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Australian fintech SkyCredit Group eyes Indonesian EV industry
The Indonesian government has a target of having 2 million electric vehicles (EVs) operate across Indonesia by 2025. To achieve the lofty goal, the government needs to forge partnerships with various stakeholders in different sectors.
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ne of them is SkyCredit, a Perth-based Australian fintech that will focus on middle-to-low income consumers through affordable funding schemes.
"The market for electric two-wheelers in Indonesia is certainly a game changer in the transition toward the country's transport decarbonization. Despite the growing demand, however, financing options remain limited for the unbanked or underbanked population in Indonesia," said SkyCredit managing director Paul Walsh.
"With Katalis’ support, our value proposition would make electric two-wheelers more accessible, and in the long run contribute to a sustainable urban-mobility system."
Katalis is a business-development business supported by the Indonesian and Australian governments under the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) Economic Cooperation Program (ECP). Both Katalis and SkyCredit will analyze the two-wheel EV sector in Indonesia while also conducting a study on investment potential and opportunities in infrastructure and technology.
“Innovative financing solutions are essential for sustainable mobility. We are proud to partner with SkyCredit to bolster EV adoption in Indonesia in accordance with [the Indonesian] government’s mission to open wider access to EV and achieve their target of reducing carbon emissions,” said Katalis director Paul Bartlett.
A pioneer of Australian-based Fintechs, the SkyCredit Group is an expert in credit-risk analysis, data analysis and technology with support from affiliated entities such as Fintech Services Australia, Fair Go Finance and Once Card Credit.
Since 2019, SkyCredit Group has managed to facilitate online and scaled financial-product transactions. The group is part of the transformational breakthroughs in Australian financial service.
With extensive experience in providing digital financial services and online credit for the subprime market in Australia, SkyCredit group is the most suitable partner for Indonesia’s rapidly growing markets, including EVs.
Meanwhile, the IA-CEPA ECP Katalis (Katalis) is a unique five-year (2020-2025) trade-and-investment development program supported by the Indonesian and Australian governments to open wider partnership opportunities between both countries. The program is a complement to existing bilateral, commercially oriented development programs under the Australian Government. Katalis also puts gender, disability and social inclusivity (GEDSI) in its core programs.
