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36 SinarMasMultiartha

Sinar Mas Multiartha

Company: Sinar Mas Multiartha Tbk PT

Brand Value: US $304 million

Headquarters: Jakarta

Year On Year Change: 25%

Industry: Banks

Year Formed: 1982

Sinar Mas Multiartha is the holding company for financial businesses within Sinar Mas, and its subsidiaries provide expertise to private and corporate customers across a range of investment services, including underwriting, consumer financing, securities administration, securities brokerage, investment management, IT and trading. Insurance is the largest part of its business, but the brand is also well known as a source of consumer credit to buyers of cars and motorcycles. In recent months, Sinar Mas Multiartha has established a fintech joint-venture business, PT Dana Pinjaman Inklusif, which promotes peer-to-peer lending. It has also  partnered with Yahoo Japan and the venture capital firm East Ventures to raise $150 million to invest in startups, with plans to focus on the infrastructure, mining and digital sectors this year.