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TaniGroup Partners with International Finance Corporation for Fintech and E-commerce Idea in Agriculture

Partnership for technical support, SOP finalization, and tools development

Randi Eka - 6 August 2018

TaniGroup (TaniHub & TaniFund) announces a partnership with the International Finance Corporation (IFC) to support Indonesian agriculture. In this partnership, TaniGroup will get technical support to expand e-commerce and fintech services in agriculture. It's IFC first collaboration with Indonesia's startup.

TaniGroup and IFC partnership will be formed as the technical assistance (advisory) in 2 years, standard operational procedure (SOP) improvement, distribution chain efficiency, also the development of some tools to identify regional potential and scoring for prospective farmers or SMEs of TaniGroup partners.

Eka Pamitra, Tani Group's Co-Founder & President, said, "We believe that TaniGroup will grow rapidly with IFC help. Due to their rich experience in advising some giant agribusiness, both domestic and international."

Team IFC and TaniGroup in a discussion forum in Jakarta / TaniGroup

IFC is an international financial institution, member of World Bank Group which aims to support the developing countries financial through capital and technical in private sectors. Along with TaniGroup, IFC agreed to encourage financial inclusion and increase social impact, including the increase of small farmers income and women involved in agriculture.

"Tanihub allows farmers to increase income by selling the crops without middlemen. This is a model we expected to inspire Indonesia in doing a lot more in the world of fintech," Philippe Le Houerou, IFC's CEO said at an occasion in Jakarta.

Pamitra added that IFC will help to implement the globally proven best practices into TaniGroup business process. The expectation rose that TaniGroup can operate better, more efficient, and the most important is to have a huge social impact in public.

Original article is in Indonesian, translated by Kristin Siagian

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