Batumbu, an Indonesian fintech lending company and part of Validus Investment Holding, has appointed a new Board of Directors.

Reza Perazi Armadi has been appointed as the new President Director, succeeding Tan Glant Saputrahadi, who stepped down from the role.

Reza previously served as Deputy President Director and has over two decades of experience in the banking industry, particularly in MSMEs and supply chain finance.

Paulus Adinata Widia has been appointed as Deputy President Director, and Mochamad Tommy Hersyaputera will serve as Director, pending approval from the Financial Services Authority (OJK).

Batumbu, now in its sixth year of operation, will continue focusing on supporting MSMEs and collaborating with its partners in the financial sector.

“Under Glant’s leadership, Batumbu has successfully provided affordable financing solutions to MSMEs in Indonesia while consistently posting positive monthly EBITDA growth to date. These achievements have positioned Batumbu as a company with strong and sustainable business performance.

Going forward, I am confident that Reza will elevate Batumbu, beyond just a financing platform, transforming it into a strategic partner for businesses across the supply chain network, as part of Validus,”

said Batumbu’s Independent President Commissioner, Manggi Taruna Habir.

“I would like to extend my heartfelt thanks to Glant for his exceptional leadership. Under his guidance, Batumbu has become the largest profitable SME financing platform in Indonesia.

Looking ahead, I am confident that given Reza’s extensive experience in supply chain financing, Batumbu will further cement its position as the largest SME financing platform in Indonesia.”

said Nikhilesh Goel, Co-Founder and Group CEO of Validus.

Featured image: (From left) Paulus Adinata Widia, Deputy President Director; Reza Perazi Armadi, President Director; Mochamad Tommy Hersyaputera, Director

Edited from Freepik

The article first appeared on Fintech News Singapore