VENTENY raises US$5.5M from Women’s Livelihood Bond 7 to accelerate financial inclusion in Indonesia

Indonesia-based VENTENY introduced that it raised US$5.5 million from Girls’s Livelihood Bond 7, a cross-sectoral international initiative by Influence Funding Alternate (IIX) that goals to empower ladies and women in constructing financial resilience and environmental sustainability.

As a financing platform for small- and medium-sized enterprises (SMEs), that can also be behind the worker welfare platform VENTENY Empoyee Tremendous App, VENTENY meant to make use of the brand new funding to speed up its enterprise in Indonesia by channeling funds to women-owned SMEs. They are going to particularly goal low revenue, rural communities with restricted entry to monetary companies.

“Our collaboration with WLB7 is supposed not solely to assist the expansion of our firm, but in addition to strengthen our dedication to monetary inclusion and social influence in Indonesia. This funding is an acknowledgment for our enterprise mannequin which mixes technological innovation with financial empowerment for each enterprise homeowners and workers,” stated Jun Waide, Founder and Group CEO of VENTENY, in a press assertion.

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“Via the Girls’s Livelihood Bond 7, IIX continues to channel non-public funds to assist inclusive progress and gender equality in precedence market corresponding to Indonesia. We’re blissful to assist VENTENY in widening entry to monetary inclusion and enhance financial resilience for girls and SMEs in Indonesia,” stated Robert Kraybill, CIO at IIX.

VENTENY has additionally not too long ago obtained the Orange Seal Certification from IIX as an acknowldgment of the corporate’s operational commonplace.

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Picture credit score: VENTENY

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