Indonesian online lending startup Easycash has secured loan channelling from DBS Bank Indonesia, while B2B embedded finance startup Fairbanc has also landed a loan from CIMB Niaga.
Easycash secures loan from Bank DBS Indonesia
PT Indonesia Fintopia Technology (Easycash) has secured loan financing from PT Bank DBS Indonesia for an undisclosed amount. The partnership aims to expand access to financial services for more Indonesians, particularly those who are underserved or unbanked.
Willy Lawy, Head of Ecosystem Lending at DBS Bank Indonesia, said: “This collaboration is a tangible step toward strengthening a digital financial ecosystem that is accessible to all. With DBS Bank Indonesia as a trusted partner supporting business growth, we hope to provide broader financing access to entrepreneurs, drive economic growth, and create sustainable positive impacts for the Indonesian community.”
This move follows DBS Indonesia’s recent $15.26 million loan to Indonesian poultry startup Chickin, aimed at supporting its working capital needs to support the company’s business operation.
Nucky Poedjiardjo Djatmiko, CEO of Easycash, said, “This partnership will not only expand Easycash’s services but also offer more efficient and targeted credit solutions for users. We believe it will help more people gain access to the financial services they need.”
Since its establishment in 2017, Easycash has disbursed over 63.21 trillion rupiah in loans to 7.2 million borrowers as of Dec 2024. The company remains committed to fostering a healthier and more sustainable fintech ecosystem, with this partnership being a key step in expanding financial service access.
Fairbanc lands loan from CIMB Niaga
Fairbanc (PT Fairbanc Technologies Indonesia), a Singapore- and Silicon Valley-based B2B embedded finance startup operating in Indonesia, has secured loan financing from CIMB Niaga for an undisclosed amount.
In 2024, Fairbanc secured over $30 million in credit lines from PT Pegadaian (BRI Group), PT Bank SMBC Indonesia Tbk, PT Bahana Artha Ventura (BAV), and three other major banks.
In a statement, Fairbanc founder and CEO Mir Haque stated banks choose Fairbanc for its tech-driven, off-balance-sheet financing, ensuring efficient credit extension with data-driven risk management and fraud prevention through system integration. With ZERO defaults to date, Fairbanc offers a secure, low-risk solution for financial institutions.
Fairbanc, which was piloted in Bangladesh with Unilever before it was rolled out in Indonesia in 2021, enables MSMEs to purchase inventory on BNPL credit in partnership with large consumer brands. It has already onboarded over 550,000 merchants on its platform since founded in 2019 by Wharton alum Mir Haque.
Fairbanc’s partners include vendors serving large-scale companies in sectors such as FMCG, healthcare, pharmaceuticals, and other industries with extensive customer networks.
Its BNPL service does not require collateral, credit history, smartphone ownership, or digital literacy. It uses the supply chain data of FMCG distributors to automate credit scoring and risk monitoring to extend working capital.
