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Amartha Initiates Coalition to Advance Financial Health for Grassroots Communities in Indonesia

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The coalition, titled the Indonesian Coalition for Financial Health, was officially launched on June 4 at the Asia Grassroots Forum 2026 and initiated by Amartha together with partners.Fully supported by Her Majesty Queen Máxima of the Netherlands in her role as the United Nations Secretary-General’s Special Advocate for Financial Health (UNSGSA), the coalition will drive the implementation of financial health through research, innovation hubs, and cross-sector collaboration platforms.

JAKARTA, Indonesia, June 5, 2026 /PRNewswire/ — Amartha Financial (Amartha), together with Women’s World Banking, Center for Financial Inclusion at Accion, Mastercard Center for Inclusive Growth, CERISE+SPTF, SME Finance Forum (SMEFF), KUMPUL, Beenext, and Koalisi Ekonomi Membumi (KEM) officially launched the Indonesian Coalition for Financial Health (ICFH). This cross-sector coalition aims to strengthen the financial health agenda for grassroots communities in Indonesia.

This strategic initiative has received full support from Her Majesty Queen Máxima of the Netherlands in her capacity as the United Nations Secretary-General’s Special Advocate for Financial Health (UNSGSA), with a representative of Queen Máxima attending the launch ceremony. The coalition’s membership, comprising a diverse range of domestic and global stakeholders, reflects a shared commitment to unlocking the potential of grassroots communities to grow inclusively and sustainably.

Launched alongside The 2026 Asia Grassroots Forum, ICFH brings together a diverse group of domestic and global stakeholders, reflecting a shared commitment to advancing the economic potential of grassroots communities in Indonesia through inclusive and sustainable growth.

“Financial inclusion has advanced significantly, but access doesn’t guarantee financial health. As a member of the Indonesian Coalition for Financial Health, we’re committed to the rigorous research and cross-sector collaboration needed to drive stronger financial health outcomes for Indonesia and beyond,” said Jayshree Venkatesan, VP of Consumer Protection and Strategic Industry Engagement, from the Center for Financial Inclusion at Accion.

During UNSGSA Queen Máxima’s official country visit to Indonesia in November 2025, she visited Amartha clients in Central Java to hear about how Amartha’s products and services have improved their financial health and helped foster the growth of their MSMEs. She also spoke with Amartha leadership about the importance of gathering partners to scale financial health initiatives across Indonesia and the region, particularly in underserved communities.

“Through ICFH, we hope that the financial inclusion paradigm can evolve beyond access and focus more on resilience and well-being as tangible outcomes, particularly for the needs of grassroots communities, including women-owned MSMEs in rural areas and other underserved groups,” said Aria Widyanto, Head of the Secretariat of the Indonesian Coalition for Financial Health. To date, Amartha has served more than 3.9 million women entrepreneurs in rural areas. This support helps partners build financial resilience, grow their businesses sustainably, and participate more actively in the household economy.

Subhasini Chandran, Senior Vice President, Social Impact, APEMEA, Mastercard Center for Inclusive Growth, added, “Financial inclusion has traditionally been measured by how many people have access to financial services. As the global middle class continues to grow, we must ensure that this access leads to usage and resilience, which creates more opportunities for growth. This coalition and set of partners will play an important role in strengthening the financial health agenda for grassroots communities in Indonesia, and aligns well to Mastercard’s newest commitment to connecting and protecting 500 million people and small businesses on their pathways to financial health.” 

In its implementation, ICFH will focus on three key priorities. First, Research & Evidence Generation, which involves developing a knowledge base and data on financial health that is relevant to the Indonesian context, gender-sensitive, and grounded in the realities of grassroots communities. Second, the Financial Health Innovation Hub, a collaborative platform to design, test, and scale inclusive financial innovations such as alternative credit scoring, open finance, embedded finance, and community-based financial services. Third, the Convening Platform, a cross-sector collaboration forum aimed at aligning agendas, building commitments, and driving concrete actions for inclusive growth.

ICFH will also develop several strategic initiatives, ranging from the Grassroots Financial Alliance to expand access to microfinance products among rural and women’s communities, and Research & Shared Metrics to measure financial resilience, preparedness, and recovery, to Innovation Labs that serve as spaces for developing and scaling innovative models and solutions. The coalition will further promote Practitioner Learning & Peer Exchange and encourage a shift in narrative from asset accumulation alone toward financial readiness, life security, and economic resilience rooted in the lived experiences of women.

