JAKARTA, 9 January 2020 - Cashlez as a Financial Technology company - Payment Gateway licensed from Bank Indonesia has recorded significant achievements and growth throughout 2019. Cashlez closed 2019 with remarkable achievements in terms of the number of merchants doubling, number of transactions above 200% and GTV more than 180% compared to 2018. This achievement is even higher than the target set by management at the beginning of the year. In the same year, Cashlez managed to become the first fintech company in Indonesia to get series A funding from Sumitomo Corporation.

Teddy Tee, CEO & Founder of Cashlez, stated, "2019 has been an extraordinary year for us. This year we achieved a lot of achievements through strategy planning and focus execution that we did on all sides, both internal and external. This includes how we strengthen the organizational structure and capital, products and services, both online and offline coverage, 3S (speed, support and service), collaboration with strategic partners based on company values through the optimal use of technology. "

Teddy Tee added that the highest Cashlez transactions were obtained from card payment methods which reached 182% followed by e-commerce payments by 180% and digital payments including electronic wallets by 60% compared to 2018. Growth also occurred on the Cashlez user side by two fold with the five highest industry sectors namely fashion & accessories which are then followed by the retail, electronics, professional services, automotive and watches & jewelry segments.

Tan Leny Yonathan, Chief Revenue Officer (CRO) of Cashlez, added, "The growth of Cashlez users is inseparable from creative and effective product innovation, best service (24/7) for customers, awareness-based marketing activities and prioritizing customer education, expansion and active market penetration, extraordinary cooperation with our strategic partners, and positive support from various related parties throughout 2019, including Bank Indonesia as our regulator. "

Being the latest non-cash payment business solution that is trusted by business actors as well as Bank / Non-Bank partners is very important. Cashlez has received official permission from Bank Indonesia as the organizer of Payment Gateway with letter number 21/142 / DKSP / Srt / B on May 20, 2019, and throughout 2019, Cashlez also expanded its reach to several major cities in Indonesia. At present, Cashlez already has support areas in Jakarta, Bandung, Surabaya, Yogyakarta, Malang, Bali, Medan and Makassar.

In order to realize the company’s vision and mission, Cashlez actively enhances its strategic partners with banks and non-banks in order to facilitate each business actor to receive the latest non-cash payments. From its inception until now, Cashlez has collaborated with Bank Mandiri, BNI, Maybank, BTPN, Bank Tabungan Negara (BTN), Bank Syariah Mandiri (BSM) and will continue to grow in line with the development of business needs of business actors. In addition, Cashlez also collaborates with LinkAja, OVO, GoPay and Kredivo. Thanks to this collaboration, Cashlez won the World Record from MURI as a Payment Aggregator with the Most Point-of-Sale Service and Multi-Acquiring Bank Payment Options in One Application.

Cashlez, consistently and persistently carries out its goal of being the best integrated business and non-cash payment solutions for business people both individuals and companies, both conventional and online, at all segments of the scale in various industries. At present, Cashlez has become a business and non-cash payment solution in several strategic partners, including Informa, Fabelio, GoWork, Jayamix by SCG, Gramedia, Livestock by Kaesang, OTO Group, KSK Insurance and many more.

Cashlez showed its optimism in 2020 through planning the implementation of real contributions in supporting the National Non-Cash Movement (GNNT) launched by Bank Indonesia on an ongoing and sustainable basis. It is hoped that with this increase from year to year, Cashlez’s vision will become the Ultimate Payment Company in the Region.

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