The company also has has announced to acquire data center & business services provider PT Kinerja Indonesia. The acquisition positions the company to launch its services into Vietnam and Thailand.
KinerjaPay‘ mainly target consumer sector to provide micro lending facility in the range of $100 to $1,000 on biweekly or monthly term loans. As facilitator of the lending facility, the company will earn up to 5 percent fee from an estimated 1,000 transactions for the few months after its launch.
Kinerja Indonesia is one of many IT companies in Indonesia based in Medan, North Sumatra. Established in 2007 with a mission to tap into the ever-expanding opportunities posed by rapid growth of Internet users in Indonesia. The company has many businesses including data center, web hosting and development, network solutions, e-wallet and games.
KinerjaPay announced in 2017, total transactions grow 192 percent to 615.308 versus 320.224 total transactions reported in 2016. Total average revenue per user for the year was US$20.82, a 177 per cent increase from the $7.51 in 2016. Otherwise gross merchandise value was$2.84 million, up 328 per cent compared with $661,623 in 2016.
So far, the company has build partnership with three multi-finance companies inIndonesia namely Columbia Cash & Credit, PT Mega Auto Finance and PT WOM Finance to cover 1.5 their million active customers and 300 cities.
KinerjaPay also has partnership with Indonesian convenience store chain Alfamart and Indomaret to allow customers make payments on any transaction performed inside KinerjaPay platform.
Furthermore the company partnership with PT. 24 Jam Online, parent company of UniPin, one of Indonesia’s leading gaming platforms. Then, with Ace Legends, Singapore-Based Developer to support the launch of KinerjaGames.
Last year, the company also announced its initial coin offerings (ICO) sale plan. KinerjaPay is planning to raise up to $5 million from its impending ICO.