Through ICFH, Amartha and its partners aspire to become a global reference point in developing a financial health ecosystem that is relevant, collaborative, and sustainable. This initiative is also expected to strengthen the role of grassroots communities, particularly women-owned MSMEs, as an integral part of a more inclusive economic development agenda in Indonesia and across the region.

About Indonesian Coalition for Financial Health

The Indonesian Coalition for Financial Health (ICFH) is a joint initiative that brings together government institutions, the private sector, financial institutions, fintech companies, civil society organizations/NGOs, academics, investors, and global partners to strengthen the financial health of grassroots communities. ICFH focuses on financial health research, innovation incubation, the development of shared frameworks, and cross-sector collaboration to empower underserved communities, including women, micro-entrepreneurs, and smallholder farmers, in achieving sustainable financial well-being.

About Amartha Financial

Established in 2010 and known under the “Amartha” brand, Amartha Financial (PT Amartha Financial Group and its subsidiaries) provides comprehensive digital financial services designed to address the needs of communities and women-led MSMEs in more than 50,000 villages across Java, Sumatra, Kalimantan, Sulawesi, and Bali Nusra, through the AmarthaFin application.

Amartha Financial comprises PT Amartha Mikro Fintek, a licensed productive financing provider; PT Amartha Warbler Finance, a licensed cash financing provider, both licensed and supervised by the Financial Services Authority (OJK); as well as PT Amartha Finansial Asia, a licensed electronic money provider (e-money) licensed and supervised by Bank Indonesia.

Through AmarthaFin, users can access working capital financing services, digital payments, PPOB, zakat distribution, as well as investment features that connect rural communities with national and global investors.

To date, Amartha has disbursed more than IDR 47 trillion in business capital to more than 4 million women-led MSMEs, to strengthen micro-entrepreneurship, create jobs, and drive more inclusive economic growth in Indonesia.

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SOURCE Amartha Financial

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AndX Global Unveils Manila One, a First-of-Its-Kind Tokenized Land Development With Global Access

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NEW YORK, Oct. 29, 2026 /PRNewswire/ — AndX Global today unveiled Manila One, a $100 million initiative that is the first to tokenize a large-scale, development-stage land project and open it to investors worldwide from day one.

Originated in the Philippines, structured through a U.S.-based investment framework and built for distribution to eligible investors globally, Manila One represents a new model for cross-border real estate investing. It combines a local asset, institutional structuring, global access and a path to liquidity.

Manila One applies tokenization where the most value is created, in the development of raw land, and opens it to investors around the world from the start.

“Tokenization without liquidity is simply digitized illiquidity,” said Viru Raparthi, CEO of AndX Global. “Manila One changes that model by giving global investors access at the development stage, while building toward real liquidity. This isn’t just about tokenizing real estate. It’s about creating a global market for real-world assets.”

Designed for global investors

Manila One is built to overcome the barriers that have kept private real estate closed to most investors: access, currency, minimums and exit.

Global access: open to eligible investors in more than 190 countries, subject to applicable lawUSD-denominated: priced and reported in U.S. dollarsLow minimum: tokens priced to ensure maximum participationDigital ownership: each token represents an economic interest in the development-stage project, with digital custody and blockchain-based recordkeepingBuilt for liquidity: designed for secondary trading on regulated AndX exchanges globally, so eligible holders can buy and sell their interests rather than stay locked into a multi-year private investment

Behind the offering is an end-to-end model that AndX intends to apply to other asset classes. It runs from origination through U.S. structuring, digital issuance, global distribution and custody to secondary trading. AndX Global provides the technology, tokenization, exchange, custody, payments and distribution infrastructure.

“The next generation of capital markets won’t be defined by geography,” Raparthi said. “It will be defined by access.”

The asset: 54 hectares, 5 km from Bonifacio Global City

The project centers on about 54 hectares of waterfront land roughly 5 kilometers from Bonifacio Global City (BGC), Metro Manila’s leading business district. Proceeds will fund horizontal development, including roads, utilities, drainage and other core infrastructure, to prepare the site for future residential, commercial and mixed-use construction. A later phase is planned to include affordable housing.

Manila One is sponsored by Jack Rodriguez, a Filipino entrepreneur and President of ARC Pacific Development, Inc., whose family story spans generations and two countries. His ancestry traces to passengers associated with the Mayflower and America’s earliest Pilgrim settlers, while his own roots remain deeply connected to the Philippines. Rodriguez sees the project as a bridge between the United States and the Philippines.

