Indonesia

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.

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, 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.

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, 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.

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 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.

Indonesian minister for small and medium enterprises Teten Masduki said last week TikTok had yet to comply with the regulation.

Indonesian telecommunication firm Telkomsel has on Wednesday announced a strategic collaboration with Google Cloud to integrate enterprise-grade generative AI (gen AI) into its operations and core product offerings for consumers and businesses.

JULO, an Indonesia-based digital financial servicesplatform, has on Monday announced it has achieved an annual recurring revenue of over $120 million, with its total loan disbursement experiencing a 50 percent growth in 2023. The milestone comes alongside the company reporting operating profit breakeven in December 2023, underscoring its sustainable…