Shoraka DV, the digital technology company focused on financial technology (Fintech) expands its fintech business to Indonesia by partnering with Indonesia’s PT Kennlines Capital (Kennlines). The partnership would mark the first international venture by Shoraka DV that would facilitate the offering of locally developed fintech solutions to the regional market.
Shoraka DV is the digital technology arm of Shoraka Group, founded in Dubai by a group of professionals with a business focus on financial advisory in the South East Asian and Middle East region. Since its inception, the group has expanded its business activities into construction, property, digital technology, education, and the energy industry.
Kennlines is an Indonesian investment holding company focusing on infrastructure, enterprise, digital and advisory. It has defined its portfolio in aspects of contributing to the development of the national economy.
This strategic partnership shows the dedication Shoraka DV has towards building on its expertise in digital technology industry. With Kennlines’ strong domestic networking, this strategic collaboration will be the vehicle for Shoraka DV in effectively providing digital solutions to suit the needs of the Indonesian community.
At the ceremony, Mohd Hasnul Ismar bin Mohd Ismail, Founder of the Group said, “This joint venture is a strategic collaboration with a strong partner that we have been working with for several in other aspects of Shoraka Group businesses. Given the unique fintech solutions offered by Shoraka DV and Kennlines’ strong local networking, we aim to leverage on each other’s strength to unlock market opportunities in Indonesia.”
The solutions Shoraka DV are planning to bring to the Indonesia market are its Re-Rahnu Platform (Shoraka Suyula Platform), Invoice Factoring Platform (Shoraka QuickFactor), and Tawarruq Commodity Trading Platform (Shoraka Al-Amin) subject to necessary domestic approval.
Johar Amat, Managing Director of SDV said, “Shoraka DV will work closely with our Indonesian counterpart to bring our solutions to the Indonesian market. We may modify the solutions to suit the local market.”
“We will improvise our systems according to the needs of our local partner and the local market in Indonesia” added Johar
The signing ceremony was held in Jakarta, in attendance of Chairman of Kennlines Capital,Bpk Mirza Whibowo Soenarto, Co-Founders of Shoraka Group, Mohd Hasnul Ismar bin Mohd Ismail and Wan Ahmad Nazim bin Mohamed Noor together with Managing Director of Shoraka DV, Johar bin Amat.
“We at Shoraka DV are constantly striving to innovate more digital solutions beyond fintech and looking to ink more strategic partnerships like this in other parts of the world to offer our digital solutions” Johar added.
