Reliance

Reliance Capital Management

Tackling Indonesia's low banking & insurance penetration

Industry:

Diversified Financial Services

Region:

Indonesia

6.6 0 m

People reached

1,343,632 0

Customers

760 0 +

Jobs supported

Reliance Capital Management has a goal to be the financial supermarket for Indonesia’s mass market and SMEs, tackling low penetration of financial services in one of the world’s largest countries.

Among its suite of diversified financial services businesses, Reliance Capital Management counts one of Indonesia’s largest group health insurers, a fast-growing life and general insurer, a listed, retail-focused, securities business, multi-finance and asset management companies, and consumer and corporate lending businesses.

LeapFrog invested in Reliance Capital Management in 2015 to help boost the company’s ability to reach millions across the country, extending its presence among Indonesia’s rapidly growing middle-class, who have limited access to essential financial tools.