PT. Finansia Multi Finance
Multipurpose financing for consumers and collateralized business loans.
| Date | Investors | Amount | Round |
|---|---|---|---|
N/A | Growth Equity VC | ||
| Total Funding | 000k | ||
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PT KB Finansia Multi Finance, operating under the brand name Kreditplus, is a financing company in Indonesia founded on June 9, 1994. It holds licenses for financing, factoring, and credit card activities. The company began by financing motorcycles, cars, and heavy equipment. After navigating the 1998 monetary crisis through diversification, it refocused on vehicle financing in 1999 and expanded to include electronics in 2001. A significant milestone occurred in 2019 when KB Kookmin Bank, a major South Korean financial group, acquired the company, leading to its current name.
Kreditplus provides a wide range of financing solutions for both individuals and businesses. For consumers, the company offers multipurpose financing for purchasing new items like gadgets, electronics, and furniture through installment payments without a credit card. It also provides cash loans using vehicle registration documents (BPKB) for motorcycles and cars as collateral. For business clients, particularly MSMEs, Kreditplus offers working capital loans with land and buildings as collateral, as well as invoice financing and fleet financing services. The company operates through a vast network of over 200 branches across Indonesia and has integrated its payment systems with thousands of ATMs, e-wallets, and major retail chains. Its business model is based on generating revenue from interest and fees on its diverse loan portfolio. To enhance service delivery, Kreditplus has developed the Kreditplus Mobile application, an online platform for loan applications, credit simulations, and payments, which received ISO 27001:2022 certification for its information security management.
Keywords: consumer financing, business loans, asset-backed lending, vehicle financing, multipurpose loans, invoice financing, electronics installment, collateralized loans, MSME funding, working capital credit, fleet financing, factoring services, digital lending, financial services, Indonesian market, BPKB collateral, land collateral, building collateral, credit facilities, mobile financing application