Indonesia

IFC provides $200M loan to boost sustainable finance in Indonesia

Through a $200 million loan to PT Bank Shinhan Indonesia (BSI) — a corporate and retail finance bank in the country —IFC aims to boost sustainable financing while supporting the nation's climate goals, including a first of its kind blue finance component.

Indonesian FinTech unicorn Xendit expands to Thailand

Xendit, a unicorn startup based in Indonesia, has entered the Thai market by offering comprehensive digital payment solutions and embedded finance, aiming to enhance the growth potential of Thailand’s digital economy.

How VinFast’s founder joins the auto industry’s power list

The #EV industry is booming, but competition is fierce. Geopolitical turmoil, economic fluctuations, and shifting consumer confidence add further complexity. To navigate these challenges, VinFast has adopted a multi-product, multi-market strategy, a unique approach that's granting the #Vietnamese electric car company a significant advantage and propelling…

Indonesian Proptech company Rukita secures $15M Series B1 funding

Rukita, an Indonesia-based proptech group, announced Thursday that it has secured $15 million in the Series B1 fund raise. In this round, the company welcomes exciting new investors and partners: MPower Partners, BNI Ventures, Openspace Ventures, and other international impact investors including renowned NBA star Jeremy Lin.

Singapore insurtech Sunday acquires Indonesian general insurer KSK Insurance

Sunday Ins Holding, a Singapore-based regional full-stackinsurtech group, has completed the acquisition of PT KSK Insurance Indonesia in January. The deal makes the firm as one of the largest insurtech groups fully licensed in the two largest general insurance markets in the region with revenue surpassing $100 million.

Telkomsel Ventures, AppWorks launch accelerator program to develop innovative solutions for Indonesian startups

Telkomsel, a digital ecosystem enabler through Telkomsel Ventures, has on Thursday announced a partnership to launch startup accelerator program TINC Batch #9 in collaboration with AppWorks, a Taiwan-based startup community. The program aims to develop innovative startups to provide digital solutions across various sectors in Indonesia.

IFC provides $64M green loan to boost renewable energy in Thailand, Indonesia, and Vietnam

A new investment through a green loan facility will help develop more renewable energy projects in Thailand, Indonesia, and Vietnam, with International Finance Corporation (IFC)'s $64 million to Sermsang Palang Ngan Company Limited (SPN) aiming to address the region's growing energy demand.

BW Digital partners Citramas to build data center in Indonesia

BW Digital, a member of BW Group and headquartered in Singapore, and Citramas Group, an Indonesia-based conglomerate, have on Monday announced the signing of a memorandum of understanding (MoU) for the joint development of a carrier-neutral digital ecosystem in Batam’s Nongsa Digital Park (NDP), Indonesia.

Indonesia’s wagely secures $23M in new funding led by Capria Ventures

Wagely, an Indonesia-based financial wellness platform, has secured $23 million in new funding amidst current funding drought as the company surpasses more than one million salary disbursements since inception.

Nokia partners Indosat Ooredoo Hutchison to nurture Indonesia’s digital talent, targeting AI adoption capability

Nokia and Indosat Ooredoo Hutchison (Indosat or IOH) have on Friday announced their collaboration in providing Bell Labs’ learning and certification programs to university students, aiming to enhance Indonesia’s digital talent competencies.