“Major development opportunities in the Philippines have mostly been available to a small circle of institutions, developers and wealthy families,” said Rodriguez. “Manila One opens that up, starting with Filipinos around the world and extending to investors everywhere who want a stake in transforming a major Philippine asset.”

The project is advised by Romel C. Cañete, widely regarded as one of the early visionaries behind Manhattan’s Hudson Yards transformation. Cañete evaluated developer bids for more than 40 million square feet of mixed-use development over the West Side rail yards — work that helped shape what became one of the most successful and consequential urban redevelopment projects in modern New York City.

“On Hudson Yards, the first question was whether the infrastructure could carry the vision,” said Cañete. “Manila One starts in the same place. What’s different is who gets in on the ground floor. It’s not just a handful of institutions anymore, but investors around the world.”

Offering at a glance

Offering size: $100 millionUnderlying asset: about 54 hectares of waterfront land near BGC, Metro ManilaIndicated land value: more than $200 million, per Cuervo Valuers & Advisory, Inc. (appraisal dated February 3, 2026)Term: three yearsPreferred return: 8% per year, simple and non-compounding (24% over the three-year term)Additional upside: 100% return on investment tied to appreciation of the underlying land, subject to offering termsEligible investors: retail and institutional, in more than 190 countriesOffering documents and eligibility: andx.ai/m1

About Manila One

Manila One is a tokenized real estate offering tied to the horizontal development of about 54 hectares of waterfront land near Bonifacio Global City in Metro Manila. ARC Pacific Development, Inc. is the sponsor, and AndX Global provides the tokenization and distribution infrastructure. Learn more at andx.ai/m1. 

About AndX Global

AndX Global is a financial technology company expanding global access to financial markets and real-world assets. Its infrastructure spans licensed digital-asset trading, payments, tokenization, custody and liquidity. Its mission is to let investors trade any asset, anywhere, anytime. Learn more at andx.ai. 

Important disclosure

This communication is for informational purposes only. It is not an offer to sell, or a solicitation of an offer to buy, any security or investment product. Any offering will be made only under applicable securities laws and through definitive offering documents containing material information about the investment, its risks and its terms. Investing involves risk, including possible loss of principal. The preferred return is not guaranteed. Statements about liquidity, secondary trading, returns, appreciation or future value are forward-looking and not guaranteed. Secondary trading, if available, will be subject to securities laws, regulatory approvals, transfer restrictions and the availability of an appropriate venue. Securities-related activities in the United States, where applicable, will be conducted through appropriately registered entities.

Media contacts

United States

Roxanne Rittberg

roxanne@andx.ai

+1 (561) 544-7172

Philippines

Mikel Cañete

mikel@andx.ai 

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SOURCE Andx Global

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Veridian Credit Union adds Allstate Identity Protection to free credit monitoring tool

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New benefit gives members access to professional identity restoration support and monitoring tools

WATERLOO, Iowa, Oct. 29, 2026 /PRNewswire/ — Veridian Credit Union members now have complimentary access to Allstate Identity Protection through Credit Central, Veridian’s free credit monitoring tool within online banking.

The added support comes as identity theft is making a growing financial impact on U.S. consumers. Identity theft losses reached an all-time high of $27.3 billion in 2025, according to the 2026 Identity Fraud Study from Javelin Strategy & Research.

Veridian members who are enrolled in Credit Central and believe they are experiencing identity theft can now use identity fraud finder tools and work with a professional restoration specialist on monitoring high-risk transactions, dark web exposure and more. Monitoring for additional fraud continues for at least three months after a restoration case is resolved.

“Providing identity restoration support through a tool members already have access to is another way we can help them protect their financial lives and move forward with confidence,” said Mallory Paeper, Veridian’s manager of fraud and disputes. “Your financial well-being includes more than knowing your credit score. It also means having support when your personal information is compromised.”

The identity protection benefit expands the resources already available to Veridian members through Credit Central, Veridian’s free credit monitoring tool within online banking. Credit Central gives members access to their credit score and credit report, credit monitoring alerts and personalized tools designed to help them better understand and manage their credit. Credit Central is available to Veridian members within online banking at no cost, giving members easier access to credit information and identity protection as part of their everyday banking experience.

