Episode description
Continuing our series on impact in Indonesia’s digital economy, AC Ventures' Head of ESG Lauren Blasco is joined by Angelique Timmer, SVP of Impact and ESG at KoinWorks, a full-fledged neobank for MSMEs that started out as a peer-to-peer lending platform for entrepreneurs to access working capital beyond banks and traditional financial institutions.
Today, KoinWorks delivers outsized impact across Indonesia by providing access to financial services and investment opportunities to underserved communities nationwide. This includes small business owners and micro-entrepreneurs that may not have a way to secure working capital. By offering access to loans and investment opportunities, KoinWorks empowers communities to grow and succeed financially.
AC Ventures recently established Indonesia's first quantifiable ESG standards with its debut report, “Scaling Impact With Technology,” produced in partnership with Boston Consulting Group and supported by The Upright Project. KoinWorks was one of the companies highlighted in the report. It delivered a net impact ratio of +63%, a phenomenal score compared to the Nasdaq Small Cap Index (NQUSS) average ratio of +29%.