Jakarta, 7th August 2024 – PT VENTENY Fortuna International Tbk (VTNY) and its subsidiary, PT VENTENY Matahari Indonesia, have received significant strategic funding from PT Bank Mayapada Internasional Tbk (MAYA), marking a strong commitment to supporting Indonesia’s economic development. VENTENY is at the forefront of empowering micro, small, and medium enterprises (MSMEs), providing them with the critical growth funding needed to scale their businesses and empowering employees through its VENTENY Employee Super App, which seamlessly integrates comprehensive support for employee benefits, covering financial, lifestyle, health, and personal development in this go-to-app. This strategic partnership underscores a shared commitment to fostering sustainable business growth and enhancing the quality of life for employees across Indonesia.
Founder and Group CEO of VENTENY, Jun Waide, expressed appreciation and gratitude to Bank Mayapada. “With this funding, we are committed to growing the business and providing significant benefits to business, employees, MSMEs, and the communities. We believe that with the support of Bank Mayapada, we can create a more inclusive and sustainable business ecosystem,” he said.
The synergy between VENTENY and Bank Mayapada demonstrates the alignment of both parties’ commitments to creating a dynamic ecosystem that contributes to sustainable economic growth involving various layers of society.
Thomas Arifin, Deputy CEO of Bank Mayapada, stated, “This collaboration is an important step for us in expanding the reach of consumer credit and productive credit services for MSMEs, which positively impact more people. Through this cooperation, we believe we can significantly support national economic growth and improve society’s welfare.”
The funding provided by Bank Mayapada further strengthens VENTENY’s spirit to continue bridging businesses that have difficulty accessing capital and, on the other hand, helping improve the welfare of employees in Indonesia. VENTENY has funded nearly 10,000 MSMEs and 300,000 exclusive members, who are part of 450 companies collaborating for the VENTENY Employee Super App.
Additionally, in 2024, VENTENY will continue to expand its service reach to several other major cities to help more MSMEs. This will involve expanding to various cities in Indonesia and collaborating with many strategic partner associations, including the government.
At the end of April, VENTENY reported positive performance in the first quarter of 2024, recording revenues of Rp 181.9 billion, an increase of 149% from 2022’s Rp 73.2 billion. The company’s gross profit grew by 112% from Rp 32.0 billion in 2022 to Rp 68.1 billion in 2023.
“As a company that prioritizes sustainability, we will continue to bridge the financing gap in Indonesia and ensure that every layer of society can feel the positive impact of the economic growth we achieve together,” concluded Lie Kienata, CFO of VENTENY Group.
