Great news today! With this partnership, we aim to revolutionize the mobility landscape in Indonesia, empowering even more individuals to reach their goals.
Moladin Secures up to USD 50 Million Debt Financing from Lendable, Supporting Access to Financing Solutions for Indonesian MSMEs Singapore, 09 July 2024 — Moladin, a leading Indonesian mobility #fintech, has raised a senior secured loan of up to USD 50 million from Lendable which provides debt capital to fintech companies in emerging and frontier markets. This partnership will enable Moladin to further support dealers and consumers in the used car market ecosystem by providing them with access to innovative financing solutions. Moladin’s mobility fintech platform, supported by Moladin Finance Indonesia (MFI), an OJK-Licensed end-to-end digital financier, for used car dealers as well as retail consumers, allows them access to financing against the value of their vehicles as collateral. Moladin is actively bridging the gap in financial services and personal mobility solutions, particularly for #underserved communities, #MSMEs, and its growing consumer base. The investment in Moladin aligns with Lendable’s mission of supporting financial inclusion in emerging markets through #technology and innovative financial solutions, and demonstrates Lendable’s belief in Moladin’s capabilities to address the financing gap faced by used car dealers, MSMEs and consumers in #Indonesia. Hani Ibrahim, Chief Investment Officer at Lendable, commented on the investment by adding, “Lendable is proud to partner with Moladin and support their #mission-aligned objective of serving #underserved #MSMEs and consumers in #SoutheastAsia. Having worked closely with the Moladin team during this transaction, we have been impressed by how Moladin has been able to build a high-quality scalable business that reaches a critical, yet hard to serve segment in Indonesia.” Andrew K.J. Tan, CFA, Co-Founder and President at Moladin, further emphasizes the significance of this milestone: “Our partnership with Lendable will help us significantly expand access to financial services and mobility solutions. This goes beyond just buying a vehicle. We are also helping #MSMEs grow their business and take advantage of emerging opportunities. By fostering financial inclusion, Moladin is actively contributing to the economic and social mobility of all Indonesians.” Since 2023, Moladin has facilitated financing access for its expanding customer base by disbursing over USD 500 million in loans, including more than USD 300 million to used car dealers and USD 250 million to consumers and other MSMEs. Read more: https://lendable.io/news/ #ImpactInvesting #FinancialInclusion #EmergingMarkets #PrivateDebt