Lippo Group
7 Boulevard Palem Raya, 22nd Floor Menara Matahari, Lippo Karawaci, Tangerang, Banten, 15811, Indonesia
Overview
PT Lippo Karawaci Tbk ("Lippo Karawaci") was founded on a vision to impact lives through the development of well-planned sustainable independent townships within green environments and first class physical and social infrastructure. Over more than a decade, the Company has proven itself to be a highly trusted property developer with a most recognisable brand name. It is the owner of the largest diversified landbank and a leader in pioneering projects in strategic locations throughout Indonesia. Through a merger of 8 property related companies in 2004 the Company has expanded its business portfolio to encompass urban development, large scale integrated developments, retail malls, healthcare, hotels and leisure, as well as a fee-based income portfolio. Lippo Karawaci is now the largest listed property company in Indonesia by market capitalisation, assets and revenue, with a unique and integrated business model. It operates Indonesia’s premier private hospital group, the only one achieving world class standards, and is an undisputed retail property industry leader.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 3
Sector focus
- Consulting
- Property Development
- Property Management
- Real Estate
Investment portfolio
- Fairbanc
Participated · Series A · Jul 2022
Fairbanc is a B2B embedded finance startup based in Singapore and Silicon Valley that operates in Indonesia. The company is described as providing embedded finance to businesses (the article does not detail specific products). The report states Fairbanc has secured $13.3 million in debt financing. That financing is described as Pegadaian-backed. The article does not disclose operating metrics, revenue, users, or future plans. No additional product details or use of proceeds were provided in the article. Fairbanc offers buy-now-pay-later credit targeted at last-mile micro-merchants to finance fast-moving consumer goods (FMCG) inventory, with loan terms typically of one to two weeks. The company has partnerships with 13 consumer brands, including Unilever, Nestle, Coca-Cola and Danone, and integrates with distributors and brand sales agents. In under 12 months it onboarded over 350,000 merchants, of which 75,000 are using its BNPL feature; typical merchants purchase $50–$300 of product each week. A Unilever–Fairbanc survey found about 80% of users are unbanked and roughly 70% are women; Fairbanc says merchants increased sales by an average of 35%. The product also finances small retailers that sell smartphones. Fairbanc plans to expand further across Indonesia, explore Vietnam and the Philippines in partnership with Unilever, and broaden into other B2B supply‑chain verticals beyond FMCG. Fairbanc embeds pay-later inventory financing into large FMCG partners' distribution apps, using AI-powered credit scoring to make instant microcredit decisions without loan applications or smartphones. The company partners with major FMCG firms including Unilever, L'Oréal, and Danone to help merchants increase inventory and sales. Since its 2019 inception, Fairbanc reports merchant sales growth of over 35% while keeping nonperforming loans near zero. It says it has nearly 60,000 merchants in its network and plugs into partners' order and payment history to underwrite credit. Fairbanc plans to use new funding to expand distributor partnerships and strengthen its sales and technology teams, and is developing a product recommendation system with inventory and climate-event alerts to help merchants plan ahead.