Indonesia
Astra Financial and WeLab launch digital bank services in Indonesia
PT Bank Jasa Jakarta (BJJ), owned by financial business unit Astra Financial and fintech firm WeLab since 2022, have on Monday launched Bank Saqu, a digital banking service, as a financial partner for individuals and small and medium-sized enterprises (SMEs) in Indonesia with a solopreneur spirit. The launch of Bank Saqu is in line with the vision of BJJ to…
Singapore and Indonesia launch cross border QR payments
Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) have on last Friday launched the cross-border quick response (QR) payment linkage between Indonesia and Singapore. This linkage enables customers of participating financial institutions to make seamless cross-border retail payments using their existing mobile banking applications to scan QRIS…
Supermom launches initiative to partner 25 Singaporean brands expanding to Indonesia
Supermom, a Singapore-based parenting networks backed by AC Ventures, has announced the launch of a new initiative committed to helping small businesses develop. The tie-up is set to facilitate market entry to Indonesia for 25 Singapore-based family-centric brands.
Malaysia’s unicorn Carsome cutting “hundreds of jobs” to reach profit – report
Carsome “makes adjustments to its workforce where necessary,” the company said in an emailed response to Bloomberg's questions, declining to comment on specific numbers. “We remain committed to investing in all of our current markets and plan to accelerate profitable growth in 2024.”
Deloitte: Southeast Asia raises about $5.5 billion year to date, the lowest in eight years
Southeast Asia has raised approximately $5.5 billion via initial public offering (IPO) in the first 10.5 months of 2023, the lowest in eight years, Deloitte said Thursday. The total IPO raised down from $7.6 billion in 2022. Meanwhile, the IPO amount for the first 10.5 months of 2023 stands at 153, also down from 163 in the full year of 2022.
Indonesia’s VC deal value expected to decline 70-80% in 2023, says report
Despite a degree of cautious optimism, Indonesia's venture capital deal value is expected to decline 70 percent to 80 percent in 2023, according to a report revealed by Indonesia-based venture capital firm AC Ventures and global consultancy Bain & Company on Wednesday.
Mandiri Capital Indonesia partners Investible to launch new global climate tech fund
Indonesian financial institution Bank Mandiri corporate venture capital subsidiary Mandiri Capital Indonesia (MCI) and Sydney and Singapore-based early stage venture capital firm Investible have teamed up to launch new global climate tech fund.
South Korea’s Shinhan EZ enters Indonesian insurance market via partnership with Tap Insure
Shinhan EZ General Insurance, a subsdiairy of South Korean conglomerate Shinhan Financial Group Co. Ltd, is entering Indonesian insurance market via the partnership with Tap Insure, a strategic partner within the PasarPolis insurtech ecosystem.
Indonesian pet health and nutrition company secures new funding led by East Ventures
Compawnion, an Indonesian pet food company, has secured a new funding led by East Ventures, a sector-agnostic venture capital firm in Indonesia and Southeast Asia. The fund will be allocated to accelerate their distribution, research and development initiatives, broaden the company’s product portfolio, and effectively reach a larger demographic of pet…
Indonesian startup Mimin expands Generative AI services to Malaysia and Singapore
Mimin, the Indonesian platform enabler revolutionizing customer service through artificial intelligence (AI)-driven chat, has announced its expansion into Malaysia and Singapore.