About Veridian Credit Union
Veridian Credit Union, founded in 1934 in Waterloo, Iowa, is a not-for-profit financial cooperative owned by the people who use its products and services – its members. Nationally recognized among the top credit unions in the U.S. for returning value, Veridian offers a full range of business and consumer financial services with 32 branches across Iowa, eastern Nebraska and the Minneapolis-St. Paul metro area. For details, visit veridiancu.org or call (800) 235-3228.

About Allstate Identity Protection
Allstate has been protecting what matters most for 90 years. Allstate Identity Protection provides identity restoration services and related support for users who experience identity fraud.

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SOURCE Veridian Credit Union

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SAJ Electric Honoured with EUPD Top Innovation Award at All-Energy

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The EK70 HS5 Series and EK90 HS5 Series were recognised in the Storage category

MELBOURNE, Australia, Oct. 30, 2026 /PRNewswire/ — SAJ Electric has received the EUPD Research Top Innovation Australia 2026 award in the Storage category for its EK70 HS5 Series and EK90 HS5 Series all-in-one home energy storage systems. The award was presented on SAJ Electric’s stand at All-Energy Australia 2026 at the Melbourne Convention and Exhibition Centre.

EUPD Research recognises products for technology advancement, innovation uniqueness, environmental impact, market disruption and practical applicability.

The EK70 HS5 and EK90 HS5 combine a hybrid inverter, LFP battery storage and backup in one modular system. Blind-mate connectors and a wireless meter cut installation cabling, and three-step app commissioning speeds setup. A built-in 63A bypass delivers whole-home backup without a separate backup box, switching in 10 ms or less. An independent DC/DC battery optimiser supports flexible expansion, and the elekeeper 5.0 platform coordinates solar, storage, EV charging and household loads. Both are available in single-phase and three-phase.

The award headlined two busy days for SAJ Electric across Stand M143 and a dedicated Strongman booth at E01. SAJ Electric ran live product demonstrations, partner sessions with its three national distributors, and a public strength challenge against Bradman Houston, Australia’s Open-weight Strongest Man of 2026. Bradman’s lifts include a 380 kg deadlift, 340 kg squat and 180 kg overhead press.

Highlights

CEC certification: DEKRA and CCS presented Clean Energy Council certificates for the EK70 HS5 and EK90 HS5 on stand, making them the first products approved under Australia’s new SA TS 5398 battery safety standard.CEO roundtable: SAJ Electric Chairman and CEO Samil Ouyang and Smart Energy Council CEO David McElrea discussed the direction of Australia’s home battery market and how manufacturers can better support installers.Beat the Strongest Man: Booth E01 drew some of the biggest crowds of the show as visitors stepped up to the high striker against Bradman. Anyone who out-hit him took home a pair of Shokz headphones.Nine live demos: SAJ Electric’s technical team ran scheduled sessions across both days on residential storage, the elekeeper energy management platform, and commercial and industrial solutions.Distributors on board: One Stop Warehouse, Supply Partners and Tradezone showcased SAJ Electric products on their own stands, with SAJ Electric technical staff at each throughout.Media on stand: SAJ Electric hosted briefings, interviews and content capture with RenewEconomy, pv magazine, EcoGeneration, SunWiz, Solar Cutters, OpenSolar, Your Energy Media, Techmanpat and the Smart Energy Council, plus a booth tour and interview with Glenn Morris, founder of Smart Energy Lab, who recently installed and tested the EK70 HS5 on his YouTube channel.

The Strongman activation built on SAJ Electric’s ongoing work with Bradman, who earlier this year fronted an SAJ Electric video series with the Sydney Solar & Electrical crew on stretching, lifting technique and health tips for installers who move heavy batteries and panels every day.

SAJ Electric thanks every installer, partner and visitor who came by Stand M143 and the Strongman booth.

About SAJ Electric

Guangzhou Sanjing Electric Co., Ltd. (SAJ Electric) is a global manufacturer of solar inverters, energy storage systems and smart energy management solutions. In Australia, SAJ Electric products are available through One Stop Warehouse, Supply Partners and Tradezone. Learn more at au.saj-electric.com.

Media contact

Bella He
APAC & MENA Regional Head of Marketing
Guangzhou Sanjing Electric Co., Ltd.
No.9 Lizhishan Road, Guangzhou Science City, Guangdong, P.R. China 510663
Mobile: +86 188 2508 2693
www.saj-electric.com

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SOURCE SAJ

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