DMSM and MPM Finance Tie Up to Provide Financing for Moms and Pops Stores through Mentimun Warung platform
Jakarta, July 8th 2019
PT. Dinamika Mitra Sukses Makmur (member of Indivara Group) Signs a Memorandum of Understanding (MOU) with PT. Mitra Pinasthika Mustika Finance (MPM Finance) to enrich Mentimun Warung apps with financing services features.
Mentimun Warung is a platform that allows moms and pops stores to connect directly with a supplier and logistic providers. By join in Mentimun Warung, mom and pops store owner could enjoy direct access to big suppliers and could get a more competitive price to compare to the traditional market, besides the benefit that they could shop whenever and wherever only using their smartphone.
Currently, there were 1900 moms and pops stores and 10 suppliers joined Mentimun Warung. Under the agreement, MPM Finance will enable moms and pops store owners that have joined in Mentimun Warung gets financing support to buy goods from the platform for their stocks.
Signing the Memorandum of Understanding (MoU) was Johny Kandano, CEO of MPM Finance and Jusuf Sjariffudin, CEO of DMSM. “I am delighted with this partnership,” said Johny Kandano “faster financing approvals will benefit mom and pop store who may need the credit to increase the quantity and variants of their stock in order to grow faster.”
“MPM Finance is not the first financing company we are partnering with, and through this initiative we continue our commitment to bring the benefit of digitalization to all levels also could give positive contributions to the business and our country,” said Jusuf Sjariffudin.