Ayoconnect Provides Guidance for 30 MSMEs Founder and CEO Startup from Floratama Academy
On Tuesday (5/10), Ayoconnect participated as one of the mentors at Floratama Academy, Indonesia, a series of programs initiated by the Labuan Bajo Flores Tourism Authority (BPOLBF) to improve the ability of MSME entrepreneurs in running tourism and creative businesses. On this occasion, Ayoconnect's Head of Synergy Achmad Syarifuddin (Ary) shared his experience and knowledge on how to manage finances for MSME business development with 30 selected participants about fintech and open finance.
On this occasion, Ayoconnect's Head of Synergy Achmad Syarifuddin (Ary) shared his experience and knowledge on how to manage finances for MSME business development with 30 selected participants.
“The most basic step that needs to be taken by MSMEs is to separate personal accounts from business accounts. Moreover, businesses owners also need to compile regular and accountable financial reports. Those will make it easier for MSMEs to make sales forecasts, prepare budgets, and apply for business loans from banks when needed," Ary explained.
Ayoconnect also had the opportunity to share a little information about the potential of Open Finance in increasing financial inclusion as well as encouraging competitive and sustainable MSME business growth. Currently, Ayoconnect and the Ministry of Tourism and Creative Economy are exploring opportunities for collaboration in realizing the Pandu Desa application that can help MSME actors in Tourism Villages (re: Desa Wisata) to open access to financial services for tourists and local residents.
Ayoconnect would like to thank BPOLBF and the Indonesian Ministry of Tourism and Creative Economy for the given opportunity. We hope that the information we convey can inspire participants to grow their businesses. Further information about BPOLBF and Floratama Academy can be accessed through this link.
Ayoconnect is Indonesia's largest API platform. It enables developers to choose from a wide range of financial white-label products on Ayoconnect’s API platform and quickly launch them to their users. Ayoconnect remains in the background, focused on building and operating the necessary infrastructure while allowing their clients to monetize and expand their business in a fast and massive way.
Founded in the year 2016, Ayoconnect’s API stack has seen rapid adoption. It is trusted by more than 1,000 Indonesian companies, including leading banks, retailers, e-commerce, fintech, and e-wallets such as Bank Mandiri, DANA, Indomaret, and Bukalapak. Ayoconnect’s APIs process more than 300 million API hits annually.
Ayoconnect has raised a total of USD 15 million (IDR 214.5 billion) from leading local and international institutional investors. Ayoconnect's Pre-Series B investors include BRI Ventures, Bank BRI's corporate venture capital unit; Indonesia’s AC Ventures, headed by Chairman of the Indonesian Fintech Association Pandu Sjahrir; Kakaku, a public company listed on the Tokyo Exchange (TYO); and Finch Capital among others. Ayoconnect continues expanding its ecosystem to accelerate financial inclusion and adoption of embedded finance throughout Indonesia.