Indonesia

Indonesian Bukalapak 1Q revenue surges 86 percent to $54.39M on higher Mitra Bukalapak contribution

Indonesian e-commerce firm Bukalapak said Thursday that its revenue for the first quarter of 2022 (1Q22) grew by 86 percent year on year  to IDR788 billion ($54.39 million),…

Singapore’s Adgorithmics partners South Korea’s Klaytn Foundation to launch NFT-based loyalty program

Singapore algorithms e commerce firm Adgorithmics and South Korea blockchain platform Klaytn Foundation announced Thursday a partnership to utilize non-fungible tokens (NFTs) for…

Funding Societies co-invests with Carro in Indonesia’s Bank Index

Funding Societies (also known as Modalku in Indonesia), a Singapore-based small and medium enterprises (SME) digital financing platform, on Tuesday officially announced its…

Indonesia’s Xendit makes strategic investment in Bank Sahabat Sampoerna

Xendit, an Indonesia-based financial technology company that provides payment solutions, said Thursday it has made a strategic investment in Bank Sahabat Sampoerna, an Indonesian…

Gobi Partners and Ozora Venture launch first $10M seed fund for women startups in Indonesia

Venture capital (VC) firms Gobi Partners and Ozora Yatrapaktaja (PT Mega Ozora Venture) are partnering together to launch a $10 million seed fund for women start-ups in Indonesia,…

Indonesian alt-protein startup OFF FOODS raises $1.7M seed round led by Alpha JWC Ventures

Indonesian-based food tech startup OFF FOODS announced Tuesday its $1.7 million seed funding round led by Alpha JWC Ventures and participated by Global Founders Capital (GFC) and…

Indonesian culinary multibrand startup Hangry raises additional $22M for Series A funding

Indonesian culinary multi-brand startup Hangry, announced Monday its latest equity and debt funding of $22 million, making it to $35 million in total with Series A equity funding…

Indonesian digital lender JULO secures $80M from Credit Saison

JULO, an Indonesia-based digital lender, said Wednesday it has secured $80 million funding from Credit Saison, a Japanese financial services company affiliated to Mizuho Financial…

Indonesia tech giant GoTo shares close 13% up on market debut

Editor's note: updated with ZWC Partners' comments  Shares of Indonesia tech giant GoTo Group closed 13.02 percent higher at IDR382 on Monday, its first trading day on the…

Singapore’s ZA Tech invests in Indonesia first Sharia digital bank Aladin Bank

ZA Tech Global Limited (ZA Tech), a Singaporean technology venture founded by ZA International and backed by Softbank’s Vision Fund 1, said Monday it has become the latest…