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Daily Markup #520: Carsome & Bank Jago partner for auto financing; eFishery & KreditPro empower aquatech industry; Cargobase earns ISO certification

Ching Yee Ho



Credit: Autofun

Banking on the secondhand car market

  • 500-backed secondhand car marketplace Carsome will receive working capital from  PT Bank Jago (ARTO) in Indonesia through their lending partnership, the first step towards a full cooperation between both companies.
  • Next up, they are collaborating to design a secondhand car dealership financing system which will be integrated into the Carsome Indonesia ecosystem. Today, Carsome Group is in Malaysia, Thailand, and Singapore, and has 100+ car inspection services across 70+ cities.
  • CEO of Carsome Indonesia Andrew Mawikere said the collaboration will pave the way for the company to expand its services across Indonesia and Southeast Asia. 
  • Read the full story here.

Credit: eFishery

An opportunity for farmers to scale up

  • Fish farmers are reeling in better financial support from a partnership between 500-backed aquatech startup eFishery and P2P lending platform KreditPro!
  • The ratio of credit distribution among fishermen and cultivators will be increased through the startup’s Kabayan program. 
  • Gibran Huzaifah, Co-founder & CEO of eFishery, said that since the launch of the Kabayan program in 2020, the startup has given financial access to more than 10,000 farmers. With this collaboration, he hopes to reach more than 30,000.
  • Read the announcement here.

Credit: Cargobase

Sensitive data, secured

  • Customers of 500-backed logistics tech platform Cargobase can use its services with peace of mind — the startup announced it has achieved the globally-recognized ISO 27001 certification
  • Companies that earn this certification must have demonstrated a systematic and documented approach to protecting and managing sensitive company and customer information, including intellectual property, employee and customer data, financial information, and information entrusted to it by third parties.
  • “Receiving the ISO 27001 certification is a significant accomplishment for Cargobase that demonstrates our commitment to, and prioritization of, security management controls for our customers, partners, and team members,” said Gert-Jan Spriensma, Chief Technology Officer at Cargobase.
  • “As more enterprises look to process sensitive and confidential business data with cloud-based services like Cargobase, it’s critical they do so in a way that ensures their data will remain safe. Our customers carry this responsibility every single day, and it’s important that the vendors they select to process their data in the cloud approach that responsibility in the same way”, Spriensma added.
  • Read the full article here.

Ching Yee Ho