How they describe themselves: In a developing country like Indonesia, where there are 55 million SMEs who are still doing business the traditional way, our aim is to provide business and invoicing tools with payment integration for SMEs to help them grow and drive financial inclusion. We want to make it easy and frictionless for banks and other financial institutions to provide financing for SMEs. With Paper.id, SMEs can issue their invoices digitally and get paid faster via electronic payment methods such as credit card and payment gateway. With our mobile application, they can also check their business performance on the go.
How they describe their product/innovation: Our Supply Chain Financing allows banks and FIs to provide SMEs with instant invoice financing or working capital loans based on the financial performance of the company and its supply chain. Through tight integration between our invoicing app and FI dashboard, the process will be quick and seamless. This is a first in Indonesia where invoice financing is very uncommon for SMEs.
Product distribution strategy: Direct to Consumer (B2C), through financial institutions
Bus. Dev. & Press: Jeremy Limman, CEO & Co-Founder, email@example.com