Bambang Brodjonegoro's Openings About Bukalapak's Collaboration With Allo Bank, Owned By Conglomerate Chairul Tanjung

Bambang Brodjonegoro. (Photo: Doc. Antara)

JAKARTA - President Commissioner of PT Bukalapak.com Tbk (BUKA) Bambang Brodjonegoro opened up about his hopes for collaboration between PT Bukalapak.com Tbk (BUKA) and Chairul Tanjung's digital bank, PT Allo Bank Indonesia Tbk (BBHI).

The President Commissioner and Independent Commissioner of Bukalapak, Bambang Brodjonegoro said that he would continue to strive to maintain Bukalapak's growth. In terms of collaboration, Bukalapak is noted to be working with Allo Bank to provide digital financial services.

The presence of Allo Fresh in the Bukalapak ecosystem, according to Bukalapak management, has also strengthened OPEN's offerings in the grocery segment for partners and customers. This is because this collaboration allows Bukalapak to expand touch points and offer a wider variety of products.

"Bukalapak is in a good financial position to continue to grow sustainably as a tech enabler," said Bambang in an official statement, quoted on Monday 27 June.

The Company recorded positive growth with Total Processing Value (TPV) during the fourth quarter of 2021 growing by 29 percent to Rp34.7 trillion, while throughout 2021 it grew 44 percent compared to the same period the previous year of Rp122.6 trillion.

Meanwhile, the contribution margin to consolidated net income has also improved, to 11 percent in 2021, from 21 percent the previous year. The company's adjusted EBITDA increased 15 percent to Rp1.4 trillion as of December 31, 2021 compared to the previous Rp1.6 trillion.

In the first quarter of 2022, Bukalapak's revenue reached IDR 788 billion, an increase of 86 percent year-on-year (yoy) compared to the first quarter of 2021, which was IDR 424 billion. The company projects revenues this year to reach Rp2.7 trillion to Rp3 trillion.

Bukalapak also recorded an increase in total TPV of IDR 34.11 trillion, an increase of 19 percent from the projection this year. This number increased by 25 percent on an annual basis from the same period the previous year of Rp. 27.33 trillion.