Crediblea global working capital technology platform, has partnered with a digital lending innovator PowerCred build a strong global working capital finance technology ecosystem for banks and financial institutions in Indonesia.
This collaboration marks a crucial milestone for CredAble. It aligns with the company’s strategic vision to expand its presence in the APAC region and build a globally integrated but locally relevant technology platform.
The partnership will leverage CredAble’s industry-leading expertise in building advanced working capital technology platforms, as well as PowerCred’s in-depth understanding of Indonesia’s financial services landscape and risk intelligence expertise.
Together, the companies develop innovative solutions tailored to meet regional compliance requirements while maintaining global scalability.
Additionally, the two companies are partnering to ensure rapid onboarding, efficient underwriting processes and robust authentication systems by integrating with local digital public infrastructure (DPI) frameworks and leveraging capabilities based on APIs.
CredAble and PowerCred aim to rethink banking operations by digitizing processes and significantly reducing turnaround times (TAT). Their partnership strengthens credit risk assessment and underwriting modules, providing tangible benefits to supply chain network stakeholders. Using advanced bank statement analysis, identity verification tools and alternative data sources integrated with local DPI and its expanded capabilities, this collaboration ensures smarter and faster credit decisions.
The partnership is also a good start for CredAble, as the company seeks to fuel its planned expansion in Indonesia, building a sustainable and scalable technology foundation for global growth.
Satyam Agrawal, Global Head of Product and Retail Business Lending, MD ASEAN & ME of CredAble, commented on the partnership, saying:“Our partnership with PowerCred represents a critical step in our mission to create a globally interconnected supply chain finance ecosystem. By leveraging our advanced technology solutions as well as PowerCred’s regional capabilities, we accelerate financial inclusion, redefine lending processes and help banks and financial institutions exceed their customers’ expectations.
Kunal Goel, CEO, PowerCred, added“The partnership with CredAble strengthens our vision of creating compliant, efficient and easily accessible financial solutions for Indonesia and the Southeast Asian market as a whole. This collaboration allows us to combine global best practices with local innovation and set new standards of excellence in supply chain finance.
CredAble’s entry into the Indonesian markets highlights its commitment to collaborate with new-age FinTech players like PowerCred to prioritize the provision of innovative and localized services. PowerCred’s local expertise further strengthens the partnership’s ability to create region-specific solutions and accelerate digital transformation for banks and financial institutions.
The partnership also paves the way for future collaborations in new geographies, aiming to create an interconnected global network for supply chain finance and digital lending technology. By working with regional leaders, CredAble ensures its solutions remain both adaptable and effective across diverse financial ecosystems.