Eezee Announces Strategic Partnership with Genesis Alternative Ventures to Leverage Venture Debt for Bridging SMEs’ Working Capital Gaps
Jakarta, Indonesia, 29 August 2024 – Eezee is excited to announce a groundbreaking partnership with Genesis Alternative Ventures (“Genesis”). This collaboration marks a significant milestone in trade working capital financing in Indonesia, aiming to bridge the gap between multinational corporations (MNCs) and small and medium-sized enterprises (SMEs), facilitating smoother and more efficient transactions.
Addressing a Critical Challenge
Many large MNCs in Indonesia face significant challenges in unlocking demand from SME suppliers. These SMEs often struggle with cash flow issues, which hinder their ability to meet procurement demands and offer necessary credit terms. Consequently, both SMEs and MNCs miss out on valuable business opportunities, stunting potential growth and economic progress.
An Optimal Debt Financing Solution
Through this strategic partnership, Eezee, alongside Genesis, can help bridge the working capital gap. MNCs can now conduct transactions via Eezee, backed by a committed debt facility from our venture debt partners. This financing model alleviates cash flow constraints for SMEs, eliminating the need for them to source external funds to meet procurement demands. By financing these transactions, we ensure that SMEs have the liquidity to seamlessly serve the procurement needs of large corporations
Empowering Indonesia’s SMEs
This debt facility is expected to make a substantial impact on the Indonesian market, empowering the country’s 62 million SMEs to focus on growth and innovation, tapping into previously unreachable demand from MNCs. This partnership aims to create a thriving business ecosystem where both SMEs and MNCs can collaborate to conduct business.
About Eezee
Eezee provides Global 2000 enterprises with procurement management solutions to manage their tail spend through our MRO industrial supplies marketplace and payment platform. Our platform, designed to work with third-party procurement and enterprise resource management software, enables businesses to pay vendors in “minutes” rather than weeks by cutting down on the administrative and operational challenges that come with engaging and paying vendors.
For further information on Eezee, please visit www.eezee.co.
About Genesis Alternative Ventures
Genesis Alternative Ventures is Southeast Asia’s leading private lender to venture and growth-stage companies funded by tier-one VCs. Genesis is founded by a team of venture lending pioneers who have backed some of Southeast Asia’s best loved companies. Armed with a strong reputation among entrepreneurs and investors, Genesis is a trusted partner in empowering corporate growth while minimising shareholders’ equity dilution. Genesis was founded by Ben J Benjamin, Dr Jeremy Loh and Martin Tang in 2019.
For further information on Genesis Alternative Ventures, please visit www.genesisventures.co.
