Indonesia Digest: BRI ties up with Gojek; Gadjian partners with KoinWorks

Jakarta, Indonesia. Photo: Bayu Syaits/unsplash

Indonesia’s lender BRI has tied up with ride-hailing giant Gojek to offer low-interest loan facilities for the latter’s partners. Meanwhile, SaaS startup Gadjian has launched a rescue fund for companies in collaboration with P2P lending firm KoinWorks.

Gojek ties up with BRI to offer loan facility

Indonesia’s largest lender in terms of assets, BRI, has partnered with ride-hailing app Gojek to launch a low-interest loan facility for the latter’s driver-partners and merchants.

According to an announcement, loans that will be disbursed to GoRide, GoCar partners and GoFood merchants, will be between Rp 5 million ($336.93) and Rp 20 million ($1,347).

The loan tenure is up to 24 months, with three months waiver.

“The pandemic COVID-19 has been affecting our partners. The low-interest loan facility will help ease their financial burden. For GoFood merchants, the loan facility will hopefully help their business turnover. We really appreciate BRI support as it will help our partners, especially for their cash flow,” Gojek Co-CEO Andre Soelistyo said in a statement.

BRI will be the one who conducts the pre-screening process for the loan facility.

Gadjian ties up with KoinWorks

Human resources startup Gadjian has launched a rescue fund initiative for companies in collaboration with P2P lending firm KoinWorks, the company announced in a statement.

Approaching Eid, companies are required to pay bonuses to their employees. Amidst the COVID-19 pandemic, they may not be able to pay salaries of employees, let alone their bonuses.

Through the initiative, companies can apply for low-interest loans and can disburse bonuses within three days to employees through the Gadjian platform. Businesses across sectors that have a minimum of five employees are eligible for the scheme.

Gadjian is responsible to do the initial screening, while KoinWorks will provide the loan, with an interest of around 2 per cent per month for a 3-6 month repayment period.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.