{"id":2552,"date":"2021-09-01T06:25:00","date_gmt":"2021-09-01T06:25:00","guid":{"rendered":"https:\/\/dailymarkup.com\/?p=2552"},"modified":"2021-09-01T06:33:21","modified_gmt":"2021-09-01T06:33:21","slug":"daily-markup-325-ics-enters-us20m-credit-facility-to-offer-affordable-loans-to-fight-covid-19-in-indonesia-bukalapak-to-increase-credit-card-approvals-prevent-fraudulent-activities-stockbit","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=2552","title":{"rendered":"Daily Markup #325: ICS enters US$20M credit facility to offer affordable loans to fight COVID-19 in Indonesia; Bukalapak to increase credit card approvals &amp; prevent fraudulent activities; Stockbit partners brokerage firm to increase access to capital market investment"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/fpH_UjJ_mLak2PGy10yH7G-prwfkXFAp_6-ZWDHFxqsnhZpkGFJp1d9wAyQD29GQ-CLbYotktjB5AgreFJVna3XRvEg55dc2aaRJLrOHBzLbCVPcnveBmJJoLFtT4bQz41UQoXkQ=s0\" alt=\"\" \/><figcaption>Credit: ICS<\/figcaption><\/figure>\n\n\n\n<p><strong>Pillars of support<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>500-backed fintech startup <a href=\"https:\/\/impactcredit.solutions\/\">Impact Credit Solutions (ICS)<\/a> has partnered with Sharia-compliant fintech company ALAMI in a <a href=\"https:\/\/www.marketwatch.com\/press-release\/impact-credit-solutions-partners-with-alami-2021-08-27\">US$20 million credit facility<\/a>. Together, they are offering affordable financing to hospitals, clinics, pharmacies, and other participants in the Indonesian healthcare sector.<\/li><li>The facility is part of the <a href=\"https:\/\/www.benzinga.com\/pressreleases\/21\/03\/ab20328672\/ics-launches-the-indonesian-resilience-fund\">Indonesian Resilience Fund<\/a>, which ICS manages. US$3.3 million of loans have already been disbursed in the pilot phase.<\/li><li>ICS\u2019 lending technology increases disbursement speed and provides investors with real-time transparency.<\/li><li>&#8220;Partnering with purpose-driven fintechs, like ALAMI, is enabling us to deliver the needed liquidity in the healthcare sector, to ensure communities receive adequate medical care during this pandemic,\u201d said Dewi Wiranti, Indonesia Country Head at ICS.<\/li><li>Read the full statement <a href=\"https:\/\/www.marketwatch.com\/press-release\/impact-credit-solutions-partners-with-alami-2021-08-27\">here<\/a>.<\/li><\/ul>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/JQTjnEtmtgeBud9w-s-3ESz0Ux-6Xpmwri3eL1iYSYmflYvrWm-8HUU4d7tr4zuQPc_o45GemIE8W8aem0gg2XWJUWvF_0dsOHACcVA4DB5F40QjB-526J45xDPA7pVHnvClyvG9=s0\" alt=\"\" \/><figcaption>Credit: Digination<\/figcaption><\/figure>\n\n\n\n<p><strong>Safe and secure<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.bukalapak.com\/\">Bukalapak<\/a> shoppers can now transact on the marketplace with a higher degree of confidence. The 500-backed e-commerce startup has <a href=\"https:\/\/www.prnewswire.com\/news-releases\/bukalapak-selects-vesta-to-ensure-safe-and-secure-transactions-for-consumers-across-indonesia-301354812.html\">partnered with Vesta<\/a>, claimed to be the only instant, comprehensive transaction guarantee platform for online shopping.<\/li><li>Vesta\u2019s solution will enable Bukalapak to maximize approvals of legitimate credit card transactions and prevent fraudulent activities.<\/li><li>This partnership comes at an opportune time when there are more than 100 million active users on the site, recording a Total Processing Value (TPV) of US$6 billion in 2020.<\/li><li>A report by <a href=\"https:\/\/www.integrity-indonesia.com\/blog\/2019\/04\/23\/e-commerce-fraud-in-indonesia-rising-market-rising-fraudulent-acts\/\">DBS Insight Asia<\/a> revealed that increasing e-commerce fraud is a primary reason why consumers are reluctant to shop online in Indonesia.<\/li><li>Read the full story <a href=\"https:\/\/www.prnewswire.com\/news-releases\/bukalapak-selects-vesta-to-ensure-safe-and-secure-transactions-for-consumers-across-indonesia-301354812.html\">here<\/a>.<\/li><\/ul>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/21nELugtIlI8XZKuXyI8_br0o2N_Lm3MV6OIBUc04zXO0Uv4qSLV8epK-ICCmYUSadTA0qydwMzWUY2I7W7RqGnyRRVQu1Rt2BShh3gAeHprUrvKBBEVrkt-NuvBJ16icTgFj5m4=s0\" alt=\"\" \/><figcaption>Credit: Gizmologi<\/figcaption><\/figure>\n\n\n\n<p><strong>Stocks for all<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>500-backed stock trading startup <a href=\"https:\/\/stockbit.com\">Stockbit<\/a> <a href=\"https:\/\/www.asiatechdaily.com\/stockbit-ties-up-with-mahakarya-artha-sekuritas\/\">wants to increase financial inclusion in Indonesia<\/a>. It aims to do that by increasing access to capital market investment.<\/li><li>To that end, it has joined forces with Indonesian brokerage firm Mahakarya Artha Sekuritas (MAS). Under this partnership, new and existing customers of MAS can participate in the Indonesian Stock Exchange through the Stockbit app.<\/li><li>The startup claims that it has 980,000 registered users as of August 5, 2021, with as many as 70% of users aged 18-34 years.<\/li><li>Through the app, opening a trading account, buying and selling shares, and fund management can be done completely online. The app\u2019s social networking feature also allows new investors to learn from seasoned investors.<\/li><li>Read the full article <a href=\"https:\/\/www.asiatechdaily.com\/stockbit-ties-up-with-mahakarya-artha-sekuritas\/\">here<\/a>.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Pillars of support 500-backed fintech startup Impact Credit Solutions (ICS) has partnered with Sharia-compliant fintech company ALAMI in a US$20 million credit facility. Together, they are offering affordable financing to hospitals, clinics, pharmacies, and other participants in the Indonesian healthcare sector. The facility is part of the Indonesian Resilience Fund, which ICS manages. US$3.3 million [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":2553,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[423,400,329],"class_list":["post-2552","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-bukalapak-d2","tag-impact-credit-solutions","tag-stockbit"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #325: ICS enters US$20M credit facility to offer affordable loans to fight COVID-19 in Indonesia; Bukalapak to increase credit card approvals &amp; prevent fraudulent activities; Stockbit partners brokerage firm to increase access to capital market investment - Markup<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailymarkup.com\/?p=2552\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #325: ICS enters US$20M credit facility to offer affordable loans to fight COVID-19 in Indonesia; Bukalapak to increase credit card approvals &amp; prevent fraudulent activities; Stockbit partners brokerage firm to increase access to capital market investment - Markup\" \/>\n<meta property=\"og:description\" content=\"Pillars of support 500-backed fintech startup Impact Credit Solutions (ICS) has partnered with Sharia-compliant fintech company ALAMI in a US$20 million credit facility. 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