CredAble, a leading global working capital tech platform, has announced a strategic partnership with PowerCred, a digital lending innovator, to drive cutting-edge financial technology innovations for banks and financial institutions in Indonesia.
This collaboration underscores CredAble’s commitment to expanding its footprint in the APAC region, with a focus on creating globally integrated yet locally relevant solutions. By combining CredAble’s expertise in advanced working capital tech platforms and PowerCred’s deep understanding of Indonesia’s financial services ecosystem, the partnership aims to deliver tailored solutions that align with regional compliance requirements while ensuring global scalability.
The partnership will leverage local Digital Public Infrastructure (DPI) frameworks and API-driven capabilities to enable quick onboarding, efficient underwriting processes, and robust authentication systems. By digitizing banking operations, the duo plans to significantly reduce Turnaround Times (TAT) while enhancing credit risk evaluation through advanced tools such as bank statement analysis, ID verification, and alternative data integration.
Satyam Agrawal, Global Head of Product & Retail Business Lending, MD ASEAN & ME of CredAble, commented on the partnership, saying, “Our partnership with PowerCred represents a crucial step in our mission to create a globally interconnected supply chain financing ecosystem. Leveraging our advanced tech solutions alongside PowerCred’s regional capabilities, we are accelerating financial inclusion, redefining lending processes, and helping banks and financial institutions to exceed client expectations.”
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Kunal Goel, CEO of PowerCred, added, “Partnering with CredAble strengthens our vision of building compliant, efficient, and easily accessible financial solutions for Indonesia and the South-East Asian market at large. This collaboration enables us to combine global best practices with local innovation and set new standards of excellence in supply chain financing.”
This partnership also marks a significant step for CredAble as it begins its planned expansion into Indonesia, laying a sustainable foundation for future growth. The collaboration aims to transform supply chain financing and digital lending processes while setting the stage for similar initiatives across new geographies.
By joining forces with regional leaders like PowerCred, CredAble continues to ensure that its solutions remain adaptable and impactful across diverse financial ecosystems.
