Xanderia’s Expansion into Indonesia
Jakarta, March 2023- March 2023 marks a significant milestone for the company as it takes a confident leap forward in expanding its business into the Indonesian marketplace. The newly formed entity for the Indonesian foray will be named PT Xanderia Investama, providing shariah-compliant consumer financing services, working together in one group with a variety of partners such as DEKOPIN, INDOSAT, Sahara, identified Ko-op partners, and an agile local TechFin services partner.
The partnership agreements aim to capitalize on the potential of the unbanked/underserved Indonesian marketplace, which has shown robust growth in recent years. The expansion into Indonesia is a strategic move for Xanderia to increase its regional market share and expand its customer base beyond its home market, Malaysia.
The launch of PT Xanderia Investama is not only a significant milestone for the company but also a testament to the group’s commitment to expanding their TechFin business shariah-compliant financing activities as well as demonstrating the group’s willingness to take calculated risks and make bold moves with identified partners in pursuit of growth and additional revenues.
PT Xanderia Investama and other partners in the ecosystem will leverage the strengths and expertise of all companies to bring innovative and high-quality financial services products into the Indonesian marketplace. The parties involved are committed to working together toward a successful long-term recurring revenue business model and creating value for all stakeholders of Xanderia.
