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PRESS CONFERENCE - SERV PARTNERS WITH DIRECT LENDING TO AID THE AFTERMARKET BUSINESSES
Tuesday 14/07/2020
SERV and Direct Lending roll out financial relief for workshops under the SERV Retail-iation program, focusing on automotive aftermarket businesses. The partnership is a supply assistance program or "bantuan belian bekalan" amounting up to RM3,000 per workshop, aimed at aiding them to procure auto part supplies.
This partnership is made in response to the recent pandemic crisis, COVID-19, that has impacted most automotive aftermarket businesses that were unable to operate at full capacity due to the Movement Control Order (MCO) enforced by the Malaysian government. These businesses are having a hard time sustaining their business given the loss of revenue with many facing cash flow and working capital difficulties.
Most businesses in the aftermarket services are underserved by traditional banks and have limited access to financing. With this partnership, workshops can use the relief provided to procure necessary suppliers to meet customer’s demands. Direct Lending enables fast yet simplified assessment, made possible by leveraging on track record and digital payments usage of the workshops on SERV platform.
Details of the event are as below:
Day/Date: Wednesday 15 July 2020
Time: 10 am - 1 pm
Venue: Cradle, Level 20, Sunway Putra Tower, 100, Jalan Putra, Chow Kit, 50350 Kuala Lumpur
WHO:
Rafiza Ghazali, Group CEO of Cradle Fund
Arief Imran, Group CEO of SERV
Yik Seong, CFO of Direct Lending
This partnership, which is aimed at providing assistance to workshops in sustaining business operations and preserving jobs as well as to support economic growth.
The founder of SERV, Arief Imran will be available for media interviews after the launching.
Programme
10.30 am: Media registration
11.15 am: First speaker talking points (Direct Lending)
11.30 am:
- Second speaker talking points (SERV)
- Short speech from Cradle Group CEO
11.50 am: Signing and Photo session
12:00 noon: Open Q&A from the media
12.10 pm: Tea time
12.15 pm: Adjourn and Networking
ABOUT SERV
SERV believes that every vehicle owner deserves a safe, transparent and reliable source of services at their fingertips. With that mission, SERV establishes itself in 2017 by offering on-site vehicle maintenance. Today, with a growing number of strategic partnerships, SERV's offering expands to other essential needs of a vehicle under one platform, making them en-route to becoming South East Asia's next vehicle super app.
ABOUT DIRECT LENDING
Direct Lending operates an online personal lending marketplace in Malaysia that enables borrowers to search, compare, apply and receive financing that best suit them.. The Company’s mission is to make safe and affordable financing accessible to every hard working adult. Direct Lending is a recipient of Cradle’s CIP300 funding.
You are cordially invited to send your reporter and photographer/cameraman to cover Press Conference.
SOURCE: Cradle Fund Sdn Bhd
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Irma Syazreena
Communication Liaison
Tel: 019 352 1038
Email: irma@serv.my
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