News

AsiaCollect launches operations in Indonesia

Non-performing loans (NPL) ratio in the country stands at 2.9% which is 2-3x above emerging market peers
AsiaCollect’s advanced technology helps consumer lenders recover bad debt efficiently and professionally

SINGAPORE, APRIL 17, 2018 — AsiaCollect announced today the launch of its operations in Jakarta, Indonesia. A pioneer in digital consumer Credit Management Services (CMS) in Southeast Asia, AsiaCollect brings global standards of technological efficiency, professionalism, and ethics to the consumer lending industry in Indonesia.

According to the ‘2018 Collection Complexity Score and Rating’ report by global credit insurance group Euler Hermes, Indonesia ranks among the hardest places in the world to collect debt payments.

Guillermo Martin, AsiaCollect’s global chief sales officer and Indonesia country manager, said, “We see very strong potential in Indonesia where we have estimated close to $15 billion of non-performing consumer loans to be generated in the next five years.”

“AsiaCollect’s digitally advanced online debt management solutions provide a good alternative to the traditional field-based operations we continue to see today. We are driven by global standards of technology, professionalism, and code of ethics, and we are optimistic we can introduce this to, and revolutionalise the collections industry in Indonesia,” added Guillermo.

AsiaCollect launched its first Operations Center in Vietnam in October 2016. Led by an international management team with decades of experience in CMS and consumer finance in emerging markets, AsiaCollect has seen steady growth since its 2016 launch. The Company currently serves more than 10 clients in Vietnam and the Philippines.

Sources:
https://www.ceicdata.com/en/indicator/indonesia/non-performing-loans-ratio
2018 Collection Complexity Score and Rating’ report by global credit insurance group Euler Hermes
AsiaCollect in-house research and analysis

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About AsiaCollect
AsiaCollect is a pioneer in providing integrated world-class Credit Management Services (CMS) in Southeast Asia. Focused on the $40 billion growth opportunity in non-performing consumer loans, AsiaCollect delivers maximum CMS efficiency for its clients through an integrated product offering, whichincludes CMS Outsourcing, CMS Advisory Services, Debt Purchasing, and Software-As-A-Service. AsiaCollect ensures that every debt solution reaches an optimal outcome for debtor as well as creditor, and operates on a world-class Code of Ethics, backed by a stringent set of operational risk control processes. Headquartered in Singapore, the Company is active in Vietnam, Indonesia, and the Philippines. AsiaCollect was seeded and developed by FORUM, the largest fintech venture builder in Emerging Asia.

About FORUM
FORUM is the largest fintech venture builder in Emerging Asia, focused on the $500 billion growth opportunity in the consumer lending vertical. FORUM identifies unique market segments for rapid value creation and build market-leading companies for capital gain. FORUM is currently developing four companies across Asia:CredoLab, AsiaCollect, SolarHome and AsiaKredit. The company is headquartered in Singapore and led by founder and CEO Greg Krasnov.