Reliance

Reliance Capital Management

4.4 0 m

PEOPLE REACHED

900,000 0

CUSTOMERS

100 0 +

EMPLOYEES

Reliance Capital Management has a goal to be the financial supermarket for Indonesia’s mass market and SMEs. The company is tackling low insurance and banking penetration in one of the world’s largest countries, where the uptake of financial services is substantially lower than in neighbouring nations.

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.