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Malaysia-based fintech player Boost Credit doubles down on Indonesia’s MSME market

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    • “Indonesia has been a successful market for us as we have grown 5 times over the past 12 months.,” says Abeykoon.
    • “Indonesia has been a successful market for us as we have grown 5 times over the past 12 months.,” says Abeykoon. PHOTO: BOOST CREDIT

    Shoeb Kagda

    Published Tue, Jun 21, 2022 · 05:50 AM

    IT is no secret that Indonesia’s vast digital economy offers all sorts of opportunities for regional start-ups, but finding the right area to delve into can be challenging.

    Malaysia-based fintech player Boost Credit believes it has a winning hand, as it targets Indonesia’s over 65 million micro, small and medium-sized enterprises (MSMEs) by offering short-term financing to small-scale retailers and distributors.

    Having started off by financing telco retailers and distributors, Boost — the fintech arm of Malaysia telco Axiata — recently expanded its customer base to include the FMCG (fast moving consumer goods) supply chain during the Covid-19 pandemic.

    Asean BusinessIndonesia

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