KoinWorks, the first credit-led neobank in Indonesia for micro, small and medium enterprises (MSMEs), announced the appointment of Frank Van Deur as Chief Financial Officer (CFO). Van Deur will join the company's executive board and lead KoinWorks' financial advancement as a neobank specifically tailored to increase financial inclusion for neglected but impactful industries in the country.
Van Deur has over twenty years of experience as an advisory, risk and funding expert in finance and banking across various regions, including the US, Asia Pacific, Europe, the Middle East and Africa. Previously, he was the Head of Corporate Finance & Capital Markets Asia Pacific at ABN AMRO Bank, based in Singapore. As CFO, Van Deur will join the force to develop funding and forecasting strategies and oversee the financial management of KoinWorks.
“KoinWorks' focus on providing accessible funding to the largely underserved MSME banking segment through transformative technology is a desirable value proposition,” said Frank Van Deur. “I am fortunate to join an innovative and dynamic team that spearheads the robust growth and development of the rapidly expanding fintech space. As KoinWorks develops a broader ecosystem for MSMEs, I am committed to sharing my knowledge and contributing my abilities for the success of these crucial endeavors.”
“Frank has a firm grasp on the intricacies that an emerging market economy requires and is a leader with a lived understanding of the ever-changing global financial landscape,” said Willy Arifin, Executive Chairman and Co-Founder of Koinworks. “His appointment will be a boon to KoinWorks' growth as a MSME-focused neobank in Indonesia.”
“Frank will serve as a pillar for KoinWorks with his sharp analytical skills, strong character and good values.” said Chief Executive Officer of KoinWorks, Benedicto Haryono. “With the same vision, we believe we can enable our teams to become stronger, be steadfast in our goals and persevere as a fintech company that is aggressive in our mission to boost the MSME sector in Indonesia.”
KoinWorks' MSMEs-focused neobank was introduced to the public in April of 2022 as KoinWorks NEO. MSMEs owners now have easy access to much-needed features like borrowing for capital, making payments, sending money and creating financial reports. These integrated financial services have empowered MSMEs in less than four months with 90,000 NEO accounts and 120,000 NEO Cards created. With its new achievements, KoinWorks will continue pursuing its vision for an inclusive and flourishing economy for all levels of Indonesian society by evolving as a neobank through KoinWorks NEO.
Van Duer joins KoinWorks at a critical time, as KoinWorks aims to continue its expansion as a neobank prioritizing MSME growth. Recently adding KoinLearn to its roster of products, KoinWorks expects more users to join the existing 2 million users on the platform.
To join the millions of users already using KoinWorks, download the application and activate your KoinWorks NEO account in minutes.
KoinWorks is the first credit-led micro, small, and medium Enterprises (MSMEs) neobank in Indonesia with 2 millions users, that provides business development solutions for micro enterprises, freelancers, and startups that are just beginning their business journeys. With One Click to Unlock Your Dreams, KoinWorks is the financial partner that will help anyone and everyone realize their business dreams and achieve financial success. Founded in 2016, KoinWorks originally found success as a digital lending company, and continues its thrust to support the growth of the Indonesian economy by helping all levels of Indonesian society achieve their financial goals. The company is headquartered in Jakarta with Holding in Singapore and Tech offices in Yogyakarta, New Delhi and Ho Chi Minh City. The KoinWorks application can be accessed via Google Play and the App Store.
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