Bank DBS Indonesia announced a new blended finance scheme, allocating S$2 million ($1.6 million) to support Indonesia’s SMEs with social missions. In a separate development, fintech firm Seedflex has been formally registered with Indonesia’s Financial Services Authority (OJK) as an official aggregator of financial products and services.
DBS Indonesia launches $1.6m blended finance for SMEs
Bank DBS Indonesia has announced a new blended finance scheme, allocating S$2 million (around $1.6 million) in unsecured financing to support Indonesia’s SMEs with a social mission.
Angela Thenaria, executive director and head of SME banking at Bank DBS Indonesia, explained that the blended finance scheme, a mix of grant funding and soft loans, aims to address the persistent financing gap that often hinders the growth of social enterprises in Indonesia, which is particularly pronounced for social enterprises.
The scheme involves a rigorous selection, including thorough eligibility assessments during the grant stage. DBS Indonesia also implements milestone tracking and ensures full transparency throughout the funding cycle.
The first recipient of this financing is Adena Coffee, a social enterprise focused on sustainable coffee production and management. Though the amount disbursed to Adena Coffee was not disclosed, the company aims to use the funding to help scale its operations and deepen its social impact. It had previously received a grant from the DBS Foundation Grant Program 2024.
Adena Coffee’s founder and CEO Abyatar shared that the company will utilise the blended finance proceeds for: developing software that comply with the EU Deforestation Regulation (EUDR); establishing a multifunctional production and training centre; building new mill and fermentation facilities to ensure consistent, high-quality harvest; and conducting six capacity-building sessions for 500 smallholder farmers in Gayo, Flores, Bali, and West Java.
Seedflex Technologies formally registers with OJK
Fintech firm Seedflex Technologies, which was launched in Malaysia, has formally registered with Indonesia’s Financial Services Authority (OJK) as an official aggregator of financial products and services.
The regulatory milestone authorises the company to collaborate with Indonesian financial players, from banks to fintechs, to offer users streamlined, transparent access to financial services via its platform. It follows a $3.2 million seed extension round completed last month, the proceeds from which will be used for regional expansion, with Indonesia identified as a key market.
“This is a significant milestone for Seedflex as we continue to expand our footprint across emerging Asia. We’re excited to start working together with like-minded partners to enhance access to financial information and do our part to help drive the continued digital transformation of Indonesia’s financial industry,” said Ritwik Ghosh, co-founder and CEO of Seedflex.
The company is actively seeking local partners to scale its offerings and develop new solutions tailored for Indonesian users. Through Seedflex’s embedded API infrastructure, partners can easily integrate its tools into their platforms, receive dedicated technical support, and tap into new customer segments.
Headquartered in Singapore, Seedflex launched in Malaysia with its signature ‘Pay-As-You-Sell Advance’ (PAYS Advance) product—a revenue-based financing model that adjusts repayment terms according to a merchant’s daily sales. The offering is designed for digital-first businesses and aims to provide flexible working capital solutions without the rigidity of traditional loans.
