00:00Thank you, Bomiar, for watching CREATE.UP with me, Wiki Adrian.
00:04In CREATE.UP, you will discuss about digital investment platform in Indonesia.
00:09And it has been continued by video conference with Nathan Yoss, Chief Marketing Officer of CoinWorks.
00:15And right now we're connected with Nathan Yoss, Chief Marketing Officer of CoinWorks.
00:19Hello, Nathan. Good morning.
00:21Hello, guys. Good morning.
00:23Good morning.
00:24Thank you very much for hosting me.
00:26Yes, thank you very much for joining us here.
00:29So, talking about the map of fintech lending industry competition.
00:34How do you see that so far?
00:36How interesting the dynamics so far?
00:40Amazing.
00:41As regulation gets more mature and more developed in line with technology,
00:47we do see an increasing competition.
00:50And we do believe this is actually amazing news.
00:53As the market gets more competitive, you, customers, users, and in the end of the day,
01:01MSMEs and Indonesian society can enjoy better rates, better service,
01:06and better credit lines to expand business and to strengthen their wealth position.
01:14And Mr. Yoss, how can CoinWorks feel the dynamic of the fintech lending industry?
01:20We do feel that in the middle of such a challenging economy, right?
01:26And the rise of e-commerce, the rise of many other markets and credit lines that are going amongst these businesses.
01:36We do understand that it is an amazing moment for every company and every fintech
01:42to have a really good risk management procedure
01:47so that it can serve and identify what are the underserved markets
01:52through which we can actually create a very big impact and financial inclusion in the Indonesian market.
01:58Okay, it can have a big impact and financial inclusion for Indonesia, right?
02:03Yes, that's right.
02:04Because it is very important for the Indonesian market and the Indonesian society,
02:08especially related to fintech lending.
02:11So, what is the current development of CoinWorks business so far?
02:15I've heard that it launched the super apps.
02:18And how do you see that as the thing that gives the significant impact on the performance of the business so far?
02:26Perfect. The super app category actually means on a real market manner
02:35that CoinWorks is financially aggregating many and multiple licenses
02:41in order to serve better users, MSMEs and retail investors in Indonesia.
02:47Some of the licenses are a BPR, so a rural bank, which is now called CoinWorks Bank,
02:54which is offering depositals, secured loans to MSMEs.
02:59And also we do have other licenses such as financial aggregator and peer-to-peer.
03:06So, the current landscape of being a super app is, in my opinion,
03:13the only way that there is in Indonesia to be able to serve the users in the way that they actually want.
03:21Digitally, via WhatsApp, via internet, via app, and in the end of the day, as fast and as cheap as possible.
03:30Things getting customized with actually what the user needs.
03:36So, talking about the peer-to-peer lending business or fintech lending,
03:41talking about in the point of view of the lenders,
03:46how interesting the interest, specifically talking about the CoinWorks as an investment platform.
03:53So, we're going to continue that on the next segment.
03:56Nathan, hold up.
03:58Thank you for being with us. We'll be right back.
04:01Thank you for being with us.
04:03In the CreateUp segment, we're still talking about the digital investment platform in Indonesia,
04:08still with Mr. Nathan Yoles, Chief Marketing Officer at CoinWorks.
04:13Okay, Mr. Nathan, how long has CoinWorks been operating and what is the profitability growth like?
04:23CoinWorks has been operating for the past eight years
04:27and the fintech has been very mature from all of those years doing business in Indonesia.
04:35And we were very happy to announce that our banking division, the BPR division,
04:42has already achieved profitability from the beginning of this year.
04:47And our peer-to-peer license, which is a more mature one, a little bit older,
04:53has also been very happy to announce the profitability for last year.
04:58So, the group is working hard to guarantee that the financial inclusion is actually made real in the Indonesian society
05:09and that we as a group are aggregating as much value as possible for our shareholders and for the Indonesian people.
05:17One of the shareholders of the CoinWorks is the Small Bidding Enterprises, if I'm not mistaken.
05:23So, going back to the question that I did ask to you before about the CoinWorks as the investment platform,
05:30from the point of view of lenders, how interesting the interest is
05:35because people right now are starting to compare one platform to another.
