Totm Technologies invests US$3.75 million in CDI

Totm Technologies invests US$3.75 million in CDI

Totm Technologies has entered into a convertible loan agreement with PT. Cakrawala Data Integrasi (“CDI”) to provide fast and cost effective verification-as-a-service to the private sector in Indonesia.

Mr Pierre Prunier, CEO and Executive Director of Totm Technologies, said, “We are excited about Platform Bersama as this is a significant development for the

identity management industry in Indonesia as it will drive broader and faster adoption of identity management solutions by Indonesian enterprises and individuals alike. With the advent of digitalization and COVID-19 driving the need for identity verification, the Indonesian market has seen considerable interest in identity management solutions from both corporations and end users. More and more small and medium businesses are exploring the benefits of adopting identity management solutions into their client-facing processes and are looking for cost-effective, easy-to-implement solutions.”