Up 22 Percent, Venteny Fortuna Records Revenue Of IDR 39.6 Billion In The First Quarter Of 2024

Rupiah illustration (Photo: dock. Antara)

JAKARTA - PT Venteny Fortuna International Tbk (VTNY) recorded an increase in revenue in the first quarter of 2024 worth IDR 39.6 billion. This achievement increased by 22 percent from the same period in the previous year.

Venteny's Founder and Group CEO Jun Waide said that financial service business to business (B2B) services were still the biggest contributor to revenue, which was Rp. 25.1 billion.

"This is in line with the company's focus on increasing financial inclusivity in MSMEs, especially those in Indonesia," Jun Waide quoted Antara as saying.

The company noted that the technology developed by Venteny to digitize micro, small and medium enterprises (MSMEs) is also another factor that provides positive performance stimulus in the first three months of this year.

This is reflected in a rapid increase in sales revenue for the development of information technology products which contributed IDR 7.6 billion in the first quarter of 2024 or grew 117 percent from the same period in the previous year.

In addition, the business to business to employee (B2B2E) Venteny Employee Super App service also contributed IDR 6.9 billion in revenue in the first quarter of this year.

In the company's financial report published on April 26, 2024, the technology-based company recorded a comprehensive profit increase of IDR 5.6 billion, an increase of 66 percent compared to the same period in the previous year.

According to the company, Venteny has distributed funding to more than 9,600 MSMEs spread throughout Indonesia and has more than 300,000 exclusive members (exclusive members).

Productive funding (growth funding) for MSME players throughout 2023 has been distributed by Venteny worth IDR 1.5 trillion. According to the company, this has also had a positive impact on the company's financial statements in early 2024.

"This positive result increases our optimism for the company's growth consistently. We believe that this achievement is not only a victory for the company, but also for all people who receive benefits through our services," said Jun Waide.

With the achievement of positive performance in the first three months of this year, the company believes Venteny is further strengthening its position as industry leader in productive funding services through growth funding and empowerment of human resources through the Venteny Employe Super App.

Jun Waide said that his party was confident that success in the first quarter of 2024 could not be separated from the support and trust given by various parties to Venteny. Furthermore, Venteny is committed to continuing to present innovative and sustainable financial solutions to bridge the financing gap and respond to market demands that continue to change to improve employee welfare for a stronger Indonesia.