05:39So, how can you make it more interesting compared to the other platforms?
05:47Yeah, that's a great question.
05:49And there's been a trend in Indonesia for the past probably three or four years in terms of peer-to-peer platforms.
05:58And there are still many retail investors that seek returns with a little bit more of risk that goes up to 14-15% a year.
06:10However, as we understood more about our users, we understood and we identified the need of saving money with a lower risk
06:20than whatever peer-to-peer gives to those users.
06:24And this is why we launched a new product called Coin Deposito, which is as secure, as safe as any deposito in the market,
06:32protected by LPS, licensed by OJK.
06:36And even though the rate is a bit smaller, you still can get amazing rates such as 8% up to 10%,
06:44but with a lower risk than the peer-to-peer and other investment options in the market such as stock or mutual funds.
06:53Okay, and can you explain how many users of Coin Deposito now?
07:03Perfect. In terms of Coin Deposito and the users with the peer-to-peer,
07:10we direct all of this money for the MSMEs and Indonesians in the market.
07:16And we so far have just launched the number and announced the number that for last year,
07:22we were able to fund up to 1.8 billion dollars in operations and many more to come in 2024 for sure.
07:32Okay, talking about the success rate of the project that had been funded by CoinWords,
07:38how is it so far and the rate of debtor paying the debt that had been lended by CoinWords?
07:51How is the dynamic so far?
07:55Perfect. As I mentioned, we have just launched our impact report in which we speak about all the ESG impactful sides of our business.
08:05And we were more than happy to announce that 30% of the business that apply for a loan with CoinWords
08:14see an average revenue increase of more than 40 to 50%.
08:20And also because of those loans and because we are moving and impulsionating the economy,
08:28we have seen from our own ecosystem more than 95,000 new jobs created thanks to all of those loans disbursed.
08:38Okay, Mr. Nathony, the last question. What are CoinWords short-term targets?
08:48I could say that as any startup in the market, we have a very big mission.
08:54And as any other new companies, we need to go brick by brick and step by step to be able to get to this mission.
09:02On the short term, we want to increase our penetration on the Indonesian market for FMCG, for agribusiness, for also e-commerce,
09:12and guarantee that all of those underserved segments of the Indonesian MSME market will have capital to grow.
09:21So people, our neighbors, people from our community, it is very important for Fintechs to use technology
09:29to actually deploy capital for these underserved segments.
09:34Yeah, we hope nothing but the best for CoinWords. I know it's quite early for you, but thank you very much for joining us.
09:39Thank you very much.
09:40See you on the next episode of Creative. Thank you, Nathan.
09:46Thank you, guys.
09:47All right, ladies and gentlemen, we will first update the movement of ISG, from the opening of C1 until now,
09:53until 9.29 p.m.
09:569 minutes, West Indonesia time.
09:58And in the opposite direction, the opening is definitely strengthening.
10:00Only now, it has dropped by 0.2 percent to 7,128, with the exchange rate of Rupiah falling to 16,369.
10:10Yes, and...
10:13Congratulations to the top gainers and top losers.
10:16Yes, there are BOGA, Cuan, United Tractors, Medco, GJTL, ATLA, ADMR, ITMG, JSMPR,
10:22and also the top losers are TPIA, PTRO, INTM, IOTF, PSAB, DSNG, eBoss, Essa, Mika, and also Nice.
10:32Yes, after 29 minutes of the opening, Samsung, Prajogopangas, who dominated earlier, is a bit shaky at the moment.
10:39And Mr. Mirsa, we have accompanied you for 90 minutes in Power Breakfast.
10:44Yes, I hope today's discussion can be a source of financial information for you.
10:47Keep borrowing your information only on IDX Channel, your trustworthy and comprehensive investment reference.
10:53Yes, and don't forget, Mr. Mirsa, watch the Market Review program, which will air at 10 p.m. West Indonesia time,
10:58with Prasetya Wibowo's friend later.
11:01And Mr. Mirsa, before we end, we remind you again, because the matter of the future must be forward,
11:05I am Investor Saham, I am Prisa Sompornatu.
11:08I am Mike Adrian, see you.
11:14Microsoft Mechanics
11:17www.microsoft.com
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