Jakarta, 11 October 2022 – KoinWorks, the first credit-led Micro, Small, and Medium Enterprises (MSMEs) neobank in Indonesia, appointed Frank Van Deur as Chief Financial Officer (CFO), effective October, 2022. 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 20 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. Willy Arifin, Executive Chairman and Co-Founder of KoinWorks, expressed confidence in Van Deur’s capabilities, “Frank has a firm grasp on the intricacies that an emerging market economy needs and is a leader with a lived understanding of the ever-changing global financial landscape. His appointment will be a boon to KoinWorks’ growth as a MSME focused neobank in Indonesia”. Previously, he was the Head of Corporate Finance & Capital Markets Asia Pacific at ABN AMRO Bank, based in Singapore. As CFO, Van Deur will among others develop funding and forecasting strategies and oversee the financial management of KoinWorks.
“KoinWorks’ focus on providing funding access to the large underserved MSME banking segment through transformative technology is a desirable value proposition. 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,” said Van Deur regarding his new role at KoinWorks.
Chief Executive Officer of KoinWorks, Benedicto Haryono, welcomes the selected CFO to the executive board of KoinWorks. “Frank will serve as a pillar for KoinWorks with his sharp analytical skills, strong character, and good values. 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,” said Benedicto.
MSMEs-focused neobank by KoinWorks was introduced to the public in April 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. Only launched in less than 4 months, this integrated financial services has empowered MSMEs 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.
With this key hire, KoinWorks will continue its expansion as a neobank that prioritizes MSME growth. Also, with the recent addition of KoinLearn to its roster of products, more users are expected to join the platform.
