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Fairbanc Secures $3.13M from Indonesian State-Owned Bahana Artha Ventura to Boost SME Lending

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Singapore, 18 December 2024 – Fairbanc, a Singapore and Silicon Valley-based fintech platform specializing in B2B supply chain financing in Indonesia, has secured $3.13 million (IDR 50 billion) in funding from Indonesian state-owned Bahana Artha Ventura (BAV). The investment will support Fairbanc’s expansion in SME lending and enhance its operations.

Bahana Artha Ventura, part of the state-owned IFG Group which manages over $20 billion in assets, focuses on fostering high-growth and innovative startups in fintech and technology. Agus Wicaksono, President Director of BAV, stated, “Fairbanc’s technology and data-driven approach to credit will enable us to target SMEs in need of growth capital. We are confident this partnership will evolve into a scalable SME lending platform for BAV.”

The funding comes as Fairbanc nears profitability, financing over 250,000 merchants across Indonesia. This investment adds to a

successful year for Fairbanc, with over $40 million raised from prominent investors, including SMBC, Pegadaian (BRI Group). Additionally, Fairbanc raised equity capital from the Asian Development Bank, East Ventures, OakDrive Venture, Lippo Group, 500 Global, Accion Venture Labs, and Indonesian billionaire Michael Sampoerna.

Agus Wicaksono, the President Director of BAV and Mir Haque, Founder & CEO of Fairbanc / Photo credit: Fairbanc

Fairbanc’s technology leverages AI and machine learning to extract credit scores by connecting with Big Data from the major brands’ ERP systems, including Unilever, Danone, and Nestlé. Founded in 2019 by Mir Haque, a Wharton MBA with experience at Google, Adobe, McKinsey, and Deutsche Bank, Fairbanc aims to address financial inclusion challenges in emerging markets. According to a Unilever survey, 80% of Fairbanc’s beneficiaries are unbanked, and 70% are women merchants who report a 35% average increase in sales due to Fairbanc’s BNPL technology.

Fairbanc-BAV Signing Ceremony / Photo credit: Fairbanc

With a mission to serve the fourth-largest unbanked population globally, Fairbanc views Indonesia as a launchpad for scalable credit solutions, with plans to expand into Vietnam and the Philippines in partnership with Unilever. “We see this as a tremendous opportunity to uplift millions of underserved merchants out of poverty while driving economic revitalization,” said Mir Haque, Founder and CEO of Fairbanc.

For media inquiries,

contact: mir@fairbanc.app

fairbanc.app 

Singapore, Singapore

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Press Release

Actbest – Revolutionizing Eco-Friendly Mobility with Innovative E-Bikes

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United States, 1st May 2025, – Actbest has established itself as an online supplier of high-quality e-bikes, committed to transforming eco-friendly commuting into a convenient experience that everyone can enjoy. As a trusted brand in the e-bike industry, Actbest combines a passion for sustainability with a strong commitment to customer satisfaction.

The company’s core philosophy revolves around quality assurance, ensuring that each product delivers exceptional performance while providing customers with excellent value. More than just a means of transportation, Actbest e-bikes are a catalyst for a healthy lifestyle, combining fitness with the joy of powered riding.

Actbest - Revolutionizing Eco-Friendly Mobility with Innovative E-Bikes

Riders First: Explore Product Line and What They’re Saying

Actbest stands out in the competitive e-bike market thanks to its customer-centric philosophy and rich product line. Actbest e-bikes have received rave reviews from many riders and are widely praised for their smooth and safe performance on a variety of terrains. This positive feedback is the result of Actbest’s commitment to enhancing the riding experience, actively listening to customer needs, and improving product design based on this feedback to truly create an ideal travel companion.

“Every ride with Actbest is a safe and enjoyable adventure, designed just for you,” said a company representative. This also reflects the brand’s determination to create ideal travel companions for diverse consumer needs. Whether it is commuter ebike, mountain ebike, fat tire ebike or folding ebike, all Actbest e-bikes put quality and safety first.

Designed, Manufactured, and Tested In-House

One of Actbest’s major competitive advantages is its vertically integrated production model. The company owns and operates its own dedicated factory, where it independently innovates, designs and manufactures high-quality e-bikes. This comprehensive self-production model allows it to have full control over the entire production process, from the initial design concept to the final assembly.

This manufacturing independence allows Actbest to maintain strict quality standards for performance, durability and safety across its entire product line. Actbest continues to push the boundaries of e-mobility innovation and is committed to providing a well-designed and enjoyable riding experience.

Actbest - Revolutionizing Eco-Friendly Mobility with Innovative E-Bikes

Join the Action: Create a Green Future Together

For consumers who pursue a more active and environmentally friendly future, Actbest provides more than just products; it also provides an enhanced lifestyle that combines technological innovation with ecological responsibility.

For more information about Actbest and its range of e-bikes, visit https://actbestbike.com.

