Jakarta, March 16, 2020 - Today, PT Cashlez Worldwide Indonesia Tbk ("Cashlez" or "Company"), as a Financial Technology (FinTech) company engaged in the Payment Gateway field, has carried out a Due Diligence Meeting and Public Expose in connection with the Proposed Offer Initial Public Offering or Initial Public Offering (IPO). Acting as the underwriter was PT Sinarmas Sekuritas.

The number of shares to be offered is a maximum of 300,000,000 (three hundred million) ordinary shares on behalf of, or a maximum of 20,298% (twenty point two hundred nine eight percent) of the Company’s issued and fully paid capital after the Initial Public Offering , with a nominal value of Rp12, - (twelve rupiah) per share, and with an offer price ranging from Rp *** - Rp ***. Simultaneously, the Company also issues Warrants at a ratio of 1: 1.

Tee Teddy Setiawan, President Director of the Company said, "We are a Fintech Payment Gateway company that has been officially licensed by Bank Indonesia. We believe that this Initial Public Offering will support the company’s business development. "

Teddy said, it was planned that all funds obtained by the Company from the results of the Initial Public Offering, after deducting the cost of emissions, around 48.57% would be used by the Company to take over 51% of PT Softorb Technology Indonesia (STI) shares. The remaining approximately 51.43% (fifty one point forty three percent) will be used as working capital of the Company.

Meanwhile, Sumitomo Corporation as a shareholder stated that it was very enthusiastic that PT Cashlez Worldwide Indonesia Tbk would become the first Fintech Payment Gateway company to conduct an IPO. He believes that payment systems will be increasingly needed in the coming new era such as Maas (Mobility-as-a-Service). In this case, Cashlez’s integrated mobile point of sale (mPOS) system will provide benefits for consumers and service providers. Sumitomo Corporation hopes that Cashlez will become the first unicorn in the Indonesian payment industry.

The company targets the Effective Statement from the Financial Services Authority to be obtained on April 7, 2020 and the Public Offering Period will take place on April 8, 2020. Then, the Listing of Shares on the Indonesia Stock Exchange (IDX) is planned on April 20, 2020.

Financial performance in 2019 when compared to the previous year, including the Company’s net income which increased by Rp5.78 billion or 96.07%, to Rp11.73 billion in the 10 (ten) months period ended 31 October 2019.

The increase in net income was primarily due to an increase in the volume of transactions processed by the Company. As a company that can provide multi-payment with One Stop Solution, we hope to continue to grow and encourage the Indonesian economy by helping businesses, especially micro, small and medium businesses.


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