Achiko est une équipe internationale opérant en Jakarta, Séoul et Tapei.
Contactez-nous pour en savoir plus sur la manière dont nous pouvons vous aider à développer votre entreprise dans la région.
© 2019 Achiko Limited
register-for-email.png

Inscrivez-vous à l'alerte e-mail

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

 

 

Achiko announces investment in EmpatKali to offer buy now, pay later services in Indonesia

‚Äč

Zurich/Jakarta, 4 December 2019 – FinTech company Achiko Ltd. (ACHI:SWX) and EmpatKali announce their intention to license Achiko’s digital financial platform to EmpatKali, to provide after-pay services on Achiko’s digital financial platform offering in Indonesia.

 

Kenneth Ting, CEO of Achiko Ltd, said: “Our agreement with EmpatKali underlines our hyper-local strategy of investing in leading financial services products for our customers in each geographical region where we operate.”

 

Users of EmpatKali’s service will be able to use Achiko’s future digital financial services platform as a payment channel for payments and users of Achiko’s app will be able to access EmpatKali’s after-pay service, subject to meeting qualifying conditions. 

 

As part of this agreement, Achiko Ltd. is investing USD 100,000 in EmpatKali through a convertible note.

 

Jamie Camidge, CEO of EmpatKali, said: “EmpatKali is pleased to be partnering with Achiko to offer our zero-interest buy now, pay later service to a wider group of customers in Indonesia who are looking for transparent, simple instalment products.”

 

EmpatKali intends to become a participant of Achiko’s planned financial services platform, which is a central part of Achiko’s strategy. Achiko intends to bolt the financial services platform into its payment services in Indonesia, use it as an anchor product in Europe, and believes that the suite of services (including consumer credit, vouchers, offers, games services, etc.) may be relevant to broader Asia, Europe and beyond.

 

 

About Achiko

Achiko is the holding company of the Mimopay and Kryptonite businesses. The group has branch offices in Indonesia, Hong Kong, Singapore and South Korea.

Achiko has an experienced management team which has a track record building internationally recognised digital businesses and has also implemented them for companies like Disney, TimeWarner (now WarnerMedia), Samsung, Kakao, Leon Entertainment and many others.

Achiko has significant shareholders such as MNC Group, Southeast Asia’s leading media conglomerate, and SOSV — a U.S.-headquartered venture capital firm whose net IRR over the last 20 years puts it in the top 10% of all venture funds worldwide. The company graduated from MOX, an SOSV accelerator for cross-border mobile internet, in 2018.

 

Further information can be found on www.achiko.co.

 

About EmpatKali

EmpatKali is a buy now, pay later business, registered and monitored by Oritas Jasa Keuangan (OJK), Indonesia’s financial services authority. EmpatKali offers Indonesian consumers to buy their favourite fashion and lifestyle brands and pay later. Their always 0% interest instalment solution is ideally suited to the 85% of Indonesian Muslims who may have a reluctance to use financial products which charge interest. 

 

Further information can be found on www.empatkali.co.id 

 

Press Contact

Germany and Austria

Axel Mühlhaus / Dr. Sönke Knop

edicto GmbH

E: achiko@edicto.de

T: +49 69 90 55 05-51

 

Switzerland

Marcus Balogh

Farner Consulting Ltd.

E: achiko@farner.ch

T: +41 44 266 67 67

 

Disclaimer

This publication constitutes neither an offer to sell nor a solicitation to buy securities of the Company and it does not constitute a prospectus or a similar communication within the meaning of article 652a, 752 and/or 1156 of the Swiss Code of Obligations or a listing prospectus within the meaning of the listing rules of the SIX Swiss Exchange.

 

This communication is being distributed only to, and is directed only at (i) persons outside the United Kingdom, (ii) persons who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth entities, and other persons to whom it may otherwise lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as "Relevant Persons"). Any investment or investment activity to which this communication relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. Any person who is not a Relevant Person must not act or rely on this communication or any of its contents.

 

This communication does not constitute an "offer of securities to the public" within the meaning of Regulation 2017/1129 of the European Union (the "Prospectus Regulation") of the securities referred to in it (the "Securities") in any member state of the European Economic Area (the "EEA"). Any offers of the Securities to persons in the EEA will be made pursuant to an exemption under the Prospectus Regulation from the requirement to produce a prospectus for offers of the Securities.

The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States or to US persons (as such term is defined in Regulation S under the Securities Act) unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. The issuer of the securities has not registered, and does not intend to register, any portion of the securities in the United States, and does not intend to conduct a public offering of securities in the United States.