Bridging the Missing Middle
Connecting capital, knowledge, and purpose to empower Indonesia’s impact enterprises.
Watch the ImpactX Journey
ImpactX is a Sustainable Trade Program by Crevisse that drives cross-border impact business and investment, accelerating the growth of impactful enterprises through blended finance and hands-on support. The program focuses on expanding markets, strengthening global supply chains, and promoting sustainable import-export across four continents and eight countries, including Indonesia.
Overview : The Missing Middle
The program was launched in 2021 to address the "missing middle" in Indonesia's social investment ecosystem, where proven early- to growth-stage social enterprises struggle to secure the necessary growth capital. ImpactX bridges this gap by combining patient investment capital (equity or loan) with technical assistance (via grants) to de-risk enterprises and enhance their investment readiness.
This funding gap prevents promising social enterprises from scaling their models, accessing growth capital, and realizing their potential impact at national or global levels.
Microfinance / Grants
Funding Gap
Venture Capital / Private Equity
Program Design: The Operational Cycle
The operational cycle of ImpactX is structured around five core components designed for holistic enterprise development and long-term sustainability.
Deal Sourcing &
Selection
Identifying high-potential impact enterprises through scouting and strategic partnerships for targeted support.
Blended
Finance
Combining patient investment (equity/loan) with grants to de-risk enterprises and enable scalable operations.
Technical
Assistance (TA)
Providing custom consulting on HR, finance, impact reporting, and readiness for B Corp certification.
Investment
Readiness (IR)
Strengthening external positioning capacity through profile development and investor showcase events.
Grant
Management
Ensuring transparency and compliance through accountability, settlement, and external auditing of grant funds.
Impact in Numbers
Catalytic capital and tailored support that multiplied impact and investment returns.
115%
Revenue Growth
55M
DFI Investment(USD)
99B
Capital Mobilized(KRW)
12
Supported Enterprises
5
B Corp Certified
250%
Increasing Reduction of GHG Emissions
Portfolio Enterprises
ImpactX strategically focuses on two pivotal sectors with high potential for sustainable livelihoods and climate-positive outcomes:
Forestry & Agriculture (F&A): Focuses on sustainable forestry practices, agri-food commodities (food security, farmer livelihoods), bioenergy, and integration with Agri-Tech and Fin-Tech.
Energy & Environment (E&E): Focuses on Renewable Energy (solar, wind, etc.), Circular Economy models, Sustainable Mobility, and integration with Energy Digitalization, Pollution Prevention, and Waste Management.
Forestry & Agriculture
Adena Coffee
Coffee processor and distributor using transparent & traceable agroforestry practices.
Key Impact: Empowering smallholder farmers, implementing Good Agricultural Practices (GAP). B-Corp Certified.
Forestry & Agriculture
Aliet Green
Women-led producer of natural, organic, Fairtrade, gluten-free coconut sugar.
Key Impact: Regenerative organic farming, women and disabled farmer empowerment. B Corp Certified (score of 123.2).
Forestry & Agriculture
Crowde
Peer-to-Peer lending service for smallholder farmers.
Key Impact: Financial inclusion, providing 'in-kind' capital, and training (Koltivare project).
Forestry & Agriculture
Kora
Agritech providing advanced post-harvest technology for small-scale corn farmers.
Key Impact: Reduces post-harvest losses, increases farmer income by 30%, technology adoption (Smart Dryer, IoT sensors).
Forestry & Agriculture
Kulaku
Coconut derivative producers (VCO) and heavy equipment rental services for farmers.
Key Impact: Farmer support center, increased farmer income, and sustainable, inclusive growth.
Forestry & Agriculture
Rumah Mocaf
Gluten-free all-purpose cassava flour producer.
Key Impact:Food sovereignty, farmer training, 90% women workforce engagement.
Forestry & Agriculture
CATUR
Exporting company for specialty and commercial-grade green bean coffees (Grant-only recipient).
Key Impact: Post-harvest innovation (science-driven fermentation), carbon neutrality, farmer education.
Forestry & Agriculture
ForestWise
Producer of sustainable, traceable illipe butter and other forestry commodities (Grant-only recipient).
Key Impact:Rainforest preservation (40,000 hectares), indigenous community empowerment.
Forestry & Agriculture
Minaqu
Global ornamental fish transshipment and export platform (Grant-only recipient).
Key Impact: Inclusive livelihoods for small-scale fish breeders, sustainable trade, and global market access.
Energy & Environment
Jejakin
End-to-end integrated carbon management platform and nature-based solutions provider.
Key Impact: Reforestation, verified carbon data (CarbonIQ, CarbonAtlas), 1.15 million trees planted. B Corp Certified.
Energy & Environment
Xurya
Rooftop solar photovoltaic (PV) solutions provider with a no-upfront-cost leasing model.
Key Impact: GHG emission reduction (100.3 million tCO₂e in 2024), clean energy adoption. B Corp Certified.
Energy & Environment
Beli Jelantah
Refinery of used cooking oil into biofuel (Grant-only recipient).
Key Impact: Water preservation (36.5 million liters), CO2 emission reduction, circular economy.
*Note on funding: Jejakin and Kora received blended finance in late 2024, so their full financial and employment metrics post-program are not yet captured in the report. Total funding for Jejakin and Kora combines their respective Equity/Loan and Grant amounts as shown in the 2024 Blended Finance table.
Our Partners
Collaboration across nations and institutions — building bridges for sustainable impact.
Program Owner & Investor
Funding Partner
Operating Partner
From Investment-Driven to Business-Driven
The initial phase (2021-2025) successfully addressed the "missing middle" by acting as an "Investment-driven program" to build a pipeline of investment-ready enterprises. The new bottleneck is no longer capital access but access to scalable, mainstream, and global business integration.
The next decade (2026-2035) marks the transition to ImpactX 2.0: A Business-Driven Ecosystem.