From Indonesia to Asia Pacific: Corpdaq’s Mission to Simplify SMB Financing

Corpdaq is an innovative start-up founded in 2024 in Singapore by two seasoned entrepreneurs from Indonesia, Hendra Kwik and Inas Luthfi. The company operates at the intersection of artificial intelligence (AI) and financial technology (fintech), offering a cutting-edge platform designed to address the financial planning and financing challenges faced by small and medium-sized businesses (SMBs) across the Asia Pacific region, starting with Indonesia. Corpdaq’s primary offering is an AI-powered financial simulator and financing marketplace, empowering profitable SMBs to optimize their financial strategies and secure the necessary funding to drive growth.

Who Are the Founders Behind Corpdaq?

Corpdaq was established by two second-time founders, Hendra Kwik and Inas Luthfi, both of whom have a wealth of experience in the start-up ecosystem. Hendra Kwik is a fintech and AI enthusiast who has successfully built two fintech start-ups: Fazz, which has raised $250 million and is valued at nearly $1 billion, and Corpdaq, which is currently part of the prestigious Y Combinator S24 batch. Inas Luthfi, on the other hand, began his entrepreneurial journey with a passion for computers, leading him to found an award-winning mobile game studio. He later transitioned into the start-up space, where he played a crucial role in the success of various Indonesian start-ups, including Rulo, which he successfully exited, and Verihubs, which he helped save during a tech crisis.

What Problem Does Corpdaq Aim to Solve?

Corpdaq was born out of the challenges that its founders faced while running their previous start-ups, Payfazz and Verihubs. These challenges are not unique to their experiences but are common among many SMBs in the Asia Pacific region. The primary problem is that SMBs often lack the financial knowledge and tools needed to assess their business’s financial health accurately and to plan effectively for growth. Additionally, they struggle to secure financing from banks or private investors, a process that is often complex and time-consuming. This difficulty in financial planning and securing funds limits the growth potential of many promising SMBs, leaving them unable to compete effectively in the market.

How Does Corpdaq’s Financial Simulator Work?

Corpdaq’s AI-powered financial simulator is designed to bridge the gap between SMBs’ financial knowledge and their need for accurate financial planning. The simulator allows SMBs to upload their historical business data, financial records, and project information into the platform. Using this data, the AI assesses the overall health of the business and simulates its future financial prospects. This simulation provides a clear picture of the potential outcomes of various business decisions, helping SMBs make informed choices about their future strategies.

What Makes Corpdaq’s Financial Simulator Unique?

What sets Corpdaq apart from other financial tools is its AI Assistant, which is specifically designed to be user-friendly for SMBs with limited financial expertise. The AI Assistant guides users through the process of scoring their financial health and generating simulations, making it accessible to business owners who may not have a background in finance. This approach ensures that even those with minimal financial knowledge can take advantage of the powerful insights provided by the platform, empowering them to make smarter decisions that drive growth.

How Does Corpdaq’s Financing Marketplace Benefit SMBs?

In addition to its financial simulator, Corpdaq offers a financing marketplace that connects SMBs with banks and private investors across the Asia Pacific region. For businesses that perform well in the financial simulations, this marketplace provides an opportunity to secure the financing they need to implement their growth strategies. By matching businesses with relevant financing options, Corpdaq helps SMBs overcome one of the most significant barriers to growth: access to capital. The platform simplifies the process of securing financing, making it easier for SMBs to find the right partners to support their expansion.

What Kind of Businesses Can Benefit from Corpdaq?

Corpdaq is designed for profitable SMBs in the Asia Pacific region, particularly those in Indonesia, where the company is based. These businesses often face intense competition and have limited resources, making efficient financial planning and access to financing crucial for their success. Corpdaq’s platform is particularly beneficial for businesses that are looking to scale but may lack the financial expertise or connections to do so effectively. Whether a business is looking to expand its operations, launch new products, or enter new markets, Corpdaq provides the tools and resources needed to make informed decisions and secure the necessary funding.

How Does Corpdaq Address the Challenges Faced by SMBs?

SMBs often struggle with financial planning and securing financing due to a lack of expertise and the complexity of the processes involved. Corpdaq addresses these challenges by providing a comprehensive platform that combines financial simulation with a financing marketplace. The AI-powered simulator helps businesses understand their financial health and plan for the future, while the financing marketplace connects them with potential investors and banks. This combination of tools and resources empowers SMBs to overcome the barriers to growth and achieve their full potential.

What Impact Can Corpdaq Have on the Asia Pacific SMB Market?

Corpdaq has the potential to significantly impact the SMB market in the Asia Pacific region by providing businesses with the tools they need to thrive. By making financial planning and access to financing more accessible, Corpdaq can help level the playing field for SMBs, allowing them to compete more effectively with larger companies. This could lead to increased innovation, job creation, and economic growth in the region, as more businesses are able to scale and succeed.

What Is the Future of Corpdaq?

As Corpdaq continues to grow, the company aims to expand its reach across the Asia Pacific region, offering its platform to more SMBs in need of financial planning and financing solutions. With its strong foundation and the backing of experienced founders, Corpdaq is well-positioned to become a leading player in the fintech space, helping to drive the growth and success of SMBs across the region. The company’s vision is to create a future where every SMB has access to the tools and resources they need to succeed, regardless of their size or financial expertise.