1 JAN 2019

Amalan Representing Indonesia to Participate in the MaGIC Accelerator Program

Cyberjaya, 1 August 2018 - After successfully becoming a selected social enterprise to participate in the MaGIC Global Accelerator Program by the Malaysian government for the past six weeks, international practice has finally taken steps to launch a new branch in Malaysia, under the name of fintech Sd n Bhd. This registration was conducted by Arne Hartmann (Founder & CEO of practice) and Yodhi Kharismanto (Director of Practice).

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After it was first launched in Singapore, and then began operations in Indonesia, the move to spread its wings to Malaysia was felt to be quite strategic. "The Malaysian market is quite potential, considering that Malaysia is the second largest market to solve debt problems in the ASEAN region," Hartmann said.

Registration of this new branch in Malaysia also signifies the seriousness of the practice to be an integrated solution to the debt problem for the entire Southeast Asian community. In its first year in Malaysia, fintech practice Sdn Bhd plans to move quickly, one of which is to create jobs for 20 positions so that they can quickly provide consulting services on debt problems for the people of Malaysia.

About amalan

amalan internationalis the first technology-based professional services company in Indonesia, which provides debt management programs. This program is designed so that consumers who are in debt, have the ability to control their finances again. Indonesian practice helps clients through debt management programs, specifically designed to suit different needs for each client. This program is a combination of education about various opportunities to increase revenue and reduce expenditure, as well as to negotiate the existing bank debt requirements to reach the amount of payment that matches the ability. Indonesian practice headquarters was established in Jakarta in 2015 by a founding team that had collective experience in finance including debt settlement for more than two decades. the practice of making Indonesia a center of operations as well as a blueprint for the company's development plan to other ASEAN countries. Since July 2016, Indonesian practice has become the first company in Asia to getakreditasidari International Association of Professional Debt Arbitrators (IAPDA).

In May 2018, amalan was chosen as one of the 30 best start-ups in the MaGIC program. chosen practice as one of the social enterprises that makes innovation a foundation for building a sustainable business in answering a social issue that is a phenomenon, namely a debt problem that engulfs around 3 million consumers in Southeast Asia.

About MaGIC

MaGIC stands forMalaysian Global Innovation & Creativity Center , an initiative of the Malaysian government to build a sustainable start-up ecosystem. MaGIC is expected to be a catalyst for innovation and creativity that has a long-term impact on Malaysia. MaGIC was inaugurated on April 27, 2014 by President Barack Obama and the Prime Minister of Malaysia. Until now MaGIC has had a positive impact on more than 7000 entrepreneurs. MaGIC believes that entrepreneurs will have an important role for Malaysia's future, especially in job creation, opening up opportunities for Malaysia to achieve high income country status , and inspire people to take opportunities that are often invisible. For more information about MaGIC, please visit the home pagemymagic.myand the page that provides details about the mymagic.my/gapacceleration program ..