Media Contact

Organization: ACTBEST

Contact
Person:
Doralin

Website:

https://actbestbike.com/

Email:

doralin@actbest.net

Contact Number: 13396965949

Country:United States

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Press Release

Cristobal Bull, Nowhere to Hide, The Islander, and What Mommy Doesn’t See Win April BREW Award

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Australia, 1st May 2025,
 

The Chrysalis BREW Project has announced the winners of the April 2025 BREW Readers’ Choice Award Book of the Month. The titles recognised this month are Cristobal Bull by Chris Corbett, Nowhere to Hide by Jude Austin, The Islander by David W. Berner, and What Mommy Doesn’t See by Karen Ledbetter.

Cristobal Bull by Chris Corbett was noted for its character construction and storytelling approach. The review from The Chrysalis BREW Project stated, “Corbett’s focus on the Bull’s past serves the story’s depth and flow well.” It also noted that the author “presents the Bull as a human being first, with motivations, history, and internal logic.”

Nowhere to Hide by Jude Austin was recognised for its exploration of interspecies dynamics and ethical complexity. The review highlighted, “The best parts of this book highlight what happens when two intelligent life forms attempt to understand each other without the option of walking away.”

David W. Berner’s The Islander was chosen for its portrayal of introspection and change. According to the review, the book is “not a travel story but a story of travelling inward, away from things, people, and situations, and toward clarity.”

Karen Ledbetter’s What Mommy Doesn’t See was recognised for its narrative focus and treatment of sensitive topics. The review noted that “Ledbetter handles sensitive scenes with a deliberate lack of over-dramatisation” and “presents the narrative from the child’s perspective without unnecessary exposition.”

More details about this announcement are on The Chrysalis BREW Project website.

About the Award

The BREW Readers’ Choice Award is a monthly and annual celebration of literature, where readers determine the most beloved books. Book of the Month winners automatically contend for the Reader’s Choice of the Year Awards, which highlight exceptional literary works. To nominate a book or learn more, visit the official page of the BREW Readers’ Choice Award

 

Media Contact

Organization: The Chrysalis BREW Project

Contact
Person:
The Chrysalis BREW Project

Website:

https://thechrysalisbrewproject.com

Email:

info@thechrysalisbrewproject.com

Country:Australia

The post Cristobal Bull, Nowhere to Hide, The Islander, and What Mommy Doesn’t See Win April BREW Award appeared first on
Brand News 24.
It is provided by a third-party content
provider. Brand News 24 makes no
warranties or representations in connection with it.

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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Press Release

Cristobal Bull, Nowhere to Hide, The Islander, and What Mommy Doesn’t See Win April BREW Award

Published

on

Australia, 1st May 2025,
 

The Chrysalis BREW Project has announced the winners of the April 2025 BREW Readers’ Choice Award Book of the Month. The titles recognised this month are Cristobal Bull by Chris Corbett, Nowhere to Hide by Jude Austin, The Islander by David W. Berner, and What Mommy Doesn’t See by Karen Ledbetter.

Cristobal Bull by Chris Corbett was noted for its character construction and storytelling approach. The review from The Chrysalis BREW Project stated, “Corbett’s focus on the Bull’s past serves the story’s depth and flow well.” It also noted that the author “presents the Bull as a human being first, with motivations, history, and internal logic.”

Nowhere to Hide by Jude Austin was recognised for its exploration of interspecies dynamics and ethical complexity. The review highlighted, “The best parts of this book highlight what happens when two intelligent life forms attempt to understand each other without the option of walking away.”

David W. Berner’s The Islander was chosen for its portrayal of introspection and change. According to the review, the book is “not a travel story but a story of travelling inward, away from things, people, and situations, and toward clarity.”

Karen Ledbetter’s What Mommy Doesn’t See was recognised for its narrative focus and treatment of sensitive topics. The review noted that “Ledbetter handles sensitive scenes with a deliberate lack of over-dramatisation” and “presents the narrative from the child’s perspective without unnecessary exposition.”

More details about this announcement are on The Chrysalis BREW Project website.

About the Award

The BREW Readers’ Choice Award is a monthly and annual celebration of literature, where readers determine the most beloved books. Book of the Month winners automatically contend for the Reader’s Choice of the Year Awards, which highlight exceptional literary works. To nominate a book or learn more, visit the official page of the BREW Readers’ Choice Award

 

Media Contact

Organization: The Chrysalis BREW Project

Contact
Person:
The Chrysalis BREW Project

Website:

https://thechrysalisbrewproject.com

Email:

info@thechrysalisbrewproject.com

Country:Australia

The post Cristobal Bull, Nowhere to Hide, The Islander, and What Mommy Doesn’t See Win April BREW Award appeared first on
Brand News 24.
It is provided by a third-party content
provider. Brand News 24 makes no
warranties or representations in connection with it.

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

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