SC Ventures, Standard Chartered’s fintech investment arm, launches Labama billing and billing platform for small and medium-sized enterprises (SMEs) in APAC.
Labamu aims to improve operations, increase sales and provide access to financial services. The platform will initially be rolled out in Indonesia.
SMEs account for 90% of businesses and 80% of employment in six Southeast Asian countries, representing a market worth US$2.5 trillion.
Labamu offers omnichannel sales support, including catalogs, inventory management, and reporting, as well as tools for digital and physical marketplaces.
It also provides integrated financial services such as embedded banking, procurement and working capital financing.
The platform also highlights women’s entrepreneurship through its Wanita Tumbuh Bersama campaign, which has trained over 7,500 business owners in essential skills.
“At Labamu, we believe that all small businesses contribute to shared economic prosperity and we want to empower them.
This platform stands out because it seamlessly integrates financial services into the platform. Merchants using Labamu can have invoices and invoice payments deposited directly into their bank accounts. ”
Emmanuel van de Geer, CEO of Labamu, said:
“Small and medium-sized businesses still suffer from a lack of access. During our incubation, we already recognized the potential of Labamu. The platform has earned the trust of over 80,000 small business owners.
Congratulations on the launch of Labamu as it embarks on a journey to empower small businesses. ”
CEO Alex Manson said: SC Ventures.
Featured image credit: Edited from freepic
