SE Asia digest: BRI Agro partners Investree; ZEDRA buys BNP Paribas unit

Agriculture-focused lender BRI Agro has partnered with P2P lending firm Investree to support creative industry entrepreneurs, while global wealth management service firm Zedra Group is acquiring BNP Paribas unit in Singapore.

BRI Agro partners P2P lender Investree

Agriculture specialist lender Bank Rakyat Indonesia Agroniaga (BRI Agro) has forged a partnership with P2P lending firm Investree to support entrepreneurs in the creative industry seeking a loan for their businesses.

BRI offers invoice financing that does not require the company to provide collateral for the loan as they used their invoice as the source of repayment.

Entrepreneurs in the creative industry typically have been denied access to secure banking loans as they do not have physical assets as collateral.

Investree will undertake a credit-scoring analysis for loan applications before securing final approval by Bank BRI to disburse the loan.

So far, BRI has disbursed over 200 billion rupiah ($14.3 million) loans to Investree. BRI has earmarked 2 trillion rupiah ($143 million) for digital lending through Investree..

ZEDRA Group acquires BNP Paribas unit in Singapore

Global wealth management firm ZEDRA group announced on Wednesday that it will acquire BNP Paribas Singapore Trust Corporation Limited for an undisclosed value.

The acquisition, which is subject to regulatory approval, follows the deals across the Isle of Man, Switzerland and Nordic markets that were announced last year.

ZEDRA Group said that BNP Paribas Wealth Management’s trust business in Singapore is an ideal fit for the group as it serves the growing Asian ultra-high net worth and high net worth markets.

“This latest deal will bring additional scale and expertise to our already fast-growing Singapore office. The Asian markets are very important for ZEDRA and globally continue to represent one of the most productive sources of new high-quality clients,” Zedra CEO Ivo Hemelraad said.

The deal will bring ZEDRA’s combined staff numbers in Singapore to 30. Currently, ZEDRA has over 550 industry experts across 13 countries, in Asia, Oceania, the Americas and Europe.

ZEDRA also announced that private equity firm Corsair Capital is closing the majority investment in the group.

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.