{"id":2718,"date":"2021-11-03T07:23:13","date_gmt":"2021-11-03T07:23:13","guid":{"rendered":"https:\/\/dailymarkup.com\/?p=2718"},"modified":"2021-11-03T07:23:14","modified_gmt":"2021-11-03T07:23:14","slug":"daily-markup-368-kredivo-standard-chartered-target-mass-market-offline-retailers-grab-mastercard-ink-2-year-regional-partnership-to-boost-digital-literacy-curlec-grows-almost-4x","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=2718","title":{"rendered":"Daily Markup #368: Kredivo &amp; Standard Chartered target mass market &amp; offline retailers; Grab &amp; Mastercard ink 2-year regional partnership to boost digital literacy; Curlec grows almost 4x over the pandemic, eyes regional expansion"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/B-NpNw8bkyDzmFxlUwksQBx0NBO9Z79mcun_kUnab910YZf2PZZPVplNb2_O-qhELy1L7EkXvC0-HyX-i7reIZoTB8r3iTOpiF-sxoIBiOIzhZAL4MrwpKuCbeSojiC4iOzjQPlE\" alt=\"\" \/><figcaption>Credit: WTVM<\/figcaption><\/figure>\n\n\n\n<p><strong>Uplifting the economy<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>500-backed fintech platform <a href=\"https:\/\/www.kredivo.com\/\">Kredivo<\/a> has collaborated with Standard Chartered Bank Indonesia <a href=\"https:\/\/www.prnewswire.com\/news-releases\/standard-chartered-partners-with-kredivo-to-offer-loans-to-the-mass-market-segment-via-digital-channels-301409302.html\">to offer Buy Now, Pay Later (BNPL) loans<\/a> to the mass market via digital channels.<\/li><li>The partnership seeks to increase financial inclusion via convenient access to credit and to support the growth of e-commerce as well as offline retailers.<\/li><li>Thanks to Kredivo\u2019s AI-driven credit-scoring capabilities, the onboarding and credit application process is 100% digital, with no requirement for face-to-face verification.<\/li><li>Umang Rustagi, CEO of Kredivo Indonesia said, &#8220;This collaboration shows how fintech and banks are synergizing to achieve a harmonious objective to open the widest possible access to credit&#8230;we hope that this collaboration can further promote equity and national economic growth.&#8221;<\/li><li>Read the full announcement <a href=\"https:\/\/www.prnewswire.com\/news-releases\/standard-chartered-partners-with-kredivo-to-offer-loans-to-the-mass-market-segment-via-digital-channels-301409302.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:\/\/lh5.googleusercontent.com\/Rdft9f6pIOLFRZhN4ayUDGmdxiOJGXZPG2j1d9lUuxwGMylBJ93ot30zFbxIgAkUQ-fBuFeIPdNEfaxQ8ZeV8_4I-VmbUk5vKAc7Oka7v2mXQuFnUyjN5lzvXeNdJKaBKI67UhDV\" alt=\"\" \/><figcaption>Credit: Grab<\/figcaption><\/figure>\n\n\n\n<p><strong>Good for business<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>500-backed superapp <a href=\"https:\/\/www.grab.com\/\">Grab<\/a> announced a regional partnership with Mastercard <a href=\"https:\/\/www.grab.com\/sg\/press\/social-impact-safety\/mastercard-and-grab-ink-mou-to-bring-digital-upskilling-to-millions-of-informal-workers-and-small-businesses-in-southeast-asia\/\">to boost digital and financial inclusion<\/a> in Southeast Asia.<\/li><li>The partnership seeks to increase digital literacy in the region and drive greater participation in the digital economy by providing access to digital, financial, and business skills.<\/li><li>Under this agreement, millions of informal workers and small businesses on Grab will gain access to digital upskilling opportunities to create more income opportunities.<\/li><li>The two-year partnership includes co-created training tools and a business mentorship program for driver-partners and merchant-partners.<\/li><li>More details about the MoU on <a href=\"https:\/\/www.grab.com\/sg\/press\/social-impact-safety\/mastercard-and-grab-ink-mou-to-bring-digital-upskilling-to-millions-of-informal-workers-and-small-businesses-in-southeast-asia\/\">Grab<\/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\/UU8o7nufvHQ3XLhou9BiMUOHr3spqro-emIL1hOHhrgT2jV-B8gniqb0BW-yWiTsZyk-Ay6biS6GleuSk1XKnsQOJEio8AXcxlBv-1WGx4TbzQ7hNJiZuEg8pZFnxs0g3yanaQ1d\" alt=\"\" \/><figcaption>Credit: Curlec<\/figcaption><\/figure>\n\n\n\n<p><strong>Making businesses better<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>A <a href=\"https:\/\/whatsnewinpublishing.com\/the-subscription-economy-has-grown-over-435-in-9-years-and-the-uptick-is-expected-to-continue\/\">report<\/a> on the subscription economy found that it has grown by more than 435% over the last nine years. This shift has been seen by 500-backed fintech startup <a href=\"https:\/\/curlec.com\/\">Curlec<\/a>. Co-founder and CEO Zac Liew shared that the startup\u2019s business has grown <a href=\"https:\/\/www.globalbusinessoutlook.com\/the-subscription-economy-is-growing-amid-covid-19\/\">almost four times throughout the pandemic<\/a>.\u00a0<\/li><li>Curlec\u2019s product offering has evolved drastically since its launch in 2018. From focusing on enabling online direct debit, it has become an end-to-end recurring revenue platform that covers payments, payouts, as well as subscription management and billing features.<\/li><li>\u201cWe are now in the process of building an entire Accounts Receivables platform that will help automate subscription billing and management processes,\u201d Zac added. \u201cWe plan to expand regionally in Southeast Asia, as well as enabling various payment types that are also localized.\u201d<\/li><li>Read the full interview on <a href=\"https:\/\/www.globalbusinessoutlook.com\/the-subscription-economy-is-growing-amid-covid-19\/\">Global Business Outlook<\/a>.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Uplifting the economy 500-backed fintech platform Kredivo has collaborated with Standard Chartered Bank Indonesia to offer Buy Now, Pay Later (BNPL) loans to the mass market via digital channels. The partnership seeks to increase financial inclusion via convenient access to credit and to support the growth of e-commerce as well as offline retailers. Thanks to [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":2719,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[382,364,143,469],"class_list":["post-2718","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-curlec","tag-finaccel","tag-grab","tag-kredivo"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #368: Kredivo &amp; Standard Chartered target mass market &amp; offline retailers; Grab &amp; Mastercard ink 2-year regional partnership to boost digital literacy; Curlec grows almost 4x over the pandemic, eyes regional expansion - 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=2718\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #368: Kredivo &amp; Standard Chartered target mass market &amp; offline retailers; Grab &amp; Mastercard ink 2-year regional partnership to boost digital literacy; Curlec grows almost 4x over the pandemic, eyes regional expansion - Markup\" \/>\n<meta property=\"og:description\" content=\"Uplifting the economy 500-backed fintech platform Kredivo has collaborated with Standard Chartered Bank Indonesia to offer Buy Now, Pay Later (BNPL) loans to the mass market via digital channels. The partnership seeks to increase financial inclusion via convenient access to credit and to support the growth of e-commerce as well as offline retailers. 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