Indonesia telecom major XL Axiata to invest $36m in Digibiz SME platform

Communication and Information Technology Minister Rudiantara witnesses Digibiz Launching - Photo by XL Axiata

Indonesia telecom firm PT XL Axiata Tbk (EXCL) is setting up a business solutions platform, DigiBiz, to help small and medium enterprises (SMEs) strengthen their marketing initiatives and grow their businesses. The company would invest up to Rp500 billion ($36.23 million) over the next three years to develop the new solution.

DigiBiz platform is a mobile app that aims to enable SMEs to share information about their products and use it as a financial and marketing tool.

Director of Digital Service Ongki Kurniawan said, in a company statement, XL Axiata is targeting a market of 20,000 SMEs for its DigiBiz solution by the end of 2016.

He added, the company was partnering banks to help prepare financial digital solutions for SMEs.

DigiBiz offers three benefits: product solutions, business solutions and networks. DigiBiz will also facilitate SMEs to access internet services faster with the 4G LTE service.

XL Axiata has a customer base of 250 SME businesses spread over various regions. Through a programme of cooperation with local governments, XL has supported the SME community in Medan, Palembang, the Greater Jakarta, Bandung, Semarang, Yogyakarta, Surabaya, Denpasar, Lombok, Balikpapan, Makassar and Manado.

Also Read: Indonesia telecom operator XL Axiata to raise $110m from Sukuk bonds

Five Indonesia mobile carriers ready to implement 4G LTE

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.