This collaboration is in the form of providing a Term Credit loan facility from Danamon to VENTENY, which is then distributed to VENTENY MSME partners through the Business Acceleration program.
VENTENY CEO & Founder Jun Waide said that this collaboration was established thanks to the consistent commitment of VENTENY and Danamon to complement each other's service ecosystem in order to provide strategic digital solutions for VENTENY users.
"This collaboration helps us to channel larger and wider funding to MSME partners and their employees," he said in an official statement, Wednesday, June 1, 2022.
The Term Credit Service provided to VENTENY is a product of Danamon's Enterprise Banking, which is a short-term working capital loan facility that offers customers the flexibility to extend the loan tenor.
Meanwhile, all services and features from VENTENY can be utilized by more than 200 B2B users with more than 200,000 VENTENY user bases in four major cities in Indonesia, namely Jabodetabek, Surabaya, Lampung, and Bandung.
Global Alliance Strategy Director PT Bank Danamon Indonesia Tbk, Naoki Mizoguchi, said, "Danamon is proud to be working with VENTENY, which is an innovative company with a unique proposition to ensure employee happiness, especially for MSME employees."
In the future, the company hopes that the collaboration between VENTENY and Danamon will encourage the emergence of various new innovations and ease of access for local companies, especially MSMEs, to build networks and cooperate with other companies from outside Indonesia.