Indonesia
Indonesia’s Happy5 acquires Singapore’s SugarOKR to accelerate global expansion
In a strategic move to bolster its global presence, Indonesia-based enterprise performance management software startup Happy5 has announced it is acquiring Singapore-based startup SugarOKR for an undisclosed sum.
Finture’s YUP secures $30M in Series B funding, aims for US IPO in 3-5 years
YUP aims to serve 50 million users over the next 8 to 10 years, positioning itself as Southeast Asia's leading digital banking service platform with plans for a US IPO in the next 3 to 5 years.
IFC provides $60M green financing to Indonesia’s Gunung Raja Paksi to boost decarbonization
World Bank's International Finance Corporation (IFC) has inked deal to provide $60 million green financing to Indonesian steel producer Gunung Raja Paksi (GRP).
Gojek to exit Vietnam market – report
Gojek said the decision, made by its parent company GoTo after assessing its market presence in Vietnam, aims to strengthen business operations and aligns with the company's long-term growth strategy.
Maybank: Indonesia’s fuel curb increases need for higher ride hailing incentives
Fuel curb in Indonesia increases need for higher ride hailing incentives, Maybank Investment Bank said Thursday.
Indosat Ooredoo Hutchison partners Zurich Asuransi Indonesia to provide insurance offerings
The collaboration will utilize Indosat’s ecosystem of over 100 million users to offer protection solutions to various segments of society. Zurich will provide products through Indosat’s app, including reimbursement of postpaid bills and travel insurance for flight cancellations, lost luggage, and emergency medical needs.
Singapore’s Validus secures up to $50M facility from HSBC to strengthen digital lending for MSMEs in Indonesia
Validus, a digital small and medium-sized enterprise (SME) lending platform headquartered in Singapore, has on Monday announced the establishment of a debt facility of up to $50 million from HSBC under the ASEAN Growth Fund strategy. The funding is aimed to support financial inclusion for micro, small and medium enterprises (MSMEs) in Indonesia, addressing…
Google Cloud partners Kemenkominfo to launch career initiative in Indonesia
Google Cloud, in partnership with the Ministry of Communications and Informatics (Kemenkominfo), have on Thursday unveiled the Google Cloud Career Launchpad initiative in Indonesia.
Indonesia’s Komerce acquires logistics firm RajaOngkir
Komerce, a technology company providing end-to-end solutions for e-commerce businesses in Indonesia, has announced the acquisition of RajaOngkir, a leading platform for real-time shipping cost calculation and application programming interfaces (API) integration.
Study: 51 percent of Indonesian financial institutions are focusing on deploying GenAI for daily tasks
51 percent of Indonesian financial institutions are focusing on deploying generative artificial intelligence (GenAI) for everyday tasks, a study revealed Thursday.
