Australian fintech SkyCredit Group is eyeing the Indonesian electric two-wheeler market
JAKARTA, Indonesia and PERTH, Australia, 30 January 2023 /PRNewswire/ — Katalis has announced its support for Australian fintech company SkyCredit Group to explore entry into the Indonesian electric motorcycle market. The partnership will analyze the emerging sector of electric two-wheel mobility i Indonesia and identify opportunities for SkyCredit Group to engage based on their technological strengths.
Australian fintech SkyCredit Group is eyeing the Indonesian electric two-wheeler market
“The market for electric two-wheelers in Indonesia is certainly a game changer in the transition towards the country’s transport decarbonisation. However, despite the growing demand, financing options remain limited for the unbanked or underbanked population Indonesia. With Katalis support, our value proposition will make electric two-wheelers more accessible, and in the long run contribute to a sustainable urban mobility system,” said Paul WalsheCEO, SkyCredit.
Known for its “digital first” financial services offering online direct-to-consumer credit focused on the near-prime risk segment of the Australian market, Perth-based SkyCredit makes a reliable partner for engaging in an emerging market such as e.g Indonesiawhere the company seeks to enable credit sales of electric motorcycles and lower the entry barrier for middle- to low-income customers through affordable payment plans.
“Through Katalis support for the innovative fintech solutions offered by SkyCredit, we seek to encourage wider adoption of electric motorcycles in Indonesiain line with the government’s vision to make electric cars more accessible to a wider market and meet the decarbonisation target,” said Paul BartlettDirector, Katalis.
Already among the largest in the world, Indonesia’s electric two-wheeler market is set to grow even faster as the government sets a target of putting two million electric motorcycles on the road by 2025.
About Katalis
IA-CEPA ECP Katalis (Katalis) is a unique, five-year (2020-25) government-backed business development program that unlocks the enormous potential of economic partnership between Australia and Indonesia. Katalis was established under the Indonesia-Australia Comprehensive Economic Partnership Agreement Economic Cooperation Program (IA-CEPA ECP). The program complements other Australian development programs with a commercially-led, bilateral approach and puts Equality, Disability and Social Inclusion (GEDSI) at the heart of everything we do.
About SkyCredit
As a leading Australian based fintech company, SkyCredit Group’s experience and expertise in credit risk, data analytics and technology is underpinned and driven by its subsidiaries such as FinTech Services Australia, Fair Go Finance and A short credit. Founded in 2019, SkyCredit Group’s structure facilitates the delivery of scalable, electronic and embedded financial products to transform and disrupt the Australian financial services landscape.
Information and media contact
Adhi Fitri Dynasty | +62 822 2685 4874 | [email protected]
