US$11.28M Distributed to SMEs from Equity Crowdfunding

Diana Mariska
A small business during the Word Superbike (WSBK) in Mandalika. (Photo: ITDC)
A small business during the Word Superbike (WSBK) in Mandalika. (Photo: ITDC) - Equity crowdfunding platform LandX has announced it has collected and distributed US$11.28 million to small-and-medium enterprises (SMEs) through the system.

Owned by PT Numex Teknologi Indonesia, LandX currently has more than 73,042 investors and 27 companies registered in the platform.

The amount collected and distributed by LandX made up almost half the total amount from all equity crowdfunding companies in Indonesia. The Financial Services Authority (OJK) reported that in 2021, seven equity crowdfunding companies registered in OJK were able to get more than US$25,857 for 176 SMEs, from a total of 34,675 investors.

On the positive trend, LandX aims to be one of the leading players in the industry as it offers high-value investment and positive profit growth.

“Positive profit growth and high-value investment are the fundamentals that LandX offers to be able to compete in the investment sector,” LandX founder and CEO Andika Sutoro Putra said in a statement on Monday, January 3, as reported by Antara.

He explained that from their investment, investors will get dividend every year.

Furthermore, the company already has their 2022 plans mapped out with the intention of expanding the business to reach more sectors. Several businesses in property, fertilizer factory, could kitchen, restaurant, and beauty clinic have already been registered in LandX’s system.

“This momentum [for expansion] encourages us to build our reputation in investment industry,” Putra said. “Nowadays, all system is digital-based. Every information related to funding will be provided transparently, so investors have nothing to worry about their money.”

Equity crowdfunding is a way to raise fund or capital online from investors for private businesses, and it has been growing in the last few months, with more companies established to provide the service. It has become an alternative for small businesses to get the money needed for their development.

Tag # small and medium enterprises # sme # financial # equity # equity crowdfunding # landx # economy

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