Saturday, 28 May 2022 | 16:39 WIB

Banyuwangi Regent Anas Connects MSME with Fintech Startups

Banyuwangi Regent Abdullah Azwar Anas during a visit to MSME.

BANYUWANGI, NETRALNEWS.COM – Banyuwangi Regional Government will again partner with digital platform startups to develop the region.

After with Gojek ride-hailing service provider, there are several more similar companies that will be embraced. One of them is the startup of financial technology (fintech), especially for financing facilities to micro, small and medium enterprises (MSME).

"I recently met some startup CEOs, there are many ideas to accelerate the development of Banyuwangi. Yesterday [earlier] [I was] working with Gojek for transporting drugs and culinary promotion, now we want to partner fintech startups for MSME financing. There are several fintechs that we will cooperate," said Anas after visiting a number of MSMEs in Banyuwangi, Tuesday (11/21/2017).

According to Anas, now the world has changed. Economic democratization occurs because the penetration of information technology, including in the financial world where diverse alternative financing besides banking is emerging.

There is a technological financial services startup with a peer to peer (P2P) lending concept that connects both borrowers and lenders with technological help. These, Anas pointed out, are such as, Koinworks, modalku, and

"Later Banyuwangi MSMEs are registered, then through fintech startup cooperation, they are potentially financed. So Banyuwangi wants special cooperation with startups of fintech field, which we can connect with MSME here. Of course in this cooperation we choose the most competitive and provide many advantages for MSMEs, as well as supporting the strengthening of digital ecosystem according to the direction of President Jokowi," said Anas.

Through collaboration with the fintech startup, Anas hopes Banyuwangi MSMEs can grow further. "This is an alternative to banking. Of course the financing from banks is also very reliable, and banks in Banyuwangi continue to encourage us to develop MSMEs," he said.

During the visit to several MSMEs, Anas also emphasized the importance of product packaging in increasing sales. With good packaging, product prices can also increase.

"So for MSME of Banyuwangi let's revamp the packaging. Please consult to Creative House on Jalan Ahmad Yani Banyuwangi, request free packaging design there," concluded Anas.