Singapore, 18 December 2024 – Fairbanc, a Singapore and Silicon Valley-based fintech platform specializing in B2B supply chain financing in Indonesia, has secured $3.13 million (IDR 50 billion) in funding from Indonesian state-owned Bahana Artha Ventura (BAV). The investment will support Fairbanc’s expansion in SME lending and enhance its operations.

Bahana Artha Ventura, part of the state-owned IFG Group which manages over $20 billion in assets, focuses on fostering high-growth and innovative startups in fintech and technology. Agus Wicaksono, President Director of BAV, stated, “Fairbanc’s technology and data-driven approach to credit will enable us to target SMEs in need of growth capital. We are confident this partnership will evolve into a scalable SME lending platform for BAV.”

The funding comes as Fairbanc nears profitability, financing over 250,000 merchants across Indonesia. This investment adds to a

successful year for Fairbanc, with over $40 million raised from prominent investors, including SMBC, Pegadaian (BRI Group). Additionally, Fairbanc raised equity capital from the Asian Development Bank, East Ventures, OakDrive Venture, Lippo Group, 500 Global, Accion Venture Labs, and Indonesian billionaire Michael Sampoerna.

Agus Wicaksono, the President Director of BAV and Mir Haque, Founder & CEO of Fairbanc / Photo credit: Fairbanc

Fairbanc’s technology leverages AI and machine learning to extract credit scores by connecting with Big Data from the major brands’ ERP systems, including Unilever, Danone, and Nestlé. Founded in 2019 by Mir Haque, a Wharton MBA with experience at Google, Adobe, McKinsey, and Deutsche Bank, Fairbanc aims to address financial inclusion challenges in emerging markets. According to a Unilever survey, 80% of Fairbanc’s beneficiaries are unbanked, and 70% are women merchants who report a 35% average increase in sales due to Fairbanc’s BNPL technology.

Fairbanc-BAV Signing Ceremony / Photo credit: Fairbanc

With a mission to serve the fourth-largest unbanked population globally, Fairbanc views Indonesia as a launchpad for scalable credit solutions, with plans to expand into Vietnam and the Philippines in partnership with Unilever. “We see this as a tremendous opportunity to uplift millions of underserved merchants out of poverty while driving economic revitalization,” said Mir Haque, Founder and CEO of Fairbanc.

For media inquiries,

contact: mir@fairbanc.app

fairbanc.app 

Singapore, Singapore

Abu Dhabi, UAE, 19th December 2024, ZEX PR WIRE, The WorldShards team is super excited to announce the opening of its in-game economy. The project went live on Open Loot, right alongside Big Time and other successful Web3 games.

The full economy will go live in December 2024, after which the TGE will follow early in 2025. This milestone shows how far it has come since the February 2024 early access release of the game.

New Opportunities for WorldShards Players

New opportunities are on the horizon for avid gamers as the highly anticipated in-game economy launch approaches.

Proxy Tokens will be introduced in mid-December. At this point, these tokens will become the main currency to access NFT crafting and in-game upgrades. This feature will let players focus on gameplay and convert their tokens at a 1:1 ratio during the 2025 TGE.

WorldShards is removing access code requirements this December, providing all users with a 30-day trial period to experience the game. And if certain in-game activity criteria are met during this trial, players can permanently join the ranks of WorldShards enthusiasts.

Rewards and Community Empowerment

Another important feature that gamers will appreciate in Phase 2 is the airdrop campaign. This represents a form of reward for active players, including trial members, depending on their merits in the game. Importantly, one does not have to own an NFT to be eligible for inclusion in the airdrop.

Current players are given welcome bundles as an added bonus to gift to their peers. These bundles grant full game access and a generous amount of premium currency called gems. Additionally, future purchases of Welcome Bundles will also come with an extra bundle to gift.

About WorldShards

WorldShards is an MMORPG game developed by the experienced veterans of Lowkick Studio in collaboration with Abu Dhabi Gaming. It is a cross-platform game that opens an entire world for players beyond conventional limits. The project was launched in cooperation with the Open Loot platform, the creators of Big Time and the $OL token.

Since its launch, WorldShards has gathered tens of thousands of players from all over the world. Actually, the project is able to boast of more than 300,000 members in its online community. Sales success is a nice backup for such a growth strategy that the project is following. In 2024 alone, WorldShards gathered over $4 million after selling Artifact Boxes, Mystery Island Boxes, and Founder’s Lootboxes.

Anyone interested in learning more about WorldShards should refer to the official website of the project. Also, here is the game launcher link. The social pages listed below regularly keep players updated on WorldShards news and exclusives.

X (Twitter) | Telegram | Discord | Twitch | Steam