 2020, we have always been committed to always providing the best and innovative services to meet the growing needs of customers, especially in the distribution of financing credit to the community,” a representative from the bank said.
  • He added, “With this limit expansion of the cooperation scheme from US$35m to US$70m, we hope that we able to reach a wider community and increase financial inclusion.”
  • Read the full statement here.

Credit: Medtech News

Safe and secure testing

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  • 500-backed digital health startup Prenetics has selected Unipart Logistics to deliver COVID-19 test kit fulfillment services. Unipart will assemble and pick COVID-19 test kits at their Oxford Distribution Centre.
  • According to the statement, Prenetics’ COVID-19 testing solution has been vital to establishing a return to normal life in Britain. The startup’s customers include the Premier League and the BAFTAs.
  • Unipart promises to meet the stringent compliance and temperature control requirements of the COVID-19 test kit supply chain.
  • Read the full statement here.

Credit: Grab

A boost in consumer understanding

  • GrabAds, the advertising arm of 500-backed Southeast Asian super app Grab, has struck a year-long partnership with media firm GroupM.
  • Under the agreement, the two companies will leverage their combined strengths to deliver greater value for brands, focusing on consumer action and conversion.
  • GrabAds will help GroupM clients harness the full capabilities of GrabFood and GrabMart and take advantage of insights from Grab’s data to reach, engage, and move consumers to action.
  • It will also provide GroupM’s clients with early access to its latest advertising features and solutions, deep learning and development support, and insights on consumer attitudes and behaviors as well as knowledge and tools.
  • Read the full statement here.

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