SC Ventures introduces Labamu to support SMEs across APAC
By Gloria Mathias
SC Ventures, Standard Chartered’s FinTech investment and venture arm, has launched Labamu, an invoicing and billing platform designed to increase the prosperity of small businesses across the Asia Pacific (APAC) markets, starting with Indonesia.
Labamu wants to empower APAC SMEs to accelerate their growth by:
- Making it easy for SMEs to increase sales through omnichannel, physical and digital marketplaces.
- Increasing operational efficiency by offering digital billing, catalogue, stock, and material management, plus customer relationship management and reporting;
- Offering seamless access to financial services such as embedded banking and operating accounts, and later procurement and working capital financing.
“Labamu believes that every small business contributes to shared economic prosperity, and we want to empower them. The platform stands out because we seamlessly integrate financial services into our platform. Merchants using Labamu can get invoice and bill payments directly deposited to their bank accounts,” said Emmanuel Van De Geer, CEO of Labamu.
Labamu strongly supports female entrepreneurs. Through its Wanita Tumbuh Bersama campaign, which actively promotes female empowerment in the SME sector, Labamu has trained over 7,500 business owners in essential business management practices.
The Labamu campaign offered practical training and expert guidance, including sessions by Silvia Winsen, Vice President of Business Development at PT Labamu Sejahtera Indonesia, who shared strategies for SMEs to meet export standards.
“SMEs are still suffering from lack of access. During incubation, we could already see Labamu’s potential; the platform earned the trust of over 80,000 small business owners. We congratulate Labamu on their launch as they embark on their journey to empower SMEs,” said Alex Manson, CEO of SC Ventures.
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