Bizhare:  Focusing on crowdfunding quality franchises

©Bizhare

Bizhare aims to democratize funding for franchisees, making it easier for budding entrepreneurs to go into business

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Since its establishment in 2018, equity crowdfunding platform Bizhare has channeled IDR 27bn in investments from retail investors to entrepreneurs. Unlike Santara, which focuses on local SMEs, Bizhare focuses squarely on working with franchise businesses, which was already popular among Indonesia's wealthier retail investors and would-be business owners. Twenty five franchise outlets all over Indonesia have opened for business after raising funds through Bizhare.
CompassList met Bizhare's CEO and co-founder Heinrich Vincent to learn more about how he is developing the new business model